How will the interest rate be assigned to Child Education Plan?
Child Education Plan will earn prevailing fixed deposit interest rates for the entire deposit period, i.e. same rate of interest in Investment and Benefit Phases. The rate of interest applied will be as per the total tenure of Child Education Plan, including both Investment and Benefit Phases. Even if the rate of interest changes, the Child Education Plan will continue to earn the contracted rate of interest in both the phases.
Related Questions
- My child is still in school. Can you come to CSE (Committees on Special Education) / IEP (Individualized Education Plan) meetings and Parent-Teacher Conferences and help me?
- If a child’s individualized education plan (IEP) is written in May, 2005, under what statute will it be written?
- How will the interest rate be assigned to Child Education Plan?
