What is the primary goal of SBI's "Har Ghar Lakhpati"

Q: Answer-What is the primary goal of SBI's 'Har Ghar Lakhpati' initiative?

SBIs Har Ghar Lakhpati initiative encourages systematic savings through Recurring Deposits RDs to help savers grow their deposits to 1 lakh. It positions RDs as systematic investment plans SIPs, making savings more accessible to households.

initiative?

A To boost mutual fund investments Correct Answer Incorrect Answer

B To promote systematic savings through Recurring Deposits (RDs) Correct Answer Incorrect Answer

C To integrate SIPs with Fixed Deposits Correct Answer Incorrect Answer

D To enhance SBI's premium banking services Correct Answer Incorrect Answer

E To enable pension creation through NPS Correct Answer Incorrect Answer

Solution

SBI's "Har Ghar Lakhpati" initiative encourages systematic savings through Recurring Deposits (RDs) to help savers grow their deposits to ₹1 lakh. It positions RDs as systematic investment plans (SIPs), making savings more accessible to households.

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