- SBI Har Ghar Lakhpati Scheme helps you become a lakhpati by saving small amounts every month.
- Interest rates are different for general and senior citizens, with investment periods from 3 to 10 years.
- Monthly deposits as low as 593 for 10 years can help you save 1 lakh with fixed returns.
State Bank of India (SBI) has introduced a new recurring deposit scheme called the Har Ghar Lakhpati Scheme, aimed at encouraging safe and systematic savings among citizens. The scheme allows individuals to deposit small amounts every month, which gradually grow into a substantial fund of ₹1 lakh or more over time.
With attractive interest rates and flexible investment periods, the scheme is designed to benefit both general and senior citizens. SBI officials highlighted that the initiative will help households build financial strength through disciplined savings while ensuring security and steady returns.
Also Read – SBI RD Scheme 2025: Transform Small Savings into Big Wealth with Just ₹591
Know More About SBI Har Ghar Lakhpati Scheme
The SBI Har Ghar Lakhpati Scheme helps you turn small monthly savings into a large sum through regular investment. It works as a recurring deposit (RD) where you put in a fixed amount every month for a set period. When the term ends, you get back the principal amount plus interest compounded quarterly, which helps your savings grow faster. This scheme is perfect for those who want a fixed return without any risk.
Interest Rates and Investment Periods
Interest rates in this scheme are different for general and senior citizens, and you can choose an investment period between 3 to 10 years when you open the RD account.
- General Citizens: 6.75% interest for 3 to 4 years, and 6.50% for other periods.
- Senior Citizens: 7.25% interest for 3 to 4 years, and 7.00% for other periods.
How to Become a Lakhpati with SBI Har Ghar Lakhpati Scheme
Becoming a lakhpati is easy with this scheme. Decide your goal and investment period, then deposit the monthly amount needed. The scheme lets you choose between short-term (3 years) and long-term (up to 10 years) plans based on your financial goals.
Monthly Deposit Examples for General and Senior Citizens
| Category | Goal | Investment Period | Monthly Deposit ( 5) | Interest Rate (%) |
|---|---|---|---|---|
| General Citizens | 1 Lakh | 3 Years | 2,502 | 6.75 |
| General Citizens | 1 Lakh | 10 Years | 593 | 6.50 |
| Senior Citizens | 1 Lakh | 3 Years | 2,482 | 7.25 |
| Senior Citizens | 1 Lakh | 10 Years | 576 | 7.00 |
By choosing the SBI Har Ghar Lakhpati Scheme, you can build a habit of saving regularly and watch your money grow steadily. Whether you are a young saver or a senior citizen, this scheme offers a safe and rewarding way to secure your financial future.
To get started, visit your nearest SBI branch or check the official SBI website for more details and to open your Har Ghar Lakhpati RD account today.