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.