SBI RD Scheme: deposit ₹ 5000 in the name of daughter and get a big fund of ₹ 8.44 lakh!

SBI RD Scheme i.e. Recurring Deposit Scheme of State Bank of India is a safe return investment scheme.In this, you can prepare a big fund for the future by depositing a fixed amount every month.If you want to deposit money for your daughter's higher education or marriage, then this plan can prove to be a great option for you.We will give you information about this, let's know-

What is SBI RD Scheme?

Recurring Deposit (RD) is a savings scheme in which customers deposit a fixed amount in the bank every month.On completion of the scheduled time, the bank gives a lump sum by adding interest on the deposit amount.So that you can get a good return, in such a situation, if you also want to invest money in such an investment plan.Where you get a hefty amount after a fixed period, then you can invest money in RD scheme.FD investors big gift, big change in TDS rules

Benefits of opening daughter's name RD

Suppose you deposit ₹ 5000 in SBI RD for 10 years in the name of your daughter.On this you will get an average of 7% annual interest rate.Thus: Tenancy Law: The historic decision of the Delhi High Court in favor of the landlords, a strong shock to the tenants, you can prepare a good fund for your daughter's future in just 10 years.Indian Railway New Rule: Fare will be returned when train is late, 90% people do not know these rules

Key features of the scheme

The biggest feature of this scheme is that you get Chakravarti interest in it.Apart from this, you can invest money from minimum ₹ 100 in it.You can open plans from 1 year to 10 years.This scheme is from the bank (SBI) supported by the Government of India.Land Registry: Good news for those who buy land!Now the new rule will be free registry

How to open RD account?

Daughter's safe plan for future

It is necessary to prepare in advance for big expenses like daughter's education or marriage.By investing in SBI RD scheme, you can prepare a large fund without any risk.You get a hefty maturity amount every month by investing small money.Which makes your daughter's future safe.