J&K Bank Child-care Deposit Scheme Check Features and Benefits

• Monthly Installment          Rs. 100/- and its multiples.
• Tenure                                  7, 9 and 10 years as recurring (Phase-I) and 5 , 7 and 10 years respectively as term deposit (Phase-II).
• Interest rate                        Fixed. Interest rates as per the rates prevalent at the beginning of the respective phases.
• Interest application             Quarterly compounded interest.
• Interest payouts                 On maturity
• Add- ons

Accidental Insurance Cover for the Parent / Guardian (linked to the size of monthly deposit amount).

• Premature withdrawal       Allowed with penalty.