Investment Options for Girl Child in India 2024

Explore investment options for your girl child's future financial security and growth.
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Investment Options for Girl Child
Open FD
3 min
26-December-2025

Securing a bright future for your daughter begins with thoughtful and disciplined financial planning. From education and skill-building to marriage and independence, long-term savings play a crucial role in supporting her aspirations.

The Indian government and financial institutions offer multiple saving schemes designed specifically to help parents build a corpus for their girl child. These options vary in terms of risk, returns, lock-in periods, and flexibility. Choosing the best saving scheme for a girl child isn’t just about maximising returns—it’s about balancing safety, accessibility, and growth at different life stages.

Many parents choose to start with fixed deposits as a stable base investment before gradually adding market-linked options. Invest and start earning up to 7.30% p.a. with Bajaj Finance FDs.

Top 5 schemes for a girl child in India

Fixed deposits (FD)

A fixed deposit is one of the simplest and most reliable saving options for parents looking to build a secure fund for their daughter. The amount invested earns interest at a predetermined rate for a fixed tenure, and the principal along with interest is paid at maturity.

Parents can invest in FDs offered by banks, NBFCs, or post offices. Financial institutions like Bajaj Finance offer competitive FD interest rates of up to 7.30% p.a., making FDs a popular choice for goal-based savings. Book FD.

Here’s a quick look at why FDs work well for a girl child’s financial planning:

  • Fixed deposits offer flexible tenures, typically ranging from a few days to several years
  • Parents can choose interest payout options—monthly, quarterly, half-yearly, annually, or at maturity
  • FDs provide guaranteed and predictable returns, unaffected by market fluctuations
  • Premature withdrawals are allowed, offering liquidity during emergencies
  • FD receipts can be used as collateral for loans, helping fund higher education needs

A long-term FD can quietly compound in the background while you focus on your child’s milestones. Check latest FD rates offered by Bajaj Finance.

Fixed Deposit

  1. Trusted by over 5 lakh customers
  2. Fixed Deposits worth more than Rs. 50,000 crore booked
  3. Rated CRISIL AAA/STABLE and [ICRA]AAA(STABLE)
  4. Up to 0.35% p.a. extra interest offered for senior citizens
  5. Flexible interest payout options available - Monthly, Quarterly, Half-yearly, Annually or at Maturity

By proceeding, you agree to our Terms and Conditions

Sukanya Samriddhi Yojana (SSY)

Launched in 2015 under the Beti Bachao Beti Padhao initiative, SSY is a government-backed scheme exclusively for girl children. Parents or guardians can open an account for a girl below 10 years of age at a bank or post office.

Key features of SSY include:

  • Minimum annual contribution of Rs. 250 and maximum of Rs. 1.5 lakh
  • Interest rate (for FY 2024–25) at 8.2% p.a., compounded annually
  • Contributions required for 15 years, with maturity after 21 years
  • Partial withdrawals allowed for education and marriage expenses
  • Eligible for EEE (Exempt–Exempt–Exempt) tax treatment

SSY is ideal for long-term, disciplined savings but comes with limited flexibility.

Children Gift Mutual Funds

Children Gift Mutual Funds are designed to help parents invest for long-term goals like higher education or marriage. These funds allow parents to harness the power of compounding over time.

Key features include:

  • Investments made by parents or guardians on behalf of the minor
  • Choice between equity, debt, or hybrid funds based on risk appetite
  • Lock-in until the child turns 18
  • Flexibility to increase or reduce contributions over time
  • Suitable for meeting education-related expenses such as tuition, accommodation, and books

Many parents balance mutual fund investments with fixed deposits to manage volatility while ensuring stability. Start a Bajaj Finance FD account with as low as Rs. 15,000.

Unit Linked Insurance Plan (ULIP)

ULIP-based child plans combine investment and insurance, offering both wealth creation and financial protection. These plans ensure that the child’s future remains secure even in the parent’s absence.

Key benefits include:

  • Can be purchased by parents or grandparents
  • Choice of equity, debt, or balanced funds
  • Policy tenures usually range from 10 to 15 years
  • Partial withdrawals allowed after the lock-in period
  • Dual benefit—insurance payout on parent’s demise and fund value at maturity

ULIPs suit parents looking for long-term planning with built-in life cover, though they involve market risk.

National Savings Certificate (NSC)

NSC is a government-backed fixed-income savings scheme available through post offices. It is ideal for parents with a low-risk appetite who want capital protection and steady returns.

Key features of NSC include:

  • Minimum investment starting at Rs. 1,000
  • Fixed interest rate revised quarterly by the government
  • Interest compounded annually and paid at maturity
  • Eligible for Section 80C tax deduction
  • Lock-in period of 5 years
  • Can be used as collateral for education loans

NSC works well as a supplementary savings option alongside other long-term instruments.

Fixed deposit variants

Highest Credit Ratings | Trusted with over 1.4 million Deposits | Assured Returns on FD
Recommended

Fixed Deposit - 60 Months

INTEREST RATES UP TO
7.30% p.a.
Invest Online

Fixed Deposit - Senior Citizen

INTEREST RATES UP TO
7.30% p.a.
Invest Online

Fixed Deposit - Age below 60

INTEREST RATES UP TO
6.95% p.a.
Open FD

Fixed Deposit - Minor

INTEREST RATES UP TO
6.95% p.a.
Open FD

Fixed Deposit - HUF

INTEREST RATES UP TO
6.95% p.a.
Open FD

Fixed Deposit - Sole Proprietor

INTEREST RATES UP TO
6.95% p.a.
Open FD

Conclusion

Planning early and investing smartly can make a significant difference in securing your daughter’s future. Each saving scheme for a girl child serves a distinct purpose—some focus on safety, others on growth, and a few on long-term discipline.

Rather than relying on a single option, parents can create a balanced portfolio by combining risk-free instruments like fixed deposits with long-term, market-linked investments such as mutual funds or ULIPs. This approach helps manage risk while steadily building a meaningful corpus for life’s important milestones.

Investment calculators

NSC investments

SSY Calculator

PPF Calculator

NSC investments

Provident Fund Calculator

Gratuity Calculator

FAQs

Why do parents include FDs along with market-linked investments?

FDs provide stability and assured growth, helping balance the risks associated with equity-based investments.

Check out the latest FD rates offered by Bajaj Finance on FDs and start investing now with as low as Rs. 15,000.

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Disclaimer

As regards deposit taking activity of Bajaj Finance Ltd (BFL), the viewers may refer to the advertisement in the Indian Express (Mumbai Edition) and Loksatta (Pune Edition) furnished in the application form for soliciting public deposits or refer https://www.bajajfinserv.in/fixed-deposit-archives
The company is having a valid Certificate of Registration dated March 5, 1998 issued by the Reserve Bank of India under section 45 IA of the Reserve Bank of India Act, 1934. However, the RBI does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for repayment of deposits/discharge of the liabilities by the company.

For the FD calculator the actual returns may vary slightly if the Fixed Deposit tenure includes a leap year.