Diwali gifting is a tradition and a treat, which is eagerly awaited by people of all age groups, especially children. As you think about what to buy your child this Diwali, consider something unique and meaningful in addition to the fun goodies. Thanks to seasonal offers and festive discounts, you can buy your child the latest gadgets or even a sports kit without breaking the bank.
However, you can also gift your child financial security by starting a customised FD for a child, such as Bajaj Finance’s FD. Investing in FD will give your child access to funds later in life and help him/her study, start a business or pursue a passion. It will also help teach your child the benefits of saving and investing at an early age. You can start an FD for your child after carefully evaluating the FD interest rates offered.
Get started by taking a closer look at 3 options you can consider gifting your child this Diwali.
Gadgets and gizmos for your tech-savvy child
You can gift your child the latest mobile phone such as the Vivo V9, Tecno I7 Pro, or Samsung A7 on EMI this Diwali. You could also choose to fuel their passion for photography with a DSLR from Nikon, Canon or Sony. Or, if you’re looking to introduce your child to a new hobby or skill, you can make a start this Diwali without putting a strain on your wallet. Look for exciting deals and discounts this festive season and make the most of what’s on offer.
Cricket kits for the sports enthusiast
If your child loves cricket, which is a popular sport in India, then you can consider buying him/her a cricket kit. Not only is it an excellent way to encourage physical activity and fitness, it also helps children improve their social skills and learn team work, leadership and sportsmanship. To this end you can consider investing in a cricket set for your child, coaching classes and more.
FDs for your child’s financial security
The best gift you can gift your child is providing for their financial security. Starting an FD for your child can help them meet college expenses, allow them to plan a birthday or travel the world as it offers assured returns.
Investing in a Fixed Deposit for your child as it has high returns as well as a host of other benefits. It carries fixed deposit interest rate of up to 8.75% if you hold a cumulative fixed deposit for at least 36 months, and up to 9.10% as interest if you hold the same deposit as a senior citizen.
You can choose a cumulative FD to create wealth, and to know the maturity value of your investment you can use an FD calculator. The best part is that there is no risk as your investment is not linked to the market. Besides, investing in an FD is simple, can be done online and you can even monitor this investment via a secure customer portal.
These 3 ideas make for an interesting gift to give your child this Diwali, either to enhance their mental and physical capabilities or to provide financial security for future use.