The State Bank of India introduced the SBI Har Ghar Lakhpati Scheme in January 2025 as a recurring deposit plan to assist people in saving ₹1 lakh or more over a period of three to ten years. Competitive interest rates between 6.50% and 8.25% are offered by the scheme, contingent on client category and tenure. Because of its variable tenure options, clients can select a plan that best suits their financial goals. All Indian nationals, including children ages 10 and up, are eligible for the program, and senior individuals might receive an extra interest rate. The minimum monthly deposit for 10 years is ₹593, and early withdrawals are subject to fines. The program is a desirable choice for anyone looking for safe returns because it encourages goal-oriented investing, financial planning, and disciplined saving. Candidates who satisfy the SBI Har Ghar Lakhpati Scheme Eligibility 2025 will get the benefits from this scheme.
SBI Har Ghar Lakhpati Scheme 2025
In January 2025, the State Bank of India launched the SBI Har Ghar Lakhpati Scheme, a recurring deposit scheme designed to help consumers save at least ₹1 lakh over three to 10 years. The program offers competitive interest rates ranging from 6.50% to 8.25%, depending on the type of client and length of service. Clients can choose a plan that best fits their financial objectives thanks to its flexible tenure possibilities. The program is open to all Indian nationals, including children ten years of age and older, and senior citizens may be eligible for an additional interest rate. For ten years, the minimum monthly contribution is ₹593, and early withdrawals would result in penalties. The program promotes goal-oriented investing, financial planning, and disciplined saving, making it an appealing option for anyone seeking safe returns.
SBI Har Ghar Lakhpati RD Deposit Scheme 2025
| About | SBI Har Ghar Lakhpati RD Deposit Scheme 2025 |
| Bank | State Bank of India |
| SBI Har Ghar Lakhpati Scheme Eligibility 2025 | Refer to the article |
| Interest Rate | 6.50% to 8.25% per annum |
| Category | Yojana |
| Official Website | https://sbi.bank.in/ |
SBI Har Ghar Lakhpati Scheme Eligibility 2025
The SBI Har Ghar Lakhpati Scheme is a recurring deposit scheme designed to help individuals accumulate ₹1 lakh or more through small monthly savings:
- Age Eligibility: The scheme is open to individuals aged 10 years and above, including minors who can sign independently. For children who cannot sign, parents or legal guardians can open the account.
- Residency Requirement: The scheme is open to all Indian residents.
- SBI Account Requirement: You must have an active SBI savings account to invest in this scheme.
- Eligible Applicants: The scheme is open to both existing and new term deposit customers, including general citizens, senior citizens, SBI employees, and senior citizen employees.
The scheme offers flexible tenure options ranging from 3 to 10 years, with interest rates varying based on the tenure and customer category. The interest rates range from 6.50% to 8.25% per annum.
SBI Har Ghar Lakhpati RD Deposit Amount 2025
- The monthly deposit amount varies depending on the chosen tenure and interest rate.
- For a 10-year tenure, the monthly deposit is ₹591 for general citizens and ₹576 for senior citizens to reach a maturity amount of ₹1 lakh.
- The deposit amount for other tenures can range from ₹2,502 for 3 years to ₹593 for 10 years for general citizens.
Key features of SBI Har Ghar Lakhpati Scheme 2025
The key features of the SBI Har Ghar Lakhpati Scheme are:
- Flexible tenure ranging from 3 to 10 years.
- Interest rates vary based on customer category and tenure, with rates up to 6.75% for the general public and up to 8% for SBI staff and senior citizen staff.
- Penalty for delayed payments, with account closure possible after six consecutive missed instalments.
- Loan facility available up to 90% of the deposit balance.
- Tax Deducted at Source (TDS) is applicable if the interest exceeds ₹40,000 annually.
FAQS On SBI Har Ghar Lakhpati Scheme 2025
What is the interest rate?
The interest rate ranges from 6.50% to 8.25% per annum, depending on the tenure and type of account holder.
Is the scheme available to non-SBI account holders?
No, you must have an active SBI savings account to start this RD scheme.
Can I invest more than the specified monthly amount?
The specific plan is tailored for a fixed monthly amount, but SBI allows custom RDs separately for higher deposits.