Full formBanking & Finance
IKDstands forIndira Kalyan Dhan
Full Form of IKD
What is IKD?
Indira Kalyan Dhan (IKD) is a government-backed savings scheme designed for the welfare of girl children in India. Launched as part of the Beti Bachao Beti Padhao initiative, IKD accounts are opened in the name of girl children with the aim of promoting financial inclusion and securing their future. The scheme allows parents or guardians to deposit funds that can be used for the girl child's education, marriage, or other life events. IKD accounts are typically offered by public sector banks and provide attractive interest rates, tax benefits, and flexible deposit options. The scheme is widely used across India, especially in rural areas, to encourage savings for daughters. For students and exam aspirants, IKD is often a topic in banking awareness sections of competitive exams like IBPS PO, SSC, and UPSC, where candidates must know about government schemes for women and children. The account can be opened with a small initial deposit and offers special features like overdraft facility. The scheme has helped millions of families, contributing to the empowerment of girls and financial stability. Overall, IKD plays a crucial role in the government's efforts to improve gender equality and financial literacy.
IKD का फुल फॉर्म
इंदिरा कल्याण धन
Example
Under the Beti Bachao Beti Padhao scheme, my parents opened an IKD account for me, and the accumulated savings helped fund my higher education.
IKD — frequently asked questions
What is the full form of IKD?
The full form of IKD is Indira Kalyan Dhan, a savings scheme for girl children under the Beti Bachao Beti Padhao initiative.
How can I open an IKD account?
An IKD account can be opened at any public sector bank in the name of a girl child below 10 years by a parent or guardian with KYC documents.
What are the benefits of IKD?
IKD offers attractive interest rates, tax deductions under Section 80C, and flexibility in deposits, helping secure the girl child's future.