Written By: Mobin
SBI's Har Ghar Lakhpati Yojana is a recurring deposit plan offering 6.5-7.25% interest. Invest monthly & grow wealth safely with quarterly payouts.
General citizens: 6.75% (3-4yrs), 6.5% (others). Senior citizens get 7.25% (3-4yrs) & 7% (5-10yrs) - one of India's highest RD rates!
Start with just ₹576/month to reach ₹1 lakh in 10 years! Flexible tenure: 3-10 years. Joint accounts & minors (10+ years) eligible too.
Non-seniors: Invest ₹14,090/month for 5yrs to get ₹10 lakh. Seniors: Only ₹13,910/month needed for same target at 7% interest.
Quarterly interest credits, safe SBI backing, and tax benefits under Section 80C. Perfect for disciplined wealth creation with guaranteed returns.
Beats many FDs - senior citizens earn 0.75% extra interest vs regular RDs. Lowest ₹600/month entry makes it accessible to all income groups.
Visit any SBI branch or apply online. Documents needed: Aadhaar, PAN & passport photo. Start small today for a ₹10 lakh tomorrow!