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The ₹10,000 cap on a new Junio card isn't a glitch — it's the RBI's design. Here's what V-KYC is, why it exists, and how the ten-minute video call lifts your child's card to a ₹2,00,000 ceiling.
Before you lock money in a Junio FD, know the three things that actually matter: the rate you'll earn, the tenure you choose, and the tradeoffs of locking money your kid can see but can't spend.
Two safe places to park a college fund — a bank FD in your kid's name, or Junio's in-app FD. Same ~7% rate. The real difference is friction and whether your kid ever sees the money grow.
