‘Har Ghar Lakshpati’: With this special scheme of SBI, you can save lakhs of rupees in 3 years
‘Har Ghar Lakshpati’: With this special scheme of SBI, you can save lakhs of rupees in 3 years. SBI has designed a new scheme for its customers. The name of this scheme is ‘Har Ghar Laxpati’. It is an RD scheme. Through this, an investor can save small amounts every month and accumulate more funds. Senior citizens will benefit the most from this as they will get more interest than the general investors.
Interest gained on investment under this special RD scheme of SBI varies based on the customer and maturity period. The general investor receives a 6.75 percent interest in this scheme, whereas a senior citizen gets an interest of 7.25 percent on the capital invested under the Har Ghar Lakshpati Yojana.
This RD scheme has a maturity period of three to ten years. That is, investors can participate in SBI’s scheme over a three to ten-year term. Which can be used to meet children’s educational or other requirements.
The age limit for opening an account under the ‘Har Ghar Lakshpati’ scheme is such that every person from a child to an elderly citizen can easily open his accounts under this scheme. If we look at the terms of this scheme, then children above the age of 10 who can sign their name are eligible, while accounts for minor children can be opened by their parents.
If an investor wants to deposit Rs 1 lakh and selects a three-year maturity, he has to save Rs 2,500 every month for three years. In this case, after interest, he will get Rs 1 lakh at maturity.
If the maturity time is set to ten years, a customer will only need to deposit Rs 591 every month into their SBI account. The monthly Installment Amount at opening will be applicable according to this rate for monthly installments and under SBI Har Ghar Lakshpati RD Yojana this is allowed for opening the account where he would proceed by visiting the nearest SBI.
If the installment deposited in the account gets delayed every month, then there is a fine provision in this. Under this scheme, above Rs 100, there is a late fee of Rs 1.50 to Rs 2. An important thing that one should not forget is that if an investor fails to pay six consecutive installments, then his account will get closed and the deposited amount will go to his savings account.
