In 2025, the SBI Har Ghar Lakhpati Recurring Deposit (RD) has become one of the most reliable savings schemes for individuals who want to build wealth gradually without taking market risks. This plan allows investors to deposit a fixed amount every month and receive a lump sum at maturity with interest, encouraging consistent savings and disciplined financial planning.
Designed for salaried individuals, homemakers, students, and new investors, this scheme makes it possible to reach financial goals such as ₹2 lakh or ₹5 lakh through small yet regular contributions. Since it is backed by the State Bank of India, investors benefit from both security and guaranteed returns.
Key Features of SBI Har Ghar Lakhpati RD
- Provides assured maturity value with zero market risk
- Suitable for short to medium-term goals (3–7 years)
- Affordable monthly contributions starting around ₹2,000
- Quarterly compounding of interest enhances growth
- Flexible tenure options and goal-based saving approach
Pros of Choosing SBI Har Ghar Lakhpati RD
- Reliable and backed by India’s largest public sector bank
- Offers stable and guaranteed returns over time
- Helps build a long-term savings habit
- Online management via SBI’s digital banking services
- No need for large lump sum deposits
Cons to Keep in Mind
- Premature withdrawals attract penalty and reduced interest
- Interest rates are fixed and may not beat inflation over long periods
- Missing monthly installments may lead to lower maturity value
How the RD Grows Your Savings
SBI applies quarterly compounding on RD accounts, meaning the interest earned in each quarter adds to your principal for the next calculation. The formula for maturity is:
Maturity Value = P × [(1 + r/4)^(4×n) – 1] / (1 – (1 + r/4)^(-1/4))
Here, P = monthly deposit, r = annual interest rate (in decimal), and n = tenure in years.
At an assumed annual rate of 6.90%, the growth of savings for different targets is illustrated below.
SBI Har Ghar Lakhpati RD – Savings & Returns Illustration
| Target Amount | Tenure | Required Monthly Deposit | Assumed Interest Rate | Approx. Maturity Value |
|---|---|---|---|---|
| ₹2 Lakh | 3 Years | ₹5,200 | 6.90% | ₹2,00,000 |
| ₹2 Lakh | 5 Years | ₹3,100 | 6.90% | ₹2,00,000 |
| ₹2 Lakh | 7 Years | ₹2,200 | 6.90% | ₹2,00,000 |
| ₹5 Lakh | 3 Years | ₹12,900 | 6.90% | ₹5,00,000 |
| ₹5 Lakh | 5 Years | ₹7,700 | 6.90% | ₹5,00,000 |
| ₹5 Lakh | 7 Years | ₹5,500 | 6.90% | ₹5,00,000 |
Facts vs Myths
| Facts | Myths |
|---|---|
| You can save monthly and earn guaranteed returns. | A large lump sum is required to invest. |
| Interest is compounded quarterly at around 6.90% per annum. | Interest is not compounded under RD. |
| Tenure options range between 3 to 7 years. | Only 5-year tenure is available. |
| Even small deposits can grow into lakhs. | Small deposits do not yield meaningful returns. |
| The RD corpus and returns are backed by SBI. | RD returns depend on market performance. |
Why This Scheme Works
The SBI Har Ghar Lakhpati RD encourages small but regular savings, ensuring that investors can steadily reach their financial milestones without stress. By starting early and choosing a suitable tenure, the power of compounding significantly enhances returns over time. The scheme is ideal for anyone aiming to save for future expenses like education, emergencies, or short-term financial goals.
Conclusion
The SBI Har Ghar Lakhpati RD is a dependable, goal-oriented savings plan for 2025 that turns small monthly investments into substantial future wealth. With the trust of SBI, quarterly compounding, and flexible tenures, it’s an excellent option for those who value stability over risk. Regular savings today can create a secure and rewarding tomorrow, making this RD a perfect choice for disciplined investors seeking guaranteed growth.
