People of India are now more aware of savings. For most Senior Citizens and people trusted savings scheme is Fixed Deposit. But Today we will talk about an Recurring Deposit Scheme or RD Scheme launched by State Bank of India. This scheme offers much higher interest rates than any other conventional savings schemes.
SBI Har Ghar Lakhpati Scheme
State Bank of India is the largest government-owned bank in India. Recently the bank has announced a new RD Scheme named Har Ghar Lakhpati Scheme. If you invest in this RD scheme you can get 1 lakh or more returns with savings of small amount per month. Specially Senior Citizens will be getting more benefits under this scheme. Also you can choose how much you want in return and how much you want to pay per month.
A normal user can choose Rs 591 to Rs 2500 by choosing in how many years he wants to get 1 lakh in return. Where as Senior Citizens can choose from Rs 574 to Rs 2480 for the same amount of return. Not only this bank staffs can get much lower investment options. You can check the list attached below for more better calculation. This can be multiplied for 3 Lakh 5 lakh or more.
Suppose, You want to get 5 lakh after three years then you need to invest Rs 12500 every month for 3 years. Once 3 year completed you will get 5 lakh rupees as the RD matures. You can choose up to Rs 1 Cr in return in this scheme.
