Not only sound education but his alertness and dedication too are most required. Here are some aspects of it:
Have you thought about the Public Provident Fund? If you do not think so, you can open this account without thinking. This account can now be opened in almost all banks including post office. Not only sound education but his alertness and dedication too are most required. Here are some aspects of it:
Remember to deposit at least 500 rupees a year to keep the account running. However, if more than one and a half lakh rupees is invested in this project, no interest is earned on it. But it must be kept in mind. If you want to withdraw money after 15 years, you have to fill Form-C. Many banks, of course, want to keep money in that bank account. If you do not have an account to open. But you are not forced to do it. You can also withdraw money after maturity in your other bank account.