Purpose:
- Designed to help parents or guardians save systematically for a child’s future needs such as education and important life milestones during early childhood.
- Encourages disciplined and long-term savings.
Key Features of Kishore Thev Yojana
- Period: 110 Months (9 Years 2 Months)
- Rate of Interest: 7.65% p.a.( Yield 10.90%)
- Deposit Type: Damduppat Deposit
- Minimum Deposit: ₹10,000/- and above
- Eligibility: Child’s age should be from 1 month to 15 years
- Premature Withdrawal: Allowed as per RBI guidelines / directions
- Nomination Facility:Nomination facility is available