SBI's New Har Ghar Lakhpati RD Helps Customers Accumulate Rs 1 Lakh with Monthly Deposits - PRESS AI WORLD

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SBI's New Har Ghar Lakhpati RD Helps Customers Accumulate Rs 1 Lakh with Monthly Deposits

1 year ago

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SBI's New Har Ghar Lakhpati RD Helps Customers Accumulate Rs 1 Lakh with Monthly Deposits

Credited from: INDIATIMES

State Bank of India (SBI) has unveiled a new recurring deposit scheme called Har Ghar Lakhpati RD, aimed at helping account holders build a corpus of Rs 1 lakh.
The scheme is available for both single and joint accounts, with children over 10 allowed to open accounts independently.
Investment duration for the plan spans from 3 to 10 years, with interest rates varying from 6.50% to 7.25% based on customer type and tenure.
To accumulate Rs 1 lakh, regular citizens must invest:
- Rs 2,500 monthly for 3 years
- Rs 1,810 monthly for 4 years
For senior citizens, a monthly deposit of Rs 2,480 over 3 years at 7.25% interest is necessary to reach Rs 1 lakh upon maturity.

For more detailed information, visit the original article here.

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Sbi Har ghar lakhpati rd Recurring deposit Investment Financial planning

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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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