| Purpose | One time lump sum amount, as decided by the Court / Tribunal, deposited to receive the same in Equated Monthly Instalments (EMIs), comprising a part of the principal amount as well as interest. |
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| Eligibility | Individuals including Minors through guardian in single name. |
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| Mode Of Holding | Singly |
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| Deposit Amount | i. Maximum: No Limit
ii. Minimum – Based on minimum monthly annuity Rs. 1,000/- for the relevant period |
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| Tenure | 36 to 120 months. Deposit for longer period (more than 120 months) will be booked as per direction of the Court. |
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| Rate Of Interest | Prevailing rate of interest as per tenure |
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| Loan Facility | No loan or advance permitted under the scheme |
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| Nomination | Available (as per directions of the court) |
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| Premature Closure | Premature closure will be made with permission of the court. |
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| TDS | Interest payment is subject to TDS as per Income Tax Rules. |
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