Answers to your questions
If you don’t see the answer to a question that you may have, please speak with our customer care executives at 0800-00026 and we would be glad to be of assistance.
What is the minimum amount required to open an account?
The minimum amount of investment required to open an account is Rs. 2,000/- only. There is no limit to the maximum amount that you can invest.
How frequently can I make regular investments in the plan?
You can make regular investments in the plan on a monthly, quarterly, semi-annually or annual basis based on your convenience. If you have a bank account with UBL, you can transfer money in your child’s account on a regular basis via UBL Netbanking or UBL Phonebanking
Is it compulsory to make regular investments?
No. It is not compulsory to make regular investments. You can also choose to invest a lump sum amount at the time of opening the account or at any other frequency you desire. However we strong recommend that you make regular investments in the plan to help your savings grow over time in turn helping you achieve your child’s future needs.
What is the minimum amount for making regular investments?
The minimum amount for making regular investments is Rs. 2,000 per month if you are making monthly payments, Rs. 6,000 if you are making quarterly payments, Rs. 12,000 if you are making semi-annual payments and Rs. 24,000 if you are making annual payments.
Are there any charges if I miss a regular payment amount?
No. There are no charges if you miss a regular payment amount.
Can I change the payment schedule?
Yes. You can change the regular payment amount and the frequency of payment at any time you want by filling out the necessary application form and submitting it to us.
Is there a lock-in period?
No, investments made in the plan can be redeemed, partially or fully, at the time without any exit charges.
What is the age limit for the child?
While you can open an account for your child as soon as he or she is born, the maximum age limit for a child for whom you can open an account is 30 years.
What is the age limit for the parent?
There is no maximum age limit for the parent or guardian who wants to open an account for their child, provided that the parent/guardian is over 18 years of age.