SBI Scheme Update: Many such schemes are running, opening the doors of treasure for children and older people. Do you know, SBI’s Har Ghar Lakhpati scheme is being liked by people a lot, it is a recurring deposit i.e. RD scheme. You can collect substantial funds by investing less in this scheme. Senior citizens also get bumper benefits in this.
They are going to get more interest than ordinary investors. This scheme has been started keeping in mind such people who can invest a small amount without hesitation. You can also raise a big fund from the Har Ghar Lakhpati scheme. The investment period in SBI’s scheme has been between 3 and 10 years. You can add your name to this scheme to fulfil your children’s education or other needs.
10 year old children can also join the scheme
You will be happy to know you can open an account for your 110-year-old child. Through SBI’s scheme In the Har Ghar Lakhpati scheme, accounts can be opened by anyone from children to senior citizens. You can sign up for an account for a 10-year-old child. Children younger than this can open accounts with their parents or legal guardians.
You will receive 7.25 per cent interest on your investment in SBI’suniquel RD scheme. The interest received varies according to the customers and maturity period. An attempt is being made to offer 6.75 per cent interest to ordinary investors.
Additionally, senior citizens are offered an interest rate of up to 7.25 per cent in the Har Ghar Lakhpati scheme. If an employee working in SBI opens an account, he will get up to 8per cent interest annually.
How can you raise 1 lakh rupees?
You can easily create a fund of up to Rs 1 lakh in SBI’s Har Ghar Lakhpati Yojana. For this, you will have to invest a small amount every month. If a person wants to raise a fund of Rs 1 lakh from SBI, he will have to invest Rs 250 monthly for 3 years.
In such a situation, after adding the interest amount, a fund of Rs 1 lakh will be created on maturity in three years. If one chooses a maturity of 10 years, he will need to invest Rs 591 monthly. If we calculate the monthly instalment, the instalment will be calculated based on the interest rate applicable when opening the account.