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SBI RD Scheme:State Bank of India (SBI) has launched a great scheme for the common people, named ‘Har Ghar Lakhpati Scheme’. In this scheme, any person can create a fund of up to ₹ 1 lakh for his future by depositing a small amount of just ₹ 591 every month.

This scheme is based on SBI’s Recurring Deposit (RD) scheme, where you deposit a fixed amount every month and after the stipulated time, you get the entire amount including interest. The best thing is that there is no hassle in it, only safe and guaranteed returns, which is more reliable than other investment options. This scheme is perfect for working people, small businessmen and housewives, who want to fulfill their big dreams with small savings.

Main features of SBI Har Ghar Lakhpati Scheme

This scheme of SBI is for 5 years, where you have to deposit ₹ 591 every month. At the end of the period, you will get around ₹1 lakh, which will also include interest. The interest rate is as per the current Recurring Deposit (RD) rates of the bank, which usually ranges from 6.5% to 7.1%. Getting such good returns even in small amounts is its biggest USP.

Also, opening an account is easy – you can do it from any SBI branch or YONO app. This scheme is best for those who want to achieve a bigger goal than regular savings.

How to invest in this scheme?

Investing money in SBI Har Ghar Lakhpati Scheme is very simple. You can open a Recurring Deposit (RD) account by visiting your nearest SBI branch or through the online YONO app. For this, Aadhar card, PAN card and a passport size photograph are required. Then, ₹591 will be deducted every month from auto-debit. If you want, you can also put more amount, so that you get more money on maturity.

This scheme is completely safe because SBI is a government bank and your money is guaranteed here. This method is ideal for those who want to make their future financially strong.

Who can invest in this scheme?

The minimum age for this scheme is 18 years. Any Indian citizen – whether a job seeker, businessman or housewife – can take advantage of this. Parents can also open Recurring Deposit (RD) account in the name of their children, so that a secure fund can be prepared for them.

The main objective of the scheme is to inculcate the habit of small savings, so that every household becomes financially strong. Also, if you mention it in your income tax return, you can also get tax benefits.

Benefits of Har Ghar Lakhpati Scheme

The biggest plus point of this scheme is that you can get good returns in the stipulated time without any risk. Accumulate big amount in future with small monthly savings. The interest received on Recurring Deposit (RD) is safe and guaranteed and does not fluctuate due to market fluctuations.

This scheme makes the family financially powerful and helps in long-term planning. ‘Har Ghar Lakhpati Scheme’ is really a golden chance for those who want to fulfill big dreams with small steps.