Higher Education Deposit Scheme (HED): 

The revised initial deposits for different categories of HED:

Notes:

1. In case of providing credit facilities against scheme deposits opened from 01 February 2022, above stated interest rates are to be used in determining Minimum Lending rate.
2. Other than the revisions mentioned above, all other features of the respective scheme deposit will remain unchanged until further notification.
3. The Scheme Deposits opened on or before 31 January 2022 will continue as it is. Revised interest rate, payment schedule and tenure will be applicable for those schemes opened or renewed from 01 February 2022.
4. Excise Duty, Vat and Income Tax are to be realized from the account as circulated by the Government time to time.
5. The calculations of deposit schemes shown above have been calculated excluding Excise Duty, VAT, Income Tax and other charges (if any). The matured value / receivable amount of above Scheme Deposits can differ due to deductions as per Government rules.
6. Installment amounts of Scheme Deposits have been rounded off.