Current Affairs - Banking - Discussion

SBI launched two innovative schemes: the "Har Ghar Lakhpati" recurring deposit scheme and the "SBI Patrons" fixed deposit scheme. The "Har Ghar Lakhpati" scheme encourages financial discipline by helping customers, including minors, save Rs. 1 lakh or more through pre-calculated plans. Meanwhile, the "SBI Patrons" scheme caters specifically to senior citizens aged 80+ by offering enhanced interest rates. These initiatives demonstrate SBI’s commitment to addressing diverse financial needs and promoting a culture of savings across demographics.