SBI has launched two new schemes. One is named Har Ghar Lakhpati Scheme. The other is named SBI Patters FD Scheme. This scheme can increase your small amount into lakhs. It can also make you a millionaire.
Under this scheme, you can deposit a large amount by investing a small amount. This scheme of SBI is a recurring deposit. It is specially designed for super senior citizens i.e. elders of 80 years and above. Apart from this, under this scheme, you can also start investing for a 10-year-old child.
What is Recurring Deposit (RD)?
In RD, you have to deposit a fixed amount every month. You can invest at least Rs 1 in it. RD can be done for 6 months, 1 year, 5 years or 10 years. You can invest in this scheme for 3 years to 10 years. You can raise an amount of Rs 1 lakh or more according to your need by depositing a small amount every month.
If you want to deposit 1 lakh in 3 years, then you will have to deposit only 2 rupees every month. If you want to deposit 1 lakh in 5 years, then you will have to deposit 10 rupees every month. On the other hand, if you need 1 lakh after 10 years, then you will have to deposit 93 rupees every month.
SBI Patters FD Scheme
This scheme is especially for super senior citizens. In this, you can invest a minimum of Rs 1000 to a maximum of Rs 1 crore. The investment period in this can be from 7 days to 10 years. SBI has launched this scheme with the aim of helping people invest properly for goal achievement. They say that such schemes will help people achieve their goals.
