Hi to all. I was working in a private sector and earning some money. I want to save my money for my family and for my future. So I have opened an account in a private sector as a saving account. The saving account is very much useful for me but then I thought it is not more useful for my children’s. So I have asked an idea to my friend to save money for my children’s. Since my friend is working in a bank, he might know much useful information. Then he gave me an idea about different types of deposits which would be helpful for my children’s in the future. The plans are seven year deposit plan, recurring deposit, certificate of deposit and many more deposit plans. He also explained me about best cd rates in certificate of deposit. Deposit plans is nothing but depositing a bunch of amount in a person name which can be retrieved double or triple the amount what we have deposited. I have deposited the amount on my both the children’s. The amount can be more helpful for my children’s in many ways like for their studies, marriage and other useful things. I was so satisfied on it and I thanked my friend for giving me such an idea.