SBI Launches Two New Schemes: Har Ghar Lakhpati & SBI Patrons FD

he State Bank of India (SBI) has introduced two exciting schemes tailored to help individuals save and grow their money: Har Ghar Lakhpati and SBI Patrons Fixed Deposit (FD). Here’s a simple breakdown of what they offer.

Har Ghar Lakhpati Scheme

This is a Recurring Deposit (RD) plan designed to help you save ₹1 lakh over time through small, regular investments.

Highlights

• Who Can Join? Anyone with an SBI account.
• How Much to Invest? Start with as little as ₹2,000 per month.
• For How Long? Choose a tenure from 1 to 10 years.
• Interest Rates? Competitive RD rates apply.

This scheme is ideal for those looking to save systematically without straining their monthly budget.

Things to Know

• Premature withdrawals may incur penalties.
• Missing a deposit could result in a small late fee.

SBI Patrons Scheme

This Fixed Deposit (FD) is specially designed for super senior citizens (80 years and above), offering them higher returns to meet their financial needs.

Highlights

• Who Can Join? Super senior citizens aged 80+.
• Tenure Options? From 1 to 5 years.
• Interest Rates? Get additional benefits over regular FD rates for senior citizens.

This scheme provides a secure way for seniors to grow their savings and earn regular interest payouts.

Things to Know

• Early withdrawals will attract lower interest rates.

Why Choose These Schemes?

• Har Ghar Lakhpati encourages disciplined savings for future goals.
• SBI Patrons FD supports seniors with better returns and financial security.

How to Apply

You can apply for these schemes at any SBI branch or through the SBI YONO app for a quick and hassle-free process.

Start saving today and build a secure financial future with SBI!