SBI Har Ghar Lakhpati Scheme: Know How Much to Invest Monthly to Accumulate Rs 6.5 Lakh or Rs 8.2 Lakh in 3 to 5 Years

SBI Har Ghar Lakhpati Scheme: Know How Much to Invest Monthly to Accumulate Rs 6.5 Lakh or Rs 8.2 Lakh in 3 to 5 Years
New Delhi: The State Bank of India (SBI) offers a structured savings plan under its Har Ghar Lakhpati Scheme, allowing individuals to systematically save and accumulate substantial amounts over time. This Recurring Deposit (RD) scheme is ideal for those looking for a secure and disciplined approach to savings.

Key Features of SBI Har Ghar Lakhpati Scheme
- Structured Savings:Â Helps individuals achieve their financial goals through systematic deposits.
- Flexible Contributions:Â Monthly deposits can be increased as income grows.
- Wide Eligibility:Â Available to resident individuals, minors (with proper signatures), and joint account holders with guardians.
Who Can Open an Account?
- Resident Individuals – Can open an account individually or jointly.
- Minors – Those aged 10 and above (with the ability to sign) are eligible.
- Parents/Guardians – Can open accounts on behalf of minors.
Interest Rates for SBI RD Scheme
For General Citizens:
- 6.75% for tenures of 3 or 4 years.
- 6.50% for tenures of 5 to 10 years.
For Senior Citizens:
- 7.25% for tenures of 3 or 4 years.
- 7.00% for tenures of 5 to 10 years.

Investment Required to Reach Rs 6.5 Lakh or Rs 8.2 Lakh
Depending on the tenure, individuals need to invest the following amounts monthly:
To Accumulate Rs 6.5 Lakh:
- 3 Years: ₹16,257.93 per month (General Citizen)
- 4 Years: ₹11,776.72 per month (General Citizen)
- 5 Years: ₹9,156.11 per month (General Citizen)
To Accumulate Rs 8.2 Lakh:
- 3 Years: ₹20,510.01 per month (General Citizen)
- 4 Years: ₹14,856.79 per month (General Citizen)
- 5 Years: ₹11,550.79 per month (General Citizen)
Disclaimer:
The above calculations are estimates and may vary based on prevailing interest rates. Individuals are advised to conduct thorough research or consult a financial advisor before making investment decisions.