Title: Parents' financial planning practices for the future security of female children: a study in Dibrugarh Town, Assam

Authors: Viveka Gupta; Jutimala Bora

Addresses: Dibrugarh University, Dibrugarh, Assam 786004, India ' Dibrugarh University, Dibrugarh, Assam 786004, India

Abstract: A person's existence will significantly evolve when they become a parent. There is a need for parents to be financially prepared to fulfil their children's dreams. The main purpose of the research paper was to know the preferences of the Indian parents regarding the various different saving and investment avenues for their female children. The study was carried out among 335 government employees of Dibrugarh Town, Assam, India. The present study concludes that parents preferred Sukanya Samriddhi Yojana, life insurance and bank fixed deposits as the first, second and third best investment options for their female children. Saving for girl child, like any other financial aim, should be done in accordance with one's financial goals. It involves choosing appropriate financial products that ensure both the growth of money and the availability of funds whenever required for the child.

Keywords: female children; government employees; investment options; parent; saving; investment; inclination; financial aim; Dibrugarh Town; Assam.

DOI: 10.1504/IJICBM.2026.154070

International Journal of Indian Culture and Business Management, 2026 Vol.38 No.1, pp.20 - 47

Received: 04 Mar 2023
Accepted: 21 Dec 2023
Published online: 11 Jun 2026 *

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