Har Ghar Lakhpati Yojna: Har Ghar Lakhpati Yojana launched by SBI is a scheme that encourages people to make small savings. Under this scheme, customers can save an amount of Rs 1 lakh or more for their future by depositing a fixed amount every month. This scheme is specially designed for those who want to save some money regularly from their salary.
In this article, we will discuss all the important information of Har Ghar Lakhpati Yojana, including its features, benefits, investment process and other related information. This scheme not only provides financial security, but it is also a means to make your dreams come true.
Features of Har Ghar Lakhpati Yojana
- Available to all sections: This scheme is open to every Indian citizen.
- Interest rate: General citizens get annual interest up to 6.75% and senior citizens get up to 7%.
- Flexibility: Customers can deposit small amounts every month as per their convenience.
- Safe investment: It is a safe investment option operated by the bank.
- Tax benefits: There will be no tax on interest earned up to ₹40,000 for general citizens and ₹50,000 for senior citizens.
Benefits
- Long-term savings: This plan helps you build a good amount of money in the long term.
- Financial security: It provides financial security keeping in mind future needs.
- Education and health expenses: Helpful in building a fund for children’s education and health expenses.
How to invest?
- 3-year plan: By depositing ₹2,500 every month, you will get up to ₹1 lakh on maturity.
- 10-year plan: By depositing just ₹591 every month, you can build a fund of ₹1 lakh.