State Bank RD Scheme : The State Bank of India (SBI) has launched a brand-new and special savings scheme in 2025 called the “Har Ghar Lakhpati Scheme.” This plan is being seen as an excellent opportunity for individuals to grow their savings and investments. The main objective of this scheme is to help customers turn small monthly deposits into a substantial amount over time. If you deposit just ₹591 per month, you can earn around ₹1 lakh after a fixed period under this plan. It’s especially beneficial for people who want to save regularly but cannot deposit large sums.
The highlight of this scheme is that it enables individuals to achieve a significant corpus through consistent small savings — just like traditional savings methods. Essentially, it functions as a Recurring Deposit (RD) scheme, where you deposit a fixed amount every month and earn interest on it. Over time, your savings and interest together grow into a sizable amount. This plan is particularly suitable for women, students, and small investors who wish to strengthen their financial position.
State Bank RD Scheme : Complete Details of SBI’s “Har Ghar Lakhpati Scheme”
SBI’s “Har Ghar Lakhpati” RD scheme is available for a tenure of 3 to 10 years. It allows individuals to accumulate a large corpus by investing a small amount monthly. Under this plan, the monthly deposit amount is minimal, but the maturity value is significantly higher due to interest accumulation. The scheme offers a fixed annual interest rate, which ensures steady growth.
Key Terms – Har Ghar Lakhpati RD Scheme 2025
This is a Recurring Deposit (RD) plan where customers deposit a fixed amount every month. Like a Fixed Deposit (FD), the scheme has a specific tenure. Once the tenure ends, you receive your total deposit amount along with the accumulated interest.
- Monthly Deposit Amount : ₹591
- Minimum Tenure : 3 years
- Maximum Tenure : 10 years
- Interest Rate : Up to 7% (subject to change as per SBI’s current rates)
- Target Amount : Approximately ₹1,00,000
- Minimum Deposit : ₹100 per month (example: ₹591/month in this plan)
-
Eligibility : Indian citizens, women, students, and anyone who wants to save regularly
The plan offers regular interest and capital safety, making it a secure and rewarding investment option for long-term savers.
Benefits and Key Features
- Big Savings from Small Deposits : You can save lakhs by depositing just ₹591 monthly for 10 years.
- Regular Interest : Earn interest as per SBI’s applicable RD rates (typically 6.5%–7%).
- No Risk : As it’s a bank-backed deposit scheme, your capital remains safe.
- Easy Budgeting : The fixed monthly deposit makes financial planning simple.
- Digital Access : You can start and manage your RD through SBI Net Banking or by visiting a branch.
- Ideal for Small Investors : A great choice for individuals who prefer growing their savings gradually.
-
Assured Returns : At maturity, you receive your total deposit plus interest, providing guaranteed returns.
How the SBI “Har Ghar Lakhpati” Scheme Works
This scheme works like a Recurring Deposit (RD) where you invest a fixed sum every month. For instance, if you deposit ₹591 per month, after the chosen tenure (say 10 years), you will receive approximately ₹1,00,000 at maturity — which includes both your deposits and the accumulated interest.
You must deposit the monthly installment on a fixed date each month, either through the bank branch, SBI YONO App, or Net Banking. After the completion of the tenure, you can withdraw your total maturity amount with the applicable interest. The interest rate will depend on SBI’s current RD rates at that time.
Conclusion
The SBI “Har Ghar Lakhpati Scheme 2025” is a thoughtful initiative aimed at encouraging the habit of small savings among Indian citizens. With minimal monthly deposits, attractive interest rates, and the security of India’s largest public sector bank, this scheme is a smart and safe way to achieve your financial goals. Whether you are a student, homemaker, or small investor, this RD plan can help you take a big step toward financial independence and stability.
