The account may be opened by one of the guardian in the name of a girl child, who has not attained the age of ten years

Both guardian and girl child shall be resident citizen of India at the time of opening of account.

Every beneficiary (girl) can have single account.

  • Account can be opened for maximum two girl children in one family.
  • More than two accounts may be opened in a family if such children are born in the first or in the second order of birth or in both, on submission of an affidavit by the guardian supported with birth certificates of the twins/triplets regarding the birth of such multiple girl children in the first two orders of birth in a family. (Provided further that the above proviso shall not apply to girl child of the second order of birth, if the first order of birth in the family results in two or more surviving girl children.)
  • NRIs are not eligible to open these accounts.
Investment

Rs 250/- to Rs 1,50,000 Per Financial Year