SBI Har Ghar Lakhpati RD Scheme 2025: Interest Rate and How to apply

India’s biggest public sector bank SBI launched two new schemes for the citizens namely Har Ghar Lakhpati RD (HGL) Scheme and SBI Patrons Scheme. One id RD scheme and another one is FD scheme. In this article we are going understand about Har Ghar Lakhpati Scheme.

Here all the details like if you invest in the SBI HGL scheme than how much interest rate you should earn and what is the installment amount you have to paid for the 3 to 10 years of period to earn 1 lakh rupees. All the details will be explained in this article. So let’s get started.

Headings

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• 1 What is Har Ghar Lakhpati (HGL) Scheme of SBI?
  • 1.1 Investing Amount and Benefits
  • 1.2 Har Ghar Lakhpati RD Interest Rate 2025
  • 1.3 Who are eligible?
  • 1.4 Monthly Installment Calculation for 1 Lakh Maturity Amount
  • 1.5 SBI Har Ghar Lakhpati RD Calculator
  • 1.6 Penalty Charges for bounce installment (Rules)
  • 1.7 How to Apply for SBI Har Ghar Lakhpati Scheme?
  • 1.8 Core Highlights
  • 1.9 Contact Details
  • 1.10 FAQs

What is Har Ghar Lakhpati (HGL) Scheme of SBI?

This SBI’s scheme is launched on 3rd January, 2025 for all citizens of India those who has account in the any State Bank of India branch in any city. Under this scheme main objective is to made their account holders to Lakhpati. Har Ghar Lakhpati RD Scheme will help to develop savings habit and also encouraging financial planning for the account holders. Let’s check other benefits of the scheme too.

Investing Amount and Benefits

Investing amount is totally dependent on the beneficiaries who want to avail this scheme benefits. It means State Bank of India decided to provide benefits on 1 lakh or its multiple with selection of corresponding installment amount. Interest rate of the deposited amount is fixed by the SBI. Let’s check about it in the next heading.

Har Ghar Lakhpati RD Interest Rate 2025

Here in the below table you check that how much interest rate you will get in this Har Ghar Lakhpati RD SBI scheme. Interest rate ranges from 6.75% to 8.25% annually which are depends on types of person and tenure period also.

Who are eligible?

• This RD scheme is open for all those who have bank account in State Bank of India.
• No minimum age limit set for joining the scheme.
• There are different interest rate for the type of citizens like general public and senior citizens.
• Those who are currently doing job in SBI or those who retired staff of the bank are also eligible to open account under HGL RD Scheme.

Monthly Installment Calculation for 1 Lakh Maturity Amount

Here are the installment amount details provided for the 1 lakh maturity amount. It’s totally depends on how many years you want to pay installments and you are senior citizens or not. Let’s check.

You can see that if you want to receive 1 lakh on maturity amount and you are normal citizen and you want to pay installments for 5 years then you have to 1407 amount every month.

SBI Har Ghar Lakhpati RD Calculator

Here you can check the monthly installment amount and how much interest you earn at the time of maturity.

Penalty Charges for bounce installment (Rules)

• If your installment bounce in any month than you will be charged for the panelty.
• If you select plan which tenure is 5 years or less than that and missed to pay monthly installment then you have to pay ₹1.5 for every ₹100 as a penalty.
• If you select plan which tenure is more than 5 years then you have to pay ₹2 for every ₹100 as a penalty.
• Penalty charges may change time to time.
• If you not paid 6 installments continuous then your account will be closed.
• If account closed then remaining amount will send to beneficiary saving bank account.
• There are no changes in maturity amount of you pay installments in advance.

How to Apply for SBI Har Ghar Lakhpati Scheme?

You just follow these simple steps to apply or open account for Har Ghar Lakhpati RD Scheme in State Bank of India.

Step 1: First of all visit the nearest branch of SBI in which your account exists.

Step 2: Where you have to talk about SBI Har Ghar Lakhpati (HGL) RD Scheme to any employee of the bank.

Step 3: After that they will explain all the details and provide an application form for joining the scheme.

Step 4: Now you have to fill all the details on the form and attach documents like Aadhar Card, Passport size photo, Bank account number and one address proof.

Step 5: Once form completed, you have to submit the form to the branch.

Also Read: Solar loan SBI for PM Surya Ghar Yojana

Core Highlights

Contact Details

Here we provide toll free number of SBI bank where you can solve your issues.

Helpline Number:- 1800 425 3800 and 1800 11 2211

FAQs

Que: Is Har Ghar Lakhpati Scheme a recurring deposit scheme?

Ans: Yes

Que: How much interest rate will get under Har Ghar Lakhpati Recurring deposit scheme of SBI?

Ans: Interest Rate will depend on the tenure period as well as type of account holder. It varies from 6.50% to 8.25%.

Que: Where I can open Har Ghar Lakhpati RD account?

Ans: Through visiting SBI branch.