QuestionsCategory: sukanyaIntrest doubt…
Omendra Singh asked 12 months ago

My daughter is one year old if I m depositing 1000 per month till 14 years then i will get the interest on this diposited amount with effect from 14 years to 21 years 

1 Answers
James Bond Staff answered 11 months ago
  1. You will get interest every month on the money you deposit in the account
  2. At end of year you will get compound interest on the money accumlated in the account
  3. You need to deposit money till 15 years from date of opening the account
  4. From 16-21 years you do not need to deposit any money, however you will continue getting interest every month as before.