The lump sum deposit ensures a guaranteed return for the child despite any interest rate fluctuations
The investment certificate can be encashed upon the beneficiary attaining 18 years of age
SDB Dayada accounts can be opened for children below 13 years of age
Anyone including parents, guardians, well wishers, scholarship providers, benefactors and even insurance companies that wish to provide a guaranteed return of investment can gift an SDB Dayada investment certificate to a deserving child
Documents Needed
A duly filled account opening application
Copy of the national identity card / passport / driver’s license for identification of the person opening the account on behalf of the child
A copy of the child’s birth certificate (not compulsory)