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Gyan Dipika Scheme

Target Group :

Parents/ Guardians of students pursuing school education from Nursery standard to 12th Standard.

Eligibility Criteria :


  • Should be an Indian national residing in India.
  • Student should have secured admission to a Recognized/Affiliated and Reputed School/High School / Junior School / College (including
  • CBSE/ICSE/State Board) for courses under Nursery standard to 12th Standard identified/ approved by the respective Zonal Office of the Bank.
  • Purpose :


  • Admission fees including caution money, building fund, refundable other deposits, maintenance fees etc.
  • Annual fees including Development fees, Examination fees, Library/ Laboratory fees, Hostel charges and other fees related to Hostels, purchase of Books, Equipment, Uniforms, Computer etc.
  • Tuition Fees to be paid in advance on quarterly/half-yearly/yearly basis.
  • Loan Criteria :


  • Need based finance subject to the repaying capacity of the parents,
  • Maximum limit limit of the quantum of finance - Rs.1 lac, including all types of expenses or any of the expenses under the scheme as mentioned above,
  • Net combined income of the parents'/guardians' should be above 40% of gross income, after considering the EMI of the proposed loan.
  • Loan Limit : Maximum Rs. 1,00,000/-

    Margin : NIL

    Rate of interest
    Processing Fee

    Repayment Period :

    The loan is repayable in three years by 36 Equal Monthly Installments to be paid by Post Dated Cheques (PDCs).
    However, if the loan is taken for quarterly/half yearly expenses, the repayment period would be adjusted in line with the periodicity of the expenses.
    First installment will be due in the next month after the last disbursement.

    Security :


  • No tangible/collateral security is required,
  • However, a concession of 100 basis points would be allowed for 100% security cover of the loan amount by way of immovable property/other liquid security,
  • Personal guarantee of the parents/guardian/s.
  • *Subject to Change without prior notice.