BELAGAVI
The ‘Samruddha Balak’ deposit scheme introduced by the Lokmanya Multipurpose Co-op Society Ltd has been receiving good response at its 213 branches across Goa, Karnataka, Maharashtra and Delhi.
According to a press release, the Deposit Investment Scheme, which has been introduced to inculcate savings habit among young children and to safeguard the future of the child, is getting significant response from parents, customers, members and investors.
Giving details about the scheme, Lokmanya Multipurpose Co-op Society CEO Abhijeet Dixit said this plan enables parents to invest in the name a newborn child till children up the age of 10 years.
“The investment period is of eight years. A minimum of Rs 25,000 and above can be invested in this term deposit scheme. The return will be given in a total of five phases each year from the end of fourth year,” Dixit added.
According to the society management, this term deposit scheme is one of the best and safest schemes as compared to the many other investment schemes available for planning the cost of education and upbringing of the children.
“Team Lokmanya has thoughtfully designed this scheme considering the latest scenario and requirements of educational needs of children. For more details, parents are requested to visit any of the nearest branches,” Dixit added.
