State Bank of India (SBI) has launched its new scheme ‘Har Ghar Lakhpati’, which gives the common people a chance to become financially strong through small savings. This scheme is a Recurring Deposit (RD) scheme, in which you can make a fund of ₹ 1 lakh or more in a long time by depositing a fixed amount every month. The aim of this scheme is to make people habit of savings and provide them financial security for the future.
In this article we will give complete information about this scheme, such as its characteristics, benefits, interest rates, and how it can be started. Also, you will also tell you whether this plan is real or just publicity.
Overview of sbi har ghar lakhpati scheme
| Description | Acquaintance |
| Scheme name | SBI Every Home Lakhpati Scheme |
| Type of scheme | Recurring deposit (RD) |
| Minimum monthly deposit | ₹ 591 |
| 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 |
What is Sbi Har Ghar Lakhpati Scheme?
SBI Every Home Lakhpati Scheme is a pre-Calculated Recurring Deposit scheme. In this, customers can prepare a fund of ₹ 1 lakh or more in their account by depositing an amount of ₹ 591 or more every month. The scheme is mainly made for those who want to make small savings but want to make large funds in a long time.
The main features of the scheme
- Minimum Investment: Start at ₹ 591 per month only.
- 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 open to people of all age groups.
- Minors can also invest: Children over 10 years of age can also invest in it.
- Loan facility: Loan facility is also available on RD.
SBI RD scheme interest rates (2025)
| Duration | General civil interest rate (%) | Senior civil interest rate (%) |
| Up to 2 years less than 1 year | 6.80% | 7.30% |
| Up to 3 years less than 2 years | 7.00% | 7.50% |
| Up to 5 years less than 3 years | 6.50% | 7.00% |
| From 5 years to 10 years | 6.50% | 7.50% |
SBI RD Scheme Benefits
Why Choose Sbi Har Ghar Lakhpati Scheme?
- Small savings, big funds: By depositing only ₹ 591 per month, you can make a fund of ₹ 1 lakh or more in future.
- Economic Security: This scheme provides you financial security.
- Flexible period: You can choose the duration as per your convenience.
- Additional benefits for senior citizens: Senior citizens get additional 0.50% interest at general interest rate.
- Online and offline facility: You can start this scheme in both online and offline methods.
SBI How to open an account in every household lacquer scheme?
offline mode
- Go to the nearest SBI branch.
- Fill the RD application form.
- Submit the required documents.
- Pay the first installment and open an account.
Online mode
- Login to SBI Net Banking Account.
- Go to the “Fixed Deposit” option and choose “E-RD”.
- Fill the required information and submit the form.
Vano app
Download the SBI YONO app and open the account by choosing the “Recurring Deposit” option.
Calculation: How much can you earn?
You can estimate your investment using SBI RD Calculator. Example:
- If you deposit ₹ 591 per month and the interest rate is 6.75%, then:
- In 3 years: around ₹ 23,000
- In 5 years: around ₹ 41,000
- In 10 years: about ₹ 1 lakh
Documents required for SBI RD scheme
- Aadhar card
- PAN card
- Voter ID
- Driving license
- Bank account statement
Disclaimer: Is the plan real or fake?
The scheme is real and has been introduced by State Bank of India. However, before investing in it, you should read interest rates and other conditions carefully. Also, make sure that your financial condition is suitable for this type of investment.
SBI’s ‘every house millionaire scheme’ can be a good option if you want to make a habit of regular saving.
