SBI Lakhpati RD: Save Monthly to Build an ₹8.25 Lakh Corpus - Here’s How

Saving money regularly can be challenging, especially if you can't invest a lump sum upfront. That’s where a Recurring Deposit (RD) comes in handy. It allows you to save a fixed amount every month, earn interest, and grow your savings steadily. As your income increases, you can also boost your monthly contribution for faster growth.

To promote disciplined saving, the State Bank of India (SBI) introduced the Har Gar Lakhpati RD scheme . The idea is simple - invest a set amount monthly and receive Rs 1 lakh or its multiples at the end of your chosen tenure.

Here’s how much general and senior citizens need to deposit each month to build a corpus of Rs 8.25 lakh over 3, 4, or 5 years. (Note: SBI offers maturity amounts in multiples of Rs 1 lakh.)

SBI Lakhpati RD : Who Can Open an Account?

Any resident Indian can open an account, either individually or jointly. Minors aged 10 years or above who can sign are eligible to open the account in their own name, while parents or guardians can open it on their behalf.

Latest Interest Rates

General citizens:

– 6.55% for 3 and 4 years
– 6.30% for 5 to 10 years

Senior citizens:

– 7.05% for 3 and 4 years
– 6.80% for 5 to 10 years

How Much Should You Save to Build Rs 8.25 Lakh?

If you aim for a corpus of Rs 8.25 lakh, here’s how much you need to save each month:

For General Citizens:

• Estimated Rs 20,700 per month for 3 years
• Estimated Rs 15,010 per month for 4 years
• Estimated Rs 11,683 per month for 5 years

For Senior Citizens:

• Estimated Rs 20,538 per month for 3 years
• Estimated Rs 14,854 per month for 4 years
• Estimated Rs 11,530 per month for 5 years

With SBI’s Lakhpati RD, saving for a secure future becomes straightforward. Start small, stay consistent, and watch your money grow!


Disclaimer: The interest rates and figures mentioned above are based on the latest available information from SBI at the time of writing and are subject to change without prior notice. Actual returns may vary depending on the chosen tenure, prevailing rates, and individual circumstances. It is advisable to check the official SBI website or consult with a financial advisor before making any investment decisions.