The country’s largest government bank, State Bank of India ( SBI ) is running several schemes for investment. Now the bank is preparing to bring a new product for investment. In this investment product, the investor will get the benefit of both Recurring Deposit (RD) and SIP.
Information about this product of SBI has been given by the bank’s chairman CS Shetty. He said that the bank is planning to bring innovative products for investment. This product will be made to make the customers financially aware along with the progress of the country’s economy.
Although today people are moving towards asset allocation after understanding the importance of investment, yet investors do not like to invest everything in risky assets. If they invest in risky assets, they also select secure investments. Investors look for new means of investment every day.
There will be a new version of the traditional product
Whenever it comes to investment, investors often prefer to select banking products. Investors have more trust in the bank. To maintain this trust, SBI will try to bring innovation in its traditional products. In such a situation, it is expected that the bank can bring a combined form of products like RD or SIP. This product will be digitally accessible.
SBI Chairman CS Shetty said that the bank is considering innovations to make its products popular.
The bank is raising funds
The bank has started an outreach program to raise funds. The bank is working as a franchisee to raise funds. For this, the bank is contacting all its existing customers as well as new customers.
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