If students are eligible or have their application approved. Then the students will get the Scholarship benefits Directly in their Aadhar Linked Bank Account in Two Installment.
But, they have to click on the Redeem button to receive the Scholarship Benefits in their Bank Account.
some of their scholarships will be sent to the college. scholarship amount or benefits completely depend on scholarship schemes and departments for where they are applying.
Redeem Button Option Activate Notification
When your First and Second installment is ready for disbursement then you will receive the SMS or Email Notification from the MahaDBT that your Installment is Ready for Disbursement.
(Make sure you have submitted your active mobile number or email so you can’t miss the Notification)
First Installment – (Redeem Process)
After you receive a notification on email and SMS from MahaDBT that your First Installment is ready for Disbursement. then you have to Redeem your Scholarship Voucher by going to your Dashboard – My Applied Schemes – Approved Application – Check Redeem Status
After you clicked on Check Redeem Status you will see your Voucher Details. now you can see your First Installment Redeem Button is Available now Simply Click on Redeem Button to receive your First Installment Directly in your Aadhar Linked Bank Account.
NOTE: You have to Redeem your Voucher before it Expires. if you did not Redeem your voucher then you will not receive your scholarship benefits.
After Redeeming the First Installment you will see the Success window on your screen.
Now if you again Clicked on Check Redeem Status then you will see Fund Disbursement in Process. that means you will receive a Scholarship Benefits in 2-3 Days. in some cases, it can take longer.
Congratulations, you have successfully Redeemed your First Installment.
Second Installment (Redeem Process)
So, After getting the First Installment student will receive the Second Installment after some weeks or even next month. now you just have to wait for Second Installment Redeem Button to be Activate. again you will receive Notification that your Second Installment is ready for Disbursement. Again go to your Dashboard – My Applied Schemes – Approved Application – Check Redeem Status now you can see Redeem Button for Second Installment.
When you Redeem the Second Installment again you will the Success window on your screen.
Now again click on Check Redeem Status now you can see your Second Installment Fund Disbursement in Process.
Congratulations, you have successfully Redeemed your Second Installment.
Watch the following Video to Know How to Redeem your Scholarship Voucher.