Interest:
8.1% Per Annum
Account Openings:
-Minimum INR. 1000/-and Maximum INR. 1,50,000/- in a financial year. Subsequent deposit in multiples of INR 100/- Deposits can be made in lump-sum No limit on the number of deposits either in a month or in a Financial year
-A legal Guardian/Natural Guardian can open an account in the name of Girl Child
-A guardian can open only one account in the name of one girl child and maximum of two accounts in the name of two different Girl children.
Requiremnts:
-The account can be opened up to age of 10 years only from the date of birth. For initial operations of Scheme, one year grace has been given. With the grace, Girl child who is born between 2.12.2003_ &1.12.2004 can open account up to1.12.2015.
-If minimum Rs 1000/- is not deposited in a financial year, an account will become discontinued and can be revived with a penalty of Rs 50/- per year with minimum amount required for a deposit for that year.
Withdrawals:
Partial withdrawal, maximum up to 50% of the balance standing at the end of the preceding financial year can be taken after Account holder's attaining age of 18 years.
The account can be closed after completion of 21 years.
The normal Premature closure will be allowed after completion of 18 years_/provided that girl is married.
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