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BMC switches to India Post for its scheme for schoolgirls

Civic body found banks took a lot of time to process attendance aid

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A girl student gets the matured amount when she turns 18. Representation pic/Ashish Raje

A girl student gets the matured amount when she turns 18. Representation pic/Ashish Raje

The BMC this year switched to the India Post for its scheme for girl students in its schools. The process for creating fixed deposits for the same took a lot of time in banks, and hence the BMC decided to deposit the money in the post office.

“This year, the BMC deposited R6.13 crore for 15,352 girl students. It means the BMC gives R1 per day as attendance allowance for every girl student. The FD for the same will mature when the girl completes 18 years of age,” an official said about the scheme, which was started to encourage girls to go to school.

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