SBI Smart Swadhan Plus

lakshmi_moolya

SBI Smart Swadhan plus is a new product from SBI. It is a combination of a savings account and a term deposit account. The account offers higher interest rates than a regular savings account and also provides the account holder with an insurance cover.

joseph_kumari

SBI Smart Swadhan plus is a new micro-pension scheme introduced by State Bank of India (SBI) for its small account holders. Under this scheme, account holders can make regular monthly contributions towards their pension fund. The scheme offers an attractive interest rate and allows account holders to avail of tax benefits. The scheme also provides for a life insurance cover of up to Rs. 2 lakhs.

redgorilla442

The SBI Smart Swadhan plus is a home insurance policy offered by State Bank of India. It provides comprehensive cover against damages caused by fire, burglary, natural calamities and personal accidents. The sum insured under this policy starts from Rs.5 lakhs and can go up to Rs.1 crore. It also offers a unique feature of 'ambulance assistance' which provides free of cost transportation of the insured person to the nearest hospital in case of an accident.

yash_gatty

SBI Smart Swadhan Plus is an accident insurance policy offered by State Bank of India. It is a policy that offers protection to the account holder in case of an accidental death or disability. The policy also offers a lump sum benefit in case of hospitalization due to an accident.

vaani_rajesh

SBI Smart Swadhan Plus is a long-term investment plan offered by the State Bank of India. Swadhan Plus offers attractive interest rates and features a flexible tenure that can be customized to suit the investor's needs. The minimum investment amount is Rs.1 lakh and the maximum investment amount is Rs.15 lakh. The interest rate is currently 7.35% p.a.

Anand251

SBI Smart Swadhan Plus is a specially designed deposit scheme tailor made for senior citizens with attractive interest rates. It is a special deposit scheme from the State Bank of India which offers a secure and comfortable way for retirement savings.

Here are some of the salient features of SBI Smart Swadhan plus scheme:

It comes with a special interest rate of 6.7% per annum, which is higher than the normal rate of interest available.
It has a Deposit Multiplier feature which helps the depositor to increase their savings by almost Double the amount deposited.
A 5-year auto renewal feature helps you keep your deposits safe.
Depositors get special discounts on various SBI services and products such as loans, insurance products, etc.
Safe and comfortable life after retirement is guaranteed with this scheme.
The deposit amount invested is secure and backed by Government of India.
The deposits are fully transferable anywhere across India including NRE and NRO accounts.

For more details about eligibility criteria, withdrawal options and tax benefits; kindly visit the following link: https://www.sbi.co.in/web/smart/smart-swadhan-plus/savings-schemes

Hope this helps.

Madhura950

SBI Smart Swadhan plus is a savings account designed by the State Bank of India (SBI) to help people achieve financial security in the long run. It offers a range of features which are targeted towards achieving financial independence and stability, including higher returns on deposits, a choice of investment plans, tax benefits and various freebies.

Benefits of SBI Smart Swadhan Plus:

Higher returns on deposits: This savings account offers a higher interest rate than a regular savings account. That means you can get higher returns on your deposits.
Invest in ULIPs: The SBI Smart Micro Insurance Plan (SMIP) is a ULIP scheme that allows you to save money and invest in mutual funds at the same time. It provides a steady stream of returns, tax benefits and covers all risks of life insurance.
Tax Benefits: In addition to higher returns, the SBI Smart Swadhan plus account offers tax benefits. It allows you to save on your income tax under section 80C up to a limit of Rs. 1.50 lakhs.
Freebies: You get freebies like online and mobile banking options, a debit card, personal accident insurance and discounts on fuel purchases. You can also get free SMS updates on balance and various transactions.

Overall, SBI Smart Swadhan plus is a great savings account to consider if you want to achieve financial independence in the long run. It offers a range of features such as higher returns, investment plans, tax benefits, and freebies, which make it an attractive option. For more information, please visit the official SBI website.