SBI Har Ghar Lakhpati Scheme: State Bank of India has launched a special ‘Har Ghar Lakhpati’ RD scheme for its customers, in which a big fund can be raised by making small savings every month.
The country’s largest government bank SBI has launched a new scheme for its customers, named ‘Har Ghar Lakhpati’. This is a recurring deposit i.e. RD scheme. Through this, the investor can deposit a big fund by making small savings every month. Senior citizens are going to benefit even more in this, because they are going to get more interest than common investors.
Small savings and big fund
This scheme has been started especially keeping in mind those investors who are planning to raise a big fund by depositing a fixed amount every month in this Har Ghar Lakhpati RD Account. The maturity period of this RD scheme is 3 to 10 years. It is clear that in this scheme of SBI, investors can invest money for a period of 3 years to 10 years. Small savings are received by the investor as a large amount with interest on maturity. Which can be used to meet the education or other needs of children.
An account can be opened for a 10-year-old child
If we talk about the age limit for opening an account in the ‘Har Ghar Lakhpati’ scheme, then from children to senior citizens, everyone can easily open their account in this scheme. If we look at the terms and conditions of the scheme, then children of 10 years or more who can sign their name are eligible, while the account of younger children can be opened with parents or legal guardians.
Interest up to 7.25% is being received
Talking about the interest received on investment in this special RD scheme of SBI, it varies according to the customers and maturity period. In fact, the common investor is being offered an interest of 6.75 percent in this scheme, while senior citizens are being given a strong interest of 7.25 percent on investment in Har Ghar Lakhpati Yojana. If an employee of SBI invests in this scheme, then he is getting up to 8 percent interest.
You can raise 1 lakh rupees like this
Let us tell you here that State Bank has started this scheme with the objective that people can raise a big fund by making small savings every month. If an investor wants to raise 1 lakh rupees and he chooses a maturity of 3 years, then he will have to save Rs 2,500 per month for three years. In such a situation, he will get 1 lakh rupees on maturity including interest.
Now suppose that the customer selects a maturity period of 10 years, then he will have to invest only Rs 591 every month. In SBI Har Ghar Lakhpati RD Scheme, the monthly installment to be paid by the customer will be calculated on the basis of the interest rate applicable at the time of opening the account. Customers can open an account in this scheme by visiting their nearest SBI branch.
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