udaan

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Features & Benefits

Interest Rate 10.50% (Simple and Quarterly Payouts)

Minimum Investment Rs. 10,000/-

Term of Deposit 30 Months

Additional interest rate 0.50% for Senior Citizen

Scheme Details

Scheme Launch Date:
The Lokmanya Anandotsav Nivesh Yojana will officially commence on 30th August 2025, launched on the occasion of completing 30 successful years of Lokmanya.
Scheme Closing Date:
The scheme will remain open for investment until 31st October 2025 (Limited Period Offer). Investors are encouraged to act quickly, as this scheme is available only for a short festive period.
Fixed Deposit Tenure:
The investment under this scheme will be locked in for a fixed duration of 30 months (2 years 6 months), ensuring steady and attractive returns.
Minimum Deposit Amount:
Investors can start with a minimum deposit of ₹10,000. There is no maximum limit, making it suitable for both small and large investors.
Interest Rate:
- Effective Rate: 10.50% p.a. (Simple or Quarterly Compounding options available)
- Senior Citizens (60+): Additional 0.5% → 11% p.a.
- Bulk Deposits (₹10 Lakhs & above): Additional 0.5% p.a.
  (Note: Only one additional benefit of 0.5% can be availed.)
Premature Withdrawal Terms:
- For Simple FD: Permitted with a 2.5% p.a. penalty on the applicable rate for the completed period.
- For Compound FD (Reinvestment Option):
  - Closure before 1 quarter → Simple interest, minus 2.5% penalty.
  - Closure after 1 quarter but before 1 year → Quarterly compounded interest, minus 2.5% penalty.
  - Closure after 1 year but before maturity → Interest at applicable reinvestment deposit rate, minus 2.5% penalty.
Loan Facility:
- Loans up to 90% of the deposit amount can be availed.
- Loan Interest Rate: 2% higher than the applicable deposit rate.