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. 250/- and thereafter any amount is multiple of Rs. 50/- can be deposited. A minimum of Rs. 250/- 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