Account under this scheme in the name of a child can be opened until he/she is 10. Monthly installments are to be deposited like other saving scheme for 10 or 15 years to get stipend for next 6 years out of deposit and interest accumulated. Salient features of the account are as under: Deposits to be made for 15 years if the account is opened within 3 years of the birth of a child. Deposits to be made for 10 years if it is opened after 3 years of age. After maturity monthly stipend will be paid for next 6 years as per schedule to the credit of ward’s account. Deposit can be withdrawn at a time by the guardian before or after maturity.
Monthly Deposit (TK) |
After 10 years |
After 12 years |
After 15 years |
After Maturity |
Monthly |
After Maturity |
Monthly |
After Maturity |
Monthly |
300/- |
63,750/- |
1,200/- |
86,600/- |
1,650/- |
131,200/- |
2,500/- |
500/- |
106,300/- |
2,000/- |
144,400/- |
2,750/- |
218,750/- |
4,150/- |
1,000/- |
212,600/- |
4,050/- |
288,800/- |
5,500/- |
437,500/- |
8,300/- |
2,000/- |
425,200/- |
8,100/- |
577,600/- |
11,000/- |
875,000/- |
16,650/- |
3,000/- |
637,800/- |
12,140/- |
866,400/- |
16,500/- |
1,312,500/- |
24,980/- |
4,000/- |
850,400/- |
16,190/- |
1,155,200/- |
21,980/- |
1,750,000/- |
33,300/- |
5,000/- |
1,063,000/- |
20,200/- |
1,444,000/- |
27,480/- |
2,187,500/- |
41,600/- |
10,000/- |
2,126,000/- |
40,450/- |
2,888,000/- |
54,970/- |
4,375,000/- |
83,250/- |