SBI offers a popular Recurring Deposit (RD) scheme that helps regular investors turn small monthly savings into a large maturity amount.
This special RD plan is known as the SBI Har Ghar Lakhpati Yojana, designed to help every household build wealth safely.
What Makes This RD Scheme Popular?
Recurring Deposits are one of the safest and most disciplined ways to save money.
Instead of investing a big amount at once, you deposit a fixed amount every month.
Over time, your money grows with a guaranteed interest rate.
SBI, being India’s largest public-sector bank, offers attractive RD interest rates.
With the Har Ghar Lakhpati Yojana, even small monthly savings can accumulate into lakhs by the end of the tenure.
SBI RD Interest Rates Under Har Ghar Lakhpati Yojana
The scheme allows you to choose an investment period between 3 to 10 years.
Interest rates depend on the duration you choose.
For General Investors
3 years: 6.55%
4 years: 6.55%
5 to 10 years: 6.30%
For Senior Citizens
3 years: 7.05%
4 years: 7.05%
5 to 10 years: 6.80%
Senior citizens always receive slightly higher interest, making it a great savings option for them.
How Much Can You Earn?
Let’s understand the returns with a simple example.
If you deposit Rs. 10,000 every month in an SBI RD for 10 years, you will invest a total of Rs. 12 lakh.
At the end of the tenure:
Total maturity amount: Rs. 16.71 lakh
Total profit: Around Rs. 4.71 lakh
This shows how steady monthly savings can help you build a significant corpus without taking any risk.
