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Scheme for Women and Girls
• Launched in Budget 2023. Available for two years up to March 2025.
• Risk-free scheme for women and girls of all age groups.
• Maximum deposit facility of up to Rs 2 lakh for a two-year term.
• Encourages more women to adopt formal financial saving instruments.
• Eligibility: Individual women or minor accounts can be opened by the guardian.
• Amount of deposit: Minimum Rs 1000 and any amount in multiple of one hundred rupees.
• Rate of interest at 7.5%, compounded quarterly.
• The period of maturity: Two years from opening of account.
• The facility of opening multiple accounts available with a gap of three months minimum.
• Total deposits shall not exceed Rs 2 lakh.
