SBI Har Ghar Lakhpati Scheme: How Much Do You Need to Invest Every Month to Build a ₹1 Lakh Corpus?

Saving towards a financial goal often becomes easier when investments are made regularly instead of in one lump sum. To encourage disciplined savings, the State Bank of India (SBI) offers the Har Ghar Lakhpati Scheme, a recurring deposit (RD) product that enables customers to build a corpus of ₹1 lakh or more through fixed monthly deposits.

The scheme is available to resident individuals, including minors and senior citizens, and allows customers to choose their savings target and investment tenure.

How Does the SBI Har Ghar Lakhpati Scheme Work?

The Har Ghar Lakhpati Scheme is a recurring deposit in which the monthly instalment is calculated based on the target maturity amount. Customers can choose a maturity value of ₹1 lakh or its multiples, such as ₹2 lakh or ₹3 lakh.

The deposit tenure ranges from 3-10 years.

For a maturity amount of ₹1 lakh, the indicative monthly deposits are:

Eligibility and Interest Rates

The scheme is open to resident individuals who can open the account either singly or jointly. Minors above 10 years who can sign independently are eligible, while younger minors can open an account through their parent or legal guardian.

SBI currently offers the following interest rates under the scheme:

Premature Withdrawal Rules

Customers can close the deposit before maturity, subject to applicable penalties. Deposits of up to ₹5 lakh attract a 0.50% penalty, while deposits above ₹5 lakh attract a 1% penalty.

The applicable interest rate is reduced by the corresponding penalty, and no interest is payable if the deposit remains with the bank for less than 7 days.

Read more: Best PSU Stocks for August 2026: HAL, OIL, GAIL, and Others Based on 5-Year Returns.

Conclusion

The SBI Har Ghar Lakhpati Scheme is a recurring deposit option for individuals looking to accumulate a corpus of ₹1 lakh or more through fixed monthly savings. Customers can select a tenure between three and ten years, with monthly deposits linked to their chosen maturity amount.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.