Once the application is approved, the respective administration agency will open a bank account in the local bank or post office in the name of the applicant's girl child. All the incentives from NSIGSE will be deposited in this account as a fixed-term deposit.
Further, the beneficiary will be provided with a passbook that acts as proof of her being an NSIGSE account holder. She can use this passbook to check her account balance anytime she wants. Besides, the scheme also offers an internet banking facility to help beneficiaries check their account balance online without having to visit the post office or bank.
Below are some other important factors to learn about the NSIGSE scholarship incentive:
The incentives are released by the central government to the respective UT or state authorities, which in turn transfer the amount to the bank accounts of the beneficiaries.