SBI Har Ghar Lakhpati Scheme: If you want to fulfill your big dreams through small savings, the SBI Har Ghar Lakhpati Scheme is perfect for you. With this scheme, you can receive funds worth lakhs of rupees by depositing just ₹610 per month. This initiative by the State Bank of India (SBI) aims to empower families with low incomes and yet want to accumulate significant savings.
SBI Har Ghar Lakhpati Scheme
Under this scheme, a typical customer can save ₹610 per month and earn significant profits in the future. This is a long-term savings scheme, in which your deposited money grows with interest. Upon maturity after a fixed period, the customer receives lakhs of rupees. This scheme is specifically for people in rural and semi-urban areas, aiming to create a millionaire in every household.
Features of SBI Har Ghar Lakhpati Scheme
- Minimum investment: Starting at just ₹610 per month
- Benefit Period: 10 to 15 years (customer can choose as per his/her choice)
- Interest Rate: Determined by the bank every financial year
- Maturity Amount: Up to approximately ₹15 lakh (may vary depending on the deposit amount and tenure)
- Loan Facility: Loan facility is also available under this scheme if required.
- Auto Debit Option: Facility of automatic deduction from your SBI account
How does SBI Har Ghar Lakhpati Scheme work?
When you start saving ₹610 monthly, this amount is deducted from your account each month and deposited into a special recurring deposit (RD) or systematic savings account. Over time, this amount earns compound interest. This interest helps your money slowly grow into lakhs.
For example, if you deposit ₹610 every month and the interest rate is 8%, then after 15 years you can get an amount of around ₹15 lakh.
Benefits of SBI Har Ghar Lakhpati Scheme
- Big returns from small investments: This is a reliable savings plan for people with limited income.
- Guaranteed Returns: This is a bank-backed scheme, so the risk is absolutely minimal.
- Family Security: Funds ready for future expenses like children’s education or marriage.
- Flexible Options: Customer can choose the amount and tenure as per his savings and convenience.
- Financial freedom: The opportunity to be self-reliant and develop good savings habits.
Who can apply for SBI Har Ghar Lakhpati Scheme?
- Indian citizen who is 18 years of age or above.
- Who has an SBI savings account.
- In some cases, this scheme can also be started in the name of a minor (with guardian).
SBI Har Ghar Lakhpati Scheme Registration Process
- Visit the nearest SBI branch or login through YONO SBI App .
- Select “Recurring Deposit” or “Har Ghar Lakhpati” option.
- Set monthly savings amount (₹610 or more) and tenure.
- Confirm via e-OTP or form. Your first installment will be deducted once the plan is activated.
Why choose this scheme of SBI?
SBI is the country’s largest and most trusted bank. Its investment products are transparent and backed by government securities. The biggest advantage of this scheme is that it encourages everyone to adopt the path of savings, regardless of their income.
| Apply Online | View |
Conclusion
The SBI Har Ghar Lakhpati Scheme offers new hope for those who want to secure their family’s future even with limited income. With savings as little as ₹610 per month, you can move towards financial independence and fulfill your dream of becoming a “lakhpati” in the future.