SBI Har Ghar Lakhpati Scheme: The dream of becoming a lakhpati is no longer limited to high-income earners. With disciplined monthly savings and the power of compounding, even small investors can build a meaningful corpus over time. Keeping this idea in mind, State Bank of India introduced the Har Ghar Lakhpati scheme, which has gained popularity among salaried individuals, small business owners, homemakers, and young earners. As we move closer to 2026, many people are searching for clarity on how a ₹2,000 per month saving plan under this scheme can help them achieve a maturity value of ₹1 lakh or more.
This article explains the SBI Har Ghar Lakhpati scheme in detail, focusing on tenure options, expected interest rates, maturity benefits, and why it is considered a practical long-term saving solution.
What is the SBI Har Ghar Lakhpati Scheme
SBI Har Ghar Lakhpati is a recurring deposit-based saving plan designed to encourage regular monthly savings. The core idea behind the scheme is simple: invest a small fixed amount every month and accumulate a corpus of at least ₹1 lakh or more at maturity.
Unlike market-linked investments, this scheme is backed by India’s largest public sector bank, making it suitable for conservative investors who prioritize safety and predictable returns. The scheme is especially popular among first-time investors who want to build a savings habit without taking financial risks.
How a ₹2,000 per Month Saving Plan Works
Under the Har Ghar Lakhpati plan, you commit to depositing ₹2,000 every month for a fixed tenure. These monthly deposits earn interest at rates similar to SBI’s recurring deposit schemes. Over time, the combined effect of regular contributions and compound interest helps in building a sizeable maturity amount.
A ₹2,000 monthly investment may seem small, but when continued consistently for several years, it can easily cross the ₹1 lakh mark. The exact maturity value depends on the chosen tenure and the interest rate applicable at the time of opening the account.
Tenure Options Available in 2026
One of the key strengths of the SBI Har Ghar Lakhpati scheme is flexibility in tenure. Investors can choose a duration based on their financial goals and monthly affordability.
Typically, the tenure ranges from around 3 years to 10 years. Shorter tenures require higher monthly contributions to reach ₹1 lakh, while longer tenures allow smaller monthly savings to grow steadily.
For a ₹2,000 per month plan, a mid-to-long-term tenure is generally preferred. A tenure of 4 to 6 years can help investors comfortably cross the ₹1 lakh maturity threshold, assuming stable interest rates. Longer tenures further enhance the maturity value, making it suitable for future goals like education, marriage, or emergency funds.
Expected Interest Rate on SBI Har Ghar Lakhpati
The interest rate for the Har Ghar Lakhpati scheme is linked to SBI’s recurring deposit rates, which are revised periodically. As of recent trends, SBI RD interest rates usually fall in the range of 6 percent to 7 percent per annum for general citizens, with senior citizens receiving a slightly higher rate.
By 2026, rates may change depending on RBI policies and market conditions. However, SBI traditionally offers competitive and stable rates, making the scheme reliable for long-term savers. The interest is compounded quarterly, which helps in gradual wealth accumulation.
Maturity Amount for ₹2,000 Monthly Investment
The biggest attraction of this plan is the maturity value. With a disciplined investment of ₹2,000 per month, the total amount deposited over five years comes to ₹1,20,000. With compound interest, the maturity amount can cross ₹1 lakh comfortably and may even approach ₹1.4 lakh depending on tenure and prevailing interest rates.
This makes the scheme ideal for people who want assured returns without exposure to market volatility. The final maturity amount is known in advance, helping investors plan their finances more effectively.
Key Benefits of SBI Har Ghar Lakhpati Scheme
The scheme offers several advantages that make it appealing to a wide range of investors.
Safety is the biggest benefit, as the scheme is backed by State Bank of India. There is minimal risk involved compared to equity or mutual fund investments.
Affordability is another major advantage. Starting with as low as a few thousand rupees per month, investors can gradually build a large corpus.
The scheme also promotes financial discipline. Fixed monthly deposits encourage regular saving habits, which is crucial for long-term financial stability.
Additionally, the flexibility in tenure allows investors to align the plan with their personal goals. Senior citizens also benefit from higher interest rates, making it suitable for retirement planning.
Who Should Consider This Scheme
The SBI Har Ghar Lakhpati scheme is suitable for salaried employees looking for a safe saving option, self-employed individuals with stable monthly income, homemakers wanting to save systematically, and parents planning for their children’s future expenses.
It is also ideal for people who are risk-averse and prefer guaranteed returns over high but uncertain market-linked gains.
How to Open an SBI Har Ghar Lakhpati Account
Opening an account under this scheme is simple. Existing SBI customers can start the plan through internet banking, the YONO app, or by visiting a nearby branch. New customers need to open a basic SBI savings account first.
Documents such as identity proof, address proof, and PAN card are generally required. Once the account is active, monthly installments can be automated through standing instructions, ensuring timely deposits without manual effort.
Final Thoughts
The SBI Har Ghar Lakhpati 2026 scheme with a ₹2,000 per month saving plan is a practical and reliable way to achieve a ₹1 lakh or higher maturity amount. With flexible tenure options, stable interest rates, and the trust of SBI, it serves as an excellent entry-level investment for disciplined savers.
While it may not offer exceptionally high returns, its safety, predictability, and ease of investment make it a valuable component of a balanced financial plan. For anyone looking to turn small monthly savings into a meaningful future fund, this scheme remains a strong and sensible choice.