A natural/legal guardian on behalf of a Girl Child can open the account.

The account can be opened until the girl child attains the age of 10 years.

Up to two girl children or three in the case of twin girls as the second birth or the first birth itself results in three girl children.

The minimum initial deposit is Rs. 250 with a multiple of fifty rupees thereafter, and the annual ceiling is Rs. 150,000 in a financial year.

The deposit has a tenure of 21 years from the date of opening of the account.

Deposits can be made for a maximum period of 15 years from the date of opening of the account.

The interest rate is as notified by the Government of India, compounded annually with an option for monthly interest payouts to be calculated on the balance in completed thousands.

Yes, a tax rebate is available as applicable under section 80C of the Income Tax Act, 1961

Irregular payment/revival can be done by payment of a penalty of Rs. 50 per year along with the minimum specified amount per year.

50% of the balance lying in the account as of the end of the previous financial year can be withdrawn for the purpose of higher education, or marriage after attaining the age of 18 years.

Yes, premature closure is allowed in the event of the death of the depositor or in cases of extreme compassionate grounds such as medical support in life-threatening diseases, to be authorized by an order by the Central Government.

Yes, the account can be closed by providing an affidavit and relevant proof of marriage in case of the marriage of the girl child above 18 years of age.