Delhi Lakshmi Yojana RD maturity set for July 2029, year of next Lok Sabha polls

The Delhi Lakshmi Yojana recurring deposit scheme will mature on July 31, 2029, according to the latest information. This date coincides with the year of the upcoming Lok Sabha elections, as stated in a document. Applicants can register without an Aadhaar card by providing an alternative document like a PAN card, ration card, or voter identity card.

The scheme allows for the possibility of adjusting the maturity date after two years following its launch. Eligible women will receive ₹2,500 monthly, with ₹1,500 deposited into a recurring deposit account and ₹1,000 transferred to a Central Bank Digital Currency wallet. The RD will remain locked until July 31, 2029, earning interest at the current rate.

The Central Bank Digital Currency wallet will have restrictions on spending, preventing purchases of certain items. Aadhaar authentication may fail in some cases, but beneficiaries can use iris or face authentication, or a verified physical Aadhaar letter with a QR code. The Delhi Lakshmi Yojana, launched on August 26, aims to support up to 17 lakh beneficiaries across the city, targeting women aged between 21 and 60 who have resided in Delhi for at least ten years and are registered voters.