The Har Ghar Lakhpati Yojana 2025 is gaining attention as a high-return, low-investment savings scheme that promises financial security for millions of Indians. With an investment as low as ₹591 per month, participants can accumulate ₹1 lakh over time. This initiative aims to empower families, encourage systematic savings, and provide a secure financial future.
This guide will break down everything you need to know about the scheme, its benefits, and how you can enroll. Whether you’re a beginner looking to start saving or a professional seeking safe investment options, this article has you covered.
Har Ghar Lakhpati Yojana 2025
| Feature | Details |
|---|---|
| Scheme Name | Har Ghar Lakhpati Yojana 2025 |
| Minimum Investment | ₹591 per month |
| Maturity Amount | ₹1,00,000+ |
| Interest Rate | ~6.50% (varies by tenure) |
| Tenure | 3 to 10 years |
| Eligibility | Open to all Indian residents |
| Where to Apply | Nearest SBI branch or online banking |
| Official Website | SBI Official Website |
The Har Ghar Lakhpati Yojana 2025 is an excellent low-risk investment for those looking to build long-term wealth with small monthly contributions. Whether you’re a working professional, homemaker, or student, this scheme offers a safe, flexible, and rewarding savings plan. By starting early and staying committed, you can secure your financial future with ease.
What is the Har Ghar Lakhpati Yojana 2025?
The Har Ghar Lakhpati Yojana is a special Recurring Deposit (RD) scheme offered by the State Bank of India (SBI). It is designed to help individuals build a substantial savings corpus through small monthly contributions. By investing ₹591 per month for 10 years, depositors can accumulate ₹1 lakh or more, depending on interest rates.
This scheme is especially beneficial for:
- Salaried employees looking for a risk-free investment.
- Small business owners wanting to save systematically.
- Students or homemakers aiming to develop a saving habit.
- Retirees who prefer guaranteed returns over market-linked risks.
see also: Senior Citizens & New TDS Rules
How Does the Scheme Work?
The Har Ghar Lakhpati Yojana works as a recurring deposit, meaning you deposit a fixed amount every month, and it accumulates interest over time. Here’s a simple breakdown:
- Choose Your Investment Amount:
- Minimum monthly installment starts at ₹591.
- You can choose higher amounts for faster growth.
- Select the Tenure:
- Available for 3 to 10 years.
- The longer you invest, the higher your returns.
- Earn Interest on Deposits:
- SBI offers competitive interest rates (around 6.50%).
- Interest is compounded quarterly, boosting your savings.
- Receive Maturity Payout:
- At the end of the tenure, your total investment plus earned interest is credited to your account.
Example Calculation
| Tenure | Monthly Deposit | Estimated Returns (₹) |
|---|---|---|
| 3 Years | ₹2,500 | ₹1,00,000+ |
| 5 Years | ₹1,407 | ₹1,00,000+ |
| 10 Years | ₹591 | ₹1,00,000+ |
Benefits of Har Ghar Lakhpati Yojana
1. High Returns with Low Investment
For just ₹591 per month, you can build a fund of ₹1 lakh, ensuring financial security for the future.
2. Guaranteed Returns
Unlike stock market investments, recurring deposits offer fixed returns with no risk of loss.
3. Flexible Tenure Options
You can choose a tenure between 3 to 10 years, depending on your financial goals.
4. Safe & Secure Savings
This scheme is backed by SBI, India’s largest public sector bank, ensuring reliability and trust.
5. Easy Withdrawal & Loan Facility
- You can prematurely withdraw your deposit (penalty may apply).
- Use the RD as collateral for a loan, offering liquidity in emergencies.
How to Apply for Har Ghar Lakhpati Yojana
Online Application (via SBI Net Banking)
- Log in to your SBI net banking account.
- Navigate to ‘Fixed Deposit’ > ‘Recurring Deposit’.
- Select ‘Har Ghar Lakhpati Yojana’.
- Enter your monthly deposit amount and tenure.
- Confirm & Submit your application.
Offline Application (via SBI Branch)
- Visit your nearest SBI branch.
- Ask for the Har Ghar Lakhpati RD form.
- Fill in your personal and banking details.
- Submit KYC documents (Aadhaar, PAN, etc.).
- Deposit your first installment to activate the account.
see also: Kisan Credit Card KCC Amount Crosses ₹ 10 Lakh Crore
FAQs
1. Who can apply for the Har Ghar Lakhpati Yojana?
Any Indian resident, including salaried individuals, students, and homemakers, can apply.
2. Can I deposit more than ₹591 per month?
Yes! You can increase your deposit amount to reach ₹1 lakh faster.
3. What happens if I miss an installment?
A small penalty may be charged, but you can continue saving without losing previous deposits.
4. Is there a tax benefit on this scheme?
Yes, tax benefits may apply under Section 80C of the Income Tax Act.
5. How is the interest calculated?
Interest is compounded quarterly, meaning your savings grow faster over time.
6. Can I withdraw before maturity?
Yes, but premature withdrawals may result in lower returns due to penalties.
