A crore goes a long way today but, even accounting for inflation, it is likely to command respect 12 years from now. This is the kind of leg up that your child can use, irrespective of their personal capabilities and situation.
Family And MoneyMoney isn't just yours, it is also your families. Learn how you can do a better job with your family finances so that you never have to compromise with your family's finances.
You may ask yourself this, soon after you get married, or engaged. It is natural to think about this, as marriage more often than not, is viewed as a life stage, after which, your life can change drastically. So once you are financially secure, why should you really bother about saving and investing your money?