Girl Child Prosperity Account
At the time of launch, only the deposits in the account were eligible for tax deduction under Section 80C of the Income Tax Act,
The maximum age of this child should be 10 years. However a grace period of 1 year is granted
By mid-March 2015, within 2 months of launch, 1,80,000 accounts had been opened under the scheme.
The Account shall mature on completion of a period of twenty-one years from the date of its opening.