SBI Senior Citizen RD Yojana : Hello friends, if all of you deposit ₹ 10,000 in State Bank of India, then after 5 years all of you will get a total of ₹ 7,28,896 in return. So how will you get it, we will discuss it in detail through today’s article. So all SBI holders have to read this article till the end.
And you have to get complete information about SBI Senior Citizen RD Yojana.
Know why this scheme is special
If we talk about the biggest benefit of SBI Senior Citizen RD Yojana, then under this scheme you will get more interest than a normal customer, which means that even small monthly deposits can convert into good returns in the future. Also, we want to tell you that the investment is completely safe.
This is because this is a scheme of the country’s largest government bank. This plan is very good for those people who want to get extra income along with pension in the future.
Know the maximum amount you can deposit and what interest you will get
Under SBI Senior Citizen RD Yojana, you will be able to easily deposit any amount according to your capacity starting from ₹ 10000. Let us tell you that we are going to understand the calculation for a period of 5 years on saving ₹ 10000 every month.
At present, senior citizens get an estimated 7.5% annual interest on this. Now let us tell you that after 5 years, a big fund is being created according to this interest rate.
Amount received on maturity
Let us now know that if a senior citizen deposits ₹ 10000 every month in this road scheme, then how much return will they get after 5 years:-
| Monthly Deposit | Duration (years) | Total Deposit | Interest Rate Information | Maturity amount |
|---|---|---|---|---|
| ₹10,000 | 5 years | ₹6,00,000 | 7.5 percent | ₹727896 Rupees |
Benefits of SBI Senior Citizen RD Scheme
If we talk about the benefits of SBI Senior Citizen RD Yojana, then it is absolutely correct to say that there is absolutely no risk in this scheme. Let us tell you that the amount received on maturity is granted, rest of the senior citizens get the benefit of additional interest rate.
If you want that there should be no interruption in your savings and money should be deducted from your account automatically, then you should link it to auto debit facility.
Money completely safe
SBI Senior Citizen RD Yojana is very good for those senior citizens who are interested in doing regular savings and want to receive a lump sum amount in future along with pension.
Now let me tell you that if you are middle class or senior citizens then this is a great option because the money will be completely safe in it and the returns are also fixed.