Post Office Savings Scheme for Girl Child

As women are being recognized for their leadership and achievements, parents are shifting their focus on educating their daughters instead of marrying them off. Most of the Post Office Savings Schemes can be used by new parents to start saving for their young daughters. Apart from the backing of the Indian government, these schemes also attract higher interest rates and the safest returns.

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List of Post Office Savings Scheme for Girl Child

India Post offers a range of savings avenues that you can explore as parents of a daughter. These accounts earn an interest rate on the deposits made. Below mentioned are the schemes for the girl child:

  1. Sukanya Samriddhi Yojana

    It is a post office scheme for girl children introduced under the Beti Bachao Beti Padhao initiative by the Government of India. Parents of daughters aged below 10 years can deposit a fixed sum every month to earn interest on the sum. Its features include:

    • Deposits can be made under this post office scheme for a period of 14 years.

    • The account matures either when the girl child gets married or on completion of 21 years.

    • Only 50% of the deposits can be withdrawn before the maturity date, and this is possible when the girl reaches the age of 18.

    • The Sukanya Samriddhi Yojana account earns an interest of 8.0%.

  2. PLI Children Policy - Bal Jeevan Bima

    PLI Bal Jeevan Policy is an insurance scheme designed for children aged 5 to 20 years. It can be purchased by parents with existing cover under PLI’s whole-life assurance and endowment assurance insurance plans. Key features include:

    • Waiver of premiums in the event of the parent's death.

    • Death and maturity proceeds inclusive of accrued annual bonus at the rate of Rs. 52 per Rs. 1000 sum assured.

    There are several other insurance plans offered by Postal Life Insurance like post office savings scheme for girl child, post office child plan for girls. These are available at reasonable premiums and can be bought by anyone looking to secure their family’s future. 

  3. Public Provident Fund (PPF) 

    Public Provident Fund (PPF) is a government of India small savings instrument. Parents can open a PPF account for their young daughters to save for their futures. On maturity, the full amount along with interest is offered to the girl child.

    Features of PPF include:

    • Parents can open a 15-year PPF account in the name of their girl child.

    • The PPF account earns interest at the rate of 7.10% compounded yearly.

    • A minimum and maximum annual deposit of Rs. 500 and Rs. 1.5 Lakhs can be made in the account.

    • In addition to PPF, there is the option of the post office scheme for girls, also known as the post office savings scheme for girl child, providing an excellent financial security option for parents.

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  4. National Savings Recurring Deposit Account

    • It allows parents to save small amounts on a regular basis to help meet future needs. 

    • Legal guardians or parents can open this India Post savings account for their girl child if she is a minor. 

    • Interest is paid on the deposit at a rate of 6.5% per annum.

    • A monthly minimum deposit of Rs. 100 is required. The maximum amount that can be deposited is unlimited.

    • The account matures after 5 years from the date it was opened. However, it can be extended if you like.

  5. Post Office Savings Account

    This India Post new plan for girl child, known as the post office savings scheme for girl child, can be opened by your daughter if she is above the age of 10 years. If not, you can open one on her behalf.

    • When the child reaches the age of 18, she must submit a new application form and KYC documents.

    • The deposit earns 4.0% in interest per annum.

    • When opening the account, a minimum deposit of Rs. 500 is required.

    • The maximum amount that can be deposited is unlimited.

  6. Kisan Vikas Patra

    It is a small savings scheme, Kisan Vikas Patra can double your deposits in 124 months. The account requires the parents of the girl child to submit a PAN card if the investment is more than Rs. 50,000. 

    • Income source proof is required for investments above Rs. 10 lakhs.

    • A girl child aged 10 and up can open an account in her name. A single child can have multiple KVP accounts under her name.

    • A minimum deposit of Rs. 1000 is required. There is no maximum amount that the parents of a girl child can deposit.

    • The annual compound interest rate is 7.5% per annum. This makes it a great addition to the post office scheme for girls.

    People also read: Child Education Plan

  7. National Savings Certificates (NCS)

    It is a savings instrument by India Post that allows parents to save for their daughters’ future while saving on taxes. Further, the lock-in period of 5 years ensures that no one can withdraw any sum before this period. 

    • The interest is compounded annually at a rate of 7.7%. The accrued interest is paid out at maturity.

    • Parents shall have to deposit a minimum of Rs. 1000. There is no upper limit.

    • A minor over the age of ten, as well as the parents of a girl child, can invest in this post office scheme for girls 

    This Post Office Scheme for girl child can help you save small amounts while earning interest on the same. Your daughter will be entitled to the entire sum along with the accrued interest. She can use these funds to fulfill her dreams and aspirations, or you can use this to finance her higher education.

  8. Post Office Term Deposit 

    • Post Office Term Deposit (POTD) is a fixed deposit post office scheme for girl child offered by the Indian Postal Service.

    • The interest rate for the scheme ranges between 6.90% – 7.50% p.a

    • POTD accounts can be operated individually or jointly, offering flexibility to investors.

    • Minimum deposit is INR 1000 with subsequent deposits in multiples of INR 100.

    • Withdrawal is not allowed before six months from the date of deposit.

    • POTD accounts can be pledged or transferred as security with the prescribed application form.

    • Benefits include guaranteed returns, tax deduction eligibility under Section 80C for 5-year deposits, and independent operation for minors above 10.

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The schemes align with the broader societal goal of gender equality and women's empowerment. It provides a platform for girls to grow into self-reliant, educated, and economically stable individuals, thereby breaking the shackles of traditional gender norms.


  • Which savings scheme is best for a girl child?

    • Sukanya Samriddhi Yojana

    • PLI Children Policy Bal Jeevan Bima

    • Public Provident Fund (PPF)

    • National Savings Recurring Deposit Account 

    • Post Office Savings Account

    • Kisan Vikas Patra

    • National Savings Certificates (NCS)

    • Post Office Term Deposit 

  • What is the PM scheme for girl children?

    The Prime Minister's Scheme for Girl Children is Sukanya Samriddhi Yojana. It is a government backed savings scheme aimed at securing the financial future of girl children in India. Launched under the Beti Bachao, Beti Padhao campaign, this scheme encourages parents and legal guardians to invest in their daughters future from an early age.

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^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

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