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Oxxy to make a fixed deposit of Rs 11,000 for every girl child born in India


21 Jun 2013
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Oxxy, one of the largest healthcare networks in India, announced to make a fixed deposit of Rs 11,000 for every girl child born in the country. The announcement was made after women players made India proud in Rio Olympics.

"Oxxy's vision is to have next generation in India extremely healthy where girls are treated with respect and at par with the boys. After the bronze and silver medals in the recent Olympics, Oxxy is helping every girl child born in India to aim for gold," said Sheetal Kapoor co-founder of Oxxy, one of the largest healthcare networks in India.

Elaborating, Kapoor said, "There will be zero financial contribution from the parents and the entire allocation of funds will be made by Oxxy on its own. Having a baby girl is a joy and as a parent there are various aspects they need to keep in mind while raising a girl: saving for her higher education, professional goals and marriage."

"Oxxy's Girl Development Programme is available for every expecting mother to register and save for the bright future of her child. Oxxy is evaluating banks with nation-wide reach and visibility which will commit to a long-lasting relationship and are capable of handling high traffic of savings accounts," Kapoor said.
According to Pankaj Gupta, director, Oxxy "Keeping in mind that everyday approximately 50,000 children are born in India, we are expecting about 5,000 registrations per day. We will be opening savings accounts for all of them and make an FD for baby girls which they will be able to encash when the girl will turn 18. This plan was developed with a specific agenda and unlike the PPF, its time frames and mode of working are designed keeping a girl's need in mind. Its absolutely free to avail the benefits of this plan."

Oxxy will educate expecting mothers about the timely tests and precautions as per global standards. This will ensure better health for mother and baby post-delivery. These steps will also help bringing down the infant mortality rate in the country.

Oxxy has been working in healthcare for more than 3 years now and has screened more than 15 million so far which in itself is a record.

Oxxy to make a fixed deposit of Rs 11,000 for every girl child born in India - Times of India
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