A few days ago, SBI has launched the Har Ghar Lakhpati Yojana. This is a recurring deposit (RD) scheme. You can collect lakhs of rupees by depositing small amounts in this scheme every month. Today we are going to tell you about the eligibility rules of this scheme, the interest received in it and other important information.
SBI Har Ghar Lakhpati Scheme : A few days ago, State Bank of India (SBI) has launched the ‘Har Ghar Lakhpati’ scheme. This is a recurring deposit (RD) scheme in which you can deposit small amounts and collect one lakh rupees or even more. SBI’s Har Ghar Lakhpati scheme will offer a maximum interest of 6.75% to general citizens and 7.25% to senior citizens. In this scheme, you can invest for a period of 3 years to 10 years. Today we are going to tell you about the eligibility rules and other important information related to this scheme.
Every household will get this much interest in Lakhpati
On investing in SBI’s Har Ghar Lakhpati Yojana for 3 and 4 years, general citizens will get 6.75% interest and senior citizens will get 7.25% annual interest. Also, if you invest in this scheme for 5 years to 10 years, then general citizens will get 6.50% interest and senior citizens will get 7% annual interest. You can invest in this RD scheme of SBI for a fixed time as per your wish.
Eligibility for Har Ghar Lakhpati Scheme
Any Indian citizen can invest in SBI’s Har Ghar Lakhpati Yojana. In this scheme, both single and joint accounts can be opened. If parents or guardians wish, they can also open an account in the name of the child. But it must be kept in mind that the child’s age should be more than 10 years and the child should be able to sign his signature.
Keep this in mind
Before you invest in this RD scheme of SBI, you have to keep some important things in mind. One of these important things is tax deduction. If you are a common citizen and the interest earned from RD is more than 40,000 on an annual basis, then you will also have to pay TDS at the rate of 10%. In the case of senior citizens, this limit is Rs 50,000.
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