An FD of ₹1,00,000/Per Year For 15 Years Can Help Your Child’s Higher Education. Here’s How!
IDFC FIRST Bank
How can you create a corpus for your child’s tuition fee?
With an FD, you can do it easily. Here’s how
IDFC FIRST Bank
Fixed deposits offer guaranteed returns and can help you save for your child’s education. With careful planning, you can use FDs to create the desired corpus.
IDFC FIRST Bank
For instance, say you need to accumulate Rs.25 lakhs in 10 years to send your child for higher education. Here’s how a fixed deposit can create the corpus.
IDFC FIRST Bank
If you deposit Rs.13.25 lakhs in a fixed deposit yielding 6.5% interest every year, you can get a corpus of Rs.25.24 lakhs at the end of the 10th year.
IDFC FIRST Bank
If you want to create a higher corpus, increase the investment. Plus, with FDs offering a higher interest rate, your corpus would be higher.
IDFC FIRST Bank
So, adjust your investments per your needs and earn guaranteed returns. Use the FD calculator to find out how much to save to create the desired corpus.
IDFC FIRST Bank
Choose IDFC FIRST Bank Fixed Deposits to create an education fund. Earn up to 7.75% p.a. with a flexible tenure and choice of interest payouts.