Scheme Launch Date:
The Lokmanya Vidya-Dhan Yojana will officially commence on 2 June 2025. This marks the beginning of a special term deposit scheme tailored for professionals in the education sector. The scheme aims to provide financial growth through a secure investment opportunity.

Scheme Closing Date:
The scheme will remain open for enrollment until 31st July 2025. Investors are encouraged to act swiftly, as this is a limited-period opportunity designed to deliver high returns with minimal risk.

Fixed Deposit Tenure:
The investment under this scheme will be locked in for a fixed duration of 18 months. This defined period ensures predictable and stable interest earnings, making it ideal for mid-term financial planning.

Minimum Deposit Amount:
Investors can participate with a minimum deposit of ₹10,000, making this scheme affordable and inclusive for educators and academic staff across various income levels.

Maximum Deposit Amount:
There is no upper limit on the amount that can be deposited. Investors are free to invest according to their financial goals, offering complete flexibility in terms of capital contribution.

Base Interest Rate:
The scheme offers a highly competitive interest rate:

• 10.50% per annum simple interest for general investors.

• 11.00% per annum for senior citizens and bulk deposits, providing additional incentives for higher-value investments and retirees.

Eligible Participants:
The scheme is exclusively designed for the education sector, including:

• Teaching staff

• Non-teaching staff

• Contractual employees working in schools, colleges, universities, and other recognized educational institutions.

Joint Account Facility:
Joint accounts are permitted with close family members, including:

• Spouse

• Parents

• Son or Daughter
  However, the primary account holder must be an eligible employee in the education sector.

Loan Facility Against Deposit:
Investors can avail a loan up to 90% of the deposited amount, offering liquidity without breaking the deposit. The loan will carry an interest rate of 2% above the scheme’s deposit interest rate, ensuring quick access to funds during emergencies.

Premature Closure Facility:
Premature withdrawal is allowed with an interest deduction of 2.5% per annum from the applicable interest rate. This provides a balance between flexibility and long-term commitment.

Documentation Required:
At the time of investment, individuals must submit valid proof of identity (ID). Additional documentation confirming employment in the education sector may be required.

Additional Features:

• Safe and secure investment backed by a reputed financial institution.

• Attractive returns compared to traditional FDs.

• Designed to support financial planning for educational professionals and their families.