The salient features of the scheme are as follows

• Account can be opened in the name of a girl child till she attains age of 10 years
• only one account can be opened in the name of a girl child
• Account can be opened in authorized branches of the bank only.
• Birth Certificate of the girl child in whose name the accounts is opened must be submitted
• Account can be opened with a minimum of Rs. 1000/- and thereafter any amount is multiple of Rs. 100/- can be deposited. A minimum of Rs. 1000/- must be deposited in a financial year.
• Interest as may be notified by the Government from time to time will be calculated on yearly compounded basis and credited to the account.
• Maximum Rs. 1,50,000/- can be deposited in a financial year.
• One withdrawal shall be allowed on attaining the age of 18 years of account holder to meet education/Marriage expenses at the rate of 50% of the balance at the credit of preceding financial year.
• The account can be transferred anywhere in india from one bank to another.
• 10 The account shall mature on completion of 21 years form the date of opening of account