A Jammu & Kashmir Government meant for new born girl child of the State born on or after 01st April 2015. The objective of the scheme is to arrest the declining female sex ratio and reduce the financial burden of the girl’s parents.  The scheme further intends to ensure that the girl child does not become a burden for the parent or guardian at the time of her marriage.

The scheme is a hybrid deposit plan having two phases:
Phase I: A recurring deposit for 14 years having date of completion as one month after the last installment received in the account.
Phase II: A Cumulative Term Deposit (CCR) for 07 years.

The monthly contribution in Phase I is made by the J&K Govt.

  • Recurring deposit account under this scheme shall be opened by the natural or legal guardian of the girl child.
  • A contribution of Rs. 1000/- per month will be made by J&K Government from the birth of the girl child / account opening date for the next 14 years.  (A total of Rs. 168000/- only will be contributed by the state.) 
  • No credits other than monthly contribution of Rs. 1000/- by J&K Government is to be allowed in Phase I (RD Account) 
  • After the maturity of Phase I (recurring deposit account) the account will graduate to Phase II (Cumulative Term Deposit account).
  • No partial drawls or Foreclosure will be allowed under any circumstances during any phase. 
  • Maturity benefits under the scheme will be paid to the beneficiary on completion of 21 years of age or 21 years after the first installment or 85 months after the last installment whichever is later by crediting the saving bank account of the girl child. However, the girl child is at liberty to reinvest the amount in any deposit plan of the bank at card rates.
  • Nomination facility will not be applicable in scheme. In an unfortunate event of the death of the girl child, the account will be closed immediately and the balance amount along with interest accrued will revert to the state of J&K. 
  • In the event of death of the beneficiary before she attains 21 years of age, the amount in the Recurring Deposit account / Term Deposit account shall be closed before maturity without pre-payment charges and paid by the branch concerned to the CDPO of the District, who shall deposit the same into an appropriate Government account.  
  • The account opened at a particular branch may not be transferred to any other branch even if the girl child in whose name the account stands shifts to a place other than the city or locality where the account stands.
  • The beneficiary / parent or guardian of beneficiary shall produce ‘life certificate of the beneficiary (girl child)’ certified by a gazetted officer or by the principal of school/ college where she is enrolled before the concerned bank branch after every three years and at the time of maturity.
  • As scheme is aimed at households having annual income less than 75000/- The TDS shall not be deducted as long as the guardian / beneficiary furnishes form 15G/15H every year and has a valid PAN
  • Girl Child born on or after 01/04/2015 whose applications are complete in all respect accompanied with sanction letter from Child Development Project Officer (CDPO) of the selected domiciliary district (Anantnag, Budgam, Jammu, Kathua, Pulwama, Samba).
  • Girl child born to parents whose annual income from all sources is less than Rs 75000
  • Application Form
  • KYC Norms of Parent/ Guardian
  • sanction letter from Child Development Project Officer