- It is launched as a part of the ‗Beti Bachao Beti Padhao’ campaign.
- It is a small deposit scheme for girl child to motivate parents to open an account in the name of a girl child and for her welfare to deposit maximum of their savings.
- The account can be opened at any time from the birth of a girl child till she attains the age of 10 years in any post office or authorized branches of commercial banks.
- A minimum of Rs. 1000 and maximum of Rs. 1.5 lakh can be deposited during a financial year and fetch an interest rate of 9.1 % and provide income tax rebate.
- The account will get matured in 21 years from the date of opening of account or marriage of the girl child after attaining 18 years of age.
- Partial Withdrawal for girl child education can be done when she cleared 10th class or turned 18 years.
- 100% of the amount can be withdrawn after girl child turns 18 is allowed and the provision of not allowing the withdrawal till the age of 18 is to prevent early marriage.