SBI Har Ghar Lakhpati RD: State Bank of India has launched a new RD scheme Har Ghar Lakhpati, a small monthly savings plan that helps customers accumulate a corpus of ₹1,00,000 or more. This plan is for those who want a good return and want to invest in a Systematic Monthly Savings Plan.
SBI Har Ghar Lakhpati RD: Nowadays everyone saves some money from their earned money. In such a situation, people of middle class families are not able to save much money, but they want to invest whatever money they save in small savings. For these people, SBI has started such a scheme in which they can collect a good amount of funds even through their small savings.
This scheme is Har Ghar Lakhpati Yojana RD, in this, customers can create a fund of lakhs of rupees by depositing their small savings every month. Very good interest is also given in this, while senior citizens get more returns in this than ordinary investors.
Create a big fund with less investment
By investing in SBI Har Ghar Lakhpati RD scheme, small investors can collect a big fund in a short time frame. This scheme is very good for those people whose monthly savings are less, while the maturity period in this is from 3 to 10 years. In this scheme, if a common citizen invests ₹ 2500 then he gets ₹ 100000 with an interest of 6.75%, while if a senior citizen invests 2480 months for 3 years, then he gets a fund of ₹ 10000 in the end.
How much interest rate is available
Investment can be made in SBI Har Ghar Lakhpati RD for 3 to 10 years. It offers interest rates ranging from 6.7% to 7.5%. Investors above 10 years of age can invest in this scheme, in which applicants from 10 to 60 years of age are given an interest rate of 6.75% on investment and senior citizens of 60 years and above are given an interest rate of 7.25%.
Children of 10 years and above can apply in SBI Har Ghar Lakhpati RD scheme by signing their name, while accounts of children below 10 years of age can be opened by their parents or legal guardians. Opening an account in this scheme is very easy and requires very few documents.
Payment has to be made on time
In SBI Har Ghar Lakhpati RD scheme, investors have to pay their instalments on time, there is a penalty for not making the payment on time and the maturity value may also reduce as penalty can be deducted from the maturity value by the bank hence in this scheme it is necessary for the investors to pay the monthly instalments on time, the maturity period can be from 3 years to 5 years and on making the payment on time the maturity value remains the same, there is no change in it.
