Investment: There will be huge profits in short term investment, these customers are getting more benefits in the best scheme of SBI..
If you have retired and just received your PF money, then this information can be useful for you. This can be an opportunity to invest in a better place.
Do you know that the country's largest public sector bank SBI also offers short-term investment plans for its customers?
That is, if you do not want to invest your money for more than 1 or 2 years, then SBI has a special plan for you.
What is SBI Sarvottam Scheme
Here we are talking about SBI's Sarvottam Scheme. In this scheme, senior citizen customers get the benefit of higher interest.
Investment can be made for 1 year or two years. After investing in this scheme, money can be withdrawn only after the stipulated time.
How much can you invest in the SBI Sarvottam Scheme?
According to the information given on the official website of SBI, customers can invest more than Rs 1 crore in this scheme.
However, customers are offered different rates of interest if they invest Rs 2 crore or more.
Investment amount (more than Rs 1 crore and less than Rs 2 crore)
If you invest for 1 year, the interest rate for senior citizen customers is 7.60 percent and the annual yield is 7.82 percent.
If you invest for 2 years, the interest rate for senior citizen customers is 7.90 percent and the annual yield is 8.14 percent.
Investment amount (Rs 2 crore or more than Rs 2 crore)
If you invest for 1 year, the interest rate for senior citizen customers is 7.80 percent and the annual yield is 8.03 percent.
If you invest for 2 years, the interest rate for senior citizen customers is 7.90 percent and the annual yield is 8.14 percent.
Follow our Whatsapp Channel for latest update