SBI Bank Scheme: State Bank of India has launched the Har Ghar Lakh Pati Scheme through which the investor will get special benefits. There is an opportunity to invest in this scheme for marriage, retirement or children’s education. Under this scheme, you can get a maximum benefit of Rs 5 lakh by investing a minimum of Rs 2500. This scheme is available for all citizens of West Bengal and India. The scheme is gradually gaining popularity among middle and lower-class families.
Below is the detailed information and discussion regarding the scheme. Interested parties can participate in the application process by viewing the report in detail.
Scheme Procedure: SBI Bank Scheme
In the State Bank of India’s Har Ghar Lakh Pati Scheme, you have to invest a certain amount of money every month for a specific period. The interest earned on this monthly deposit helps in growing your investment. In this scheme, the investor can open both individual and joint accounts. Even parents can open accounts in the name of minor children if they want. Minors aged 10 years and above, who are able to sign, can also open accounts in their own name and take advantage of this scheme. So, if you want to invest money in a safe place in the present era, you can invest in the Har Ghar Lakh Pati Scheme of State Bank of India.
Interest Rate:
In the State Bank of India’s Har Ghar Lakh Pati Scheme, general citizens will get 6.75% interest for a period of 3 to 4 years and 6.50% for a period of 5 to 10 years. Senior citizens are paid higher interest. Senior citizens are paid 7.25% interest for a period of 3 to 4 years and the maximum interest rate of the scheme is 7.00% for a period of 5 to 10 years.
Benefits of the scheme:
In this scheme, special discounts have been given to senior citizens compared to general citizens.
In the Har Ghar Lakh Pati scheme, if general customers want to get a return of 1 lakh rupees, they will have to invest 2,502 rupees per month. If senior citizens want to get a return of 1 lakh rupees, they will have to invest 2,482 rupees per month.
If general customers want to get a return of 3 lakh rupees, they will have to invest 7,503 rupees per month. If senior citizens want to get a return of 3 lakh rupees per month, they will have to invest 7,445 rupees per month.
To get a return of 5 lakh rupees, general customers will have to pay 12,506 rupees per month. If senior citizens want to get a return of 5 lakh rupees, they will have to invest 12,408 rupees per month.
You do not need a lot of money to invest in this scheme. Everyone from ordinary middle-class families to lower-class families can invest a certain amount of money through this scheme. So if you want to save a certain amount of money every month. Then through this scheme, you can apply for the project of your choice depending on your financial goals. So those who do not have the money to invest can also invest in the project according to their ability, that is, this scheme provides some or the other offer for everyone. So those who want to earn more profit with less capital can apply for a specific scheme according to their choice.
