Today the first installment of the Lakshmi Yojana will start crediting in the accounts of the women of Delhi. But we are here to explain the full process on how you can spend this money.
Women found eligible for the scheme will get Rs. 1,000 in their CDBC wallet today. The balance Rs.1,500 will be put in a Fixed Deposit (FD) account that will be given as a lump sum in 2029. If you are also confused about whether the money will come to your account, how to use it as it is going to the wallet instead of a bank account or how to check the status of your Delhi Lakshmi Yojana application, let’s find the answer to all these questions.
What is the CDBC Wallet and How Will It Work?
The money which will be deposited into the accounts of Delhi’s women today will be in the form of e-rupees. That means you can’t take this money out of an ATM. However you can spend it like regular currency. The important thing to note here is that this money can be spent only in places that accept e-rupees.
For this you have to download the e-Rupees wallet of the bank in which your account is in your mobile phone.
For instance, in case your account is with HDFC Bank. Then, download the HDFC Bank Digital Rupee application from the Play Store.
Login: Please accept the terms and conditions and login with the mobile number registered with your bank account.
Create PIN: Enter your name and create a PIN number . Make sure you save this PIN in a safe place.
Complete eKYC: Enter your Debit Card number and PIN to complete the eKYC process.
Wallet Ready – A wallet will be created and Rs. 1,000 will be credited in this wallet.
Payments: Payments can be made from this wallet just like any other payment app.
What happens to the remaining Rs. 1,500 of Delhi Lakshmi Yojana?
Women are entitled to get Rs. 2,500 every month under the Delhi Lakshmi Yojana. However, only Rs. 1,000 will be credited in your wallet each month. The remaining Rs. 1,500 will be invested in a Fixed Deposit. This money with interest will be paid in one go after 3 years. But it is talked that the government may review this FD component after 2 years.
Will the Money Land in Your Account?
If you have got the approval letter of Delhi Lakshmi Yojana then from today the money will start coming in your account every month. Moreover, you will get the benefits under this scheme if you fulfill the eligibility criteria and your application form has been accepted. You can click on ‘Delhi Lakshmi Yojana’ to know more about the eligibility conditions.
Procedure to Check Status of Delhi Lakshmi Yojana
If you want to check the status of your Delhi Lakshmi Yojana application then you have to visit the official portal dly.delhi.gov.in. You can check the status of your application by clicking on “Track Application” in this portal.