SBI Bank RD Scheme 2025: SBI’s ‘Every Ghar Lakhpati Scheme’ is a new and attractive investment scheme launched by India’s largest bank, State Bank of India (SBI). The main objective of this scheme is to give common people a chance to become a millionaire by making small savings regularly. The scheme is specifically designed for those who want to meet their financial goals by saving a small amount regularly for a long time.
The most important thing about this scheme is that you can deposit ₹ 1 lakh in 10 years by depositing only ₹ 591 every month in it. This will not only help you to make a habit of saving, but will also provide you a safe and guaranteed return. Let us know in detail about SBI’s ‘Har Ghar Lakhpati Scheme’ in this article and understand how it can help you meet your financial goals.
SBI What is every house Lakhpati Scheme?
SBI is a special type of Recurring Deposit (RD) scheme. This is a pre-calculated RD scheme in which investors can deposit a fixed amount every month and deposit ₹ 1 lakh or more in their account. The duration of this scheme can be from 3 to 10 years, which the investor can choose according to his need.
SBI Overview of every house millionaire scheme
| Description | Acquaintance |
| Scheme name | SBI Every Home Lakhpati Scheme |
| Type of scheme | Recurring deposit (rd) |
| Minimum monthly deposit | ₹ 591 (for general citizen) |
| Maximum deposit | No limit |
| Interest rate | 6.75% (General Citizen), 7.25% (Senior Citizen) |
| Duration | 3 to 10 years |
| target groups | People of all age groups |
| Eligibility to open account | Pilgrim |
SBI The main features of every house millionaire scheme
- Minimum investment: In this scheme, you can start by depositing only ₹ 591 every month.
- Flexible period: You can choose a period from 3 years to 10 years.
- Attractive interest rate: General citizens get 6.75% and senior citizens get 7.25% annual interest.
- Available to all: This scheme is for people of all age groups.
- Minors can also invest: Children above 10 years of age can also invest in this scheme.
SBI How to invest in every house millionaire scheme?
SBI is very easy to invest in every home millionaire scheme. You can invest in this scheme in the following ways:
- Going to SBI branch: You can invest in this scheme by going to your nearest SBI Bank branch.
- Through online banking: If you use SBI’s net banking or mobile banking, you can invest in this scheme at home.
- Through the Yono app: You can easily invest in this scheme by downloading SBI’s YONO app.
SBI interest rates of every house millionaire scheme
Interest rates in SBI every house millionaires depend on the category of investor and investment period. Following are the currently applied interest rates:
- For ordinary citizens:
- For a period of 3 and 4 years: 6.75% annual
- For other periods: 6.50% annual
- For senior citizens:
- For a period of 3 and 4 years: 7.25% annual
- For other periods: 7.00% annual
SBI Calculation of Investment in Every Home Lakhpati Scheme
Let’s understand with an example of how you can become a millionaire by investing in this scheme:
- For a period of 3 years:
- Monthly Investment: ₹ 2,500
- Total deposit amount: ₹ 90,000 (36 months ₹ ₹ 2,500)
- Most of maturity: around ₹ 99,950
- For a period of 10 years:
- Monthly Investment: ₹ 591
- Total deposit: ₹ 70,920 (120 months × ₹ 591)
- Money on maturity: around ₹ 1,00,000
SBI Benefits of Every Home Lakhpati Scheme
- Regular savings habit: This scheme helps you to make a habit of saving a little amount every month.
- Safe Investment: Investing in a trusted bank like SBI, your money is completely safe.
- Guaranteed Return: In this scheme you get a certain and guaranteed return.
- Tax Benefits: Investment made in this scheme can be eligible for tax exemption under Section 80C of the Income Tax Act.
- Flexible period: You can choose a duration of 3 to 10 years according to your need.
SBI Eligibility for Every Home Lakhpati Scheme
- Age: Any person above 10 years of age can invest in this scheme.
- Nationality: Both Indian citizens and NRI can invest in this scheme.
- Documents: Evidence of KYC documents such as Aadhaar card, PAN card, and address is necessary.
SBI required documents required to invest in every house millionaire scheme
- Identification proof: Aadhaar card, PAN card, Voter ID, Passport etc.
- Evidence of address: Electricity bill, telephone bill, ration card etc.
- Photo: Recently taken passport size photo.
- Age proof: Birth certificate, school leaving certificate, passport etc.
SBI Each Ghar Lakhpati Scheme Terms and Conditions
- Minimum amount: It is mandatory to deposit at least ₹ 591 every month.
- Maximum amount: There is no upper limit.
- Premature withdrawal: Withdrawing money before the completion of the scheme period can be fined.
- Enrollment facility: You can nominate a nominee in your account.
- Auto-debit facility: You can take automatic debit facility every month from your savings account.
SBI Every Home Lakhpati Scheme VS Other Investment Options
| Investment option | Return | hazard | Liquidity |
| SBI Every Home Lakhpati Scheme | Fixed and guaranteed | Very little | medium |
| Mutual fund | More possible returns | Medium to high | High |
| Stock market | High possible returns | High | High |
| Fixed deposit | Fixed | Very little | Less |
| Inseparable | Tax free return | Very little | Very little |
SBI tips for every home millionaire scheme
- Regular investment: Invest regularly every month.
- Use an auto-debit feature: You will never forget to pay installments.
- Choose long period: Select long period for more returns.
- Tax Planning: Make this investment a part of your tax plan.
- Enroll: Don’t forget to nominate the nominee in your account.
Disclaimer: SBI is a real banking scheme every home millionaire scheme, but investors should take careful decisions. This article is prepared only for the purpose of general information and should not be taken as financial advice. Always get accurate and latest information from the bank’s official website or nearest SBI branch before the actual investment. Risks are always present in investment, so make investment decisions according to your financial status and the ability to take the risk.
