- A longer lock-in period of around 15 years allows parents to save money for their child till they become adults and use the money upon maturity for their education, marriage, etc.
- Tax benefits under Section 80C can also be availed by parents
- Post maturity if the account is extended the lock-in periods are shorter solving the liquidity issue
- Your child can also withdraw money as per his/her requirement while continuing to earn interest on the balance.