Imagine turning small monthly savings into Rs 1 lakh without needing to understand complex investments. SBI’s Har Ghar Lakhpati Recurring Deposit (RD) scheme makes it possible by offering a simple way for anyone to save and reach their financial goals.

What Is The Har Ghar Lakhpati Scheme?

The Har Ghar Lakhpati scheme is a special recurring deposit plan launched by State Bank of India (SBI). It helps individuals and families save money in an easy and planned way, so they can achieve financial goals like buying a home or planning a wedding. This scheme is designed to make saving money simple and accessible for everyone, including adults and minors (children above 10 years).

Flexible Tenure And Attractive Interest Rates

The Har Ghar Lakhpati scheme offers flexibility, allowing you to choose a savings period between 1 year and 10 years. This means you can save according to your personal goals. For tenures longer than two years, the interest rates are attractive: 7% for regular customers and 7.25% for senior citizens.

How To Save And Earn Rs 1 Lakh

With this scheme, you can achieve Rs 1 lakh by saving small monthly amounts. For regular customers:

Rs 2,500 per month for 3 years at 6.75% interest will get you Rs 1 lakh.
Or, Rs 1,407 per month for 5 years at 6.50% interest will also help you reach the goal.

For Senior Citizens

Rs 2,480 per month for 3 years at 7.25% interest

Or, Rs 1,389 per month for 5 years at 7% interest.

Simple And Easy To Open

You can open an account at an SBI branch or online. The scheme also allows joint accounts and minor accounts for children aged 10 and above. If you miss a payment or withdraw money early, there will be small penalties, but the process remains simple and customer-friendly.

Start saving with the Har Ghar Lakhpati RD today, and take an easy step towards securing your financial future!

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