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Minimum deposit ₹ 250/- Maximum deposit ₹ 1.5 Lakh in a financial year.
Account can be opened in the name of a girl child till she attains the age of 10 years.
Only one account can be opened in the name of a girl child.
Account can be opened in Post offices and in authorised banks.
Withdrawal shall be allowed for the purpose of higher education of the Account holder to meet education expenses.
The account can be prematurely closed in case of marriage of girl child after her attaining the age of 18 years.
The account can be transferred anywhere in India from one Post office/Bank to another.
The account shall mature on completion of a period of 21 years from the date of opening of account.
Deposit qualifies for deduction under Sec.80-C of I.T.Act.
Interest earned in the account is free from Income Tax under Section -10 of I.T.Act.

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