Submit ₹ 591 every month and get ₹ 1 lakh State Bank RD Scheme 2025 »Samvedna UP

State Bank RD Scheme 2025: In today's time, everyone is looking for the right investment to secure and save their future. Keeping this in mind, the State Bank of India (SBI) has introduced a special scheme which is being called 'Har Ghar Lakhpati Scheme'. Under this scheme, if you deposit only ₹ 591 every month, then you can get a return of up to ₹ 1 lakh in a few years. This scheme can be very beneficial for those who want to take a big advantage from small investment.

This scheme is part of SBI's Recurring Deposit (RD) scheme, in which you have to deposit small amount regularly. This not only helps to increase your savings, but also gives you good returns after a certain time. Let's know in detail about this scheme.

What is SBI's 'Every Home Lakhpati Scheme'?

This scheme of SBI is based on Recurring Deposit (RD). RD is a savings scheme in which you deposit a certain amount every month and on maturity you get a big amount including interest. In this scheme, you can make a fund of up to ₹ 1 lakh in 10 years by depositing ₹ 591 per month.

The main objective of this scheme is to encourage small investors to increase their savings and create a strong financial basis for the future. This SBI scheme provides safe and guaranteed returns, as it is operated by India's largest government bank.

Overview of the scheme

SBI RD Scheme 2025: How does this scheme work?

The scheme is based on the rules of recurring deposit. You have to deposit a fixed amount every month in RD account. On this, the bank gives you interest, which keeps on joining maturity on the basis of compounding.

• Investment Process:
  You can open an RD account through any SBI branch or online Net Banking/Mobile Banking App.





• Amount deposited:
  You can start minimum ₹ 100, but ₹ 591 per month is suggested for this special plan.





• Duration:
  This account can be opened from 1 year to 10 years.





• Interest Rate:
  The interest rate varies from time to time, but currently it can range from about 6.5% to 7%.

How to get ₹ 1 lakh on depositing ₹ 591 every month?

The mathematics of this scheme is very simple. If you deposit ₹ 591 every month and continue it for 10 consecutive years, then your total amount will be around ₹ 1 lakh with compounding interest. Below is a detailed description of this:

Counting table (Calculation TABLE)

Compounding interest is benefited here, which increases your savings rapidly.

Benefits of SBI RD Scheme

• Big benefits from small investment:
  You can get a large amount with a small amount of only ₹ 591 per month.





• Safe investment:
  SBI is the most trusted bank in India, your money is completely safe in it.





• resilience:
  You can choose the amount of monthly investment as per your convenience.





• Auto Debit Facility:
  Your account will automatically deduct money, which will make it easier to pay you on time.





• tax benefit:
  Tax exemption can also be received on the interest received on RD account if you turn it into tax saving FD.

Who can choose this plan?

This scheme can be beneficial especially for those people:

• Those who want to save small small saving regularly.





• Those who do not have the ability to take much risk.





• Those who want guaranteed returns.





• Those who want to save their children for goals like education or marriage.

SBI RD Scheme opening process (How to Open An SBI RD Account)

If you want to invest in this scheme, then follow the steps given below:

1. Go to your nearest SBI branch or login online Net Banking/Mobile App.





2. Choose the option of opening RD account and fill the required information.





3. Choose the monthly deposit and duration (eg ₹ 591 and 10 years).





4. Submit the required documents like Aadhaar card, PAN card etc.





5. After the account is activated, deposit the prescribed amount every month or set an auto debit.

Keep important things in mind (Important Points to Note)

• Not paying on time can lead to penalty.





• If you close the account before maturity, you will get less interest.





• Interest rates may change from time to time.

Disclaimer:

It is necessary to clarify that 'every house millionaire scheme' can be a marketing term that SBI has not directly introduced, but it seems part of the Recurring Deposit scheme. Therefore, do not understand it as a different scheme, but invest as a normal RD plan.

Please note that before investing, get complete information from your nearest SBI branch or authorized website so that there is no confusion.