Yes, there is a post office saving scheme for girl child, especially introduced for their welfare and education. The name of the scheme is Sukanya Samriddhi Yojana (ssy). The scheme that was launched in 2014 is a part of government's 'beti bachao beti padhao' campaign.

Features, benefits and eligibility conditions

• The plan can be opened either by parents of legal guardians for a maximum of 2 girl children. In case of triplets, authentic certificates from the medical institutions need to be submitted to open the account.
• The account can be opened exclusively in the name of the girl child any time from her birth until she turns 10.
• The parents or legal guardian can go to either a post office or authorized bank where they hold an account to open sukanya samriddhi yojana (ssy).
• Only a single account can be opened for one girl child who needs to be a resident of india for the entire policy period.
• While the minimum amount that needs to be deposited in the account unfailingly every year is ?1,000, the maximum deposit can be ?1,50,000. One can deposit this amount in multiple transactions.
• The amount has to be deposited until the child turns 14. In case of the failure in depositing the minimum amount, a fine of ?50 will be levied on the defaulter.
• In case of relocation of the girl child, the account can be transferred by paying a charge of ?1,000.
• Although the account can be closed when the child turns 21, in extreme situations like the death of the depositor or the depositor contacts a life threatening disease, the account is allowed to be closed. However, authority of the central government needs to be received before that.
• The account can also be continued after the age of 21 and the interest will be received as before.
• For taking care of her education or marriage, 50% of the total balance is allowed for withdrawal once the girl child reaches the age of 18 years
• Income tax benefit under section 80c is available under the plan.

Eligibility

From the birth of the girl child till she turns 10, the account can be opened.