At the beginning of the new year, State Bank of India has launched two Fixed Deposit schemes: SBI Har Ghar Lakhpati Scheme and SBI Patrons FD Scheme. With these schemes, you can get a return of ₹1 lakh in 3 to 5 years by depositing just ₹1,400. Know all the details about these two schemes.

The country’s largest bank, State Bank of India, launches profitable schemes for its customers from time to time. This time, as the new year approaches, the bank has introduced not one but two great schemes. You can get a return of up to ₹1 lakh by depositing money for just 3 to 5 years.

These new schemes have already attracted a lot of attention from customers. Many people are competing to invest first. If you have an account with SBI, check all the details in this news and invest without delay.

SBI Har Ghar Lakhpati Scheme

State Bank of India has launched two special schemes for customers this New Year. The first scheme is SBI Har Ghar Lakhpati RD Scheme. This is a recurring deposit scheme. By depositing a fixed amount every month, you can get big returns after a few years. This scheme is available for 3 to 10 years.

SBI Har Ghar Lakhpati Scheme Calculator:

  • Return ₹1 lakh in 3 years: deposit ₹2,500 per month.
  • Senior citizens: deposit ₹2,480 per month for 3 years.
  • Return ₹1 lakh in 5 years: deposit ₹1,407 per month.
  • Return ₹1 lakh in 10 years: deposit ₹591 per month.
  • Return ₹5 lakh: deposit ₹12,500 per month.

Timeline and Penalty:

After completing all installments, you can withdraw money after one month. If an installment is late, a fine of ₹1.5 per ₹100 is charged. The scheme will close automatically if 6 consecutive installments are missed.

SBI Patrons FD Scheme

The second scheme is the SBI Patrons FD Scheme, only for senior citizens aged 80 years and above. They will get 0.1% more interest on fixed deposits.

Why Invest in These Schemes?

These schemes are good for middle-class and lower-income families. By depositing small amounts every month, you can get big returns in the future. These schemes also help you save regularly and secure your future. For more details, visit your nearest SBI branch and follow EK24 News for updates.