SBI Scheme Har Ghar Lakhpati: You can earn Rs 1 lakh in just three years with this recurring deposit scheme of State Bank of India.
SBI Scheme Har Ghar Lakhpati Scheme Eligibility: State Bank of India, India’s largest public sector bank, has launched a new scheme called Har Khar Lakpati for its customers. This is a recurring deposit scheme. In this scheme, investors can accumulate a large amount of money by saving a small amount every month. Senior citizens can benefit even more from this. As they will earn higher interest income than ordinary investors.
SBI Scheme Har Ghar Lakhpati
A fixed amount has to be deposited every month in the account opened in Har Khar Lakpati scheme. The maturity period of this scheme is 3 to 10 years. That is, investors can invest money in this scheme for 3 years to 10 years. The small savings along with interest on maturity are given to the investor in a large amount. This can be of great help in meeting the education or other needs of children.
Anyone from children to senior citizens can easily open an account in Har Khar Lakpati scheme. There are some terms and conditions in this scheme. Children aged 10 years and above are eligible to sign their name. At the same time, children’s accounts can be opened with parents or legal guardians.
Scheme Har Ghar Lakhpati SBI Deposit Scheme Interest Rate
The interest rate on investment in this special recurring deposit scheme varies according to the customers and the maturity period. In this scheme, an ordinary investor is offered an interest of 6.75 percent. At the same time, senior citizens are offered a slightly higher interest rate of 7.25 percent. In this scheme, you can accumulate a large fund by making small savings every month.
If an investor wants to accumulate Rs 1 lakh, then if he chooses a maturity of 3 years, he will have to save Rs 2,500 per month for three years. In this case, he will get Rs. 1 lakh during the maturity period along with interest. Similarly, if investors choose a maturity period of 10 years, they will have to invest Rs. 591 every month.
Har Ghar Lakhpati SBI Scheme Interest Rate Calculator
The monthly installment payable by the customer in the Har Khar Lakpati scheme is calculated based on the interest rate applicable at the time of opening the account. Customers can open an account in this scheme by visiting their nearest State Bank of India bank branch.
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