Q: What is the SBI Har Ghar Lakhpati RD Scheme?

The Har Ghar Lakhpati (HGL) scheme is a customized Recurring Deposit (RD) variant by SBI. Its objective is to help customers accumulate a maturity amount of ₹1.00 lakh or more through systematic monthly deposits over a chosen tenure.

Q: What are the minimum and maximum tenures available?

The minimum period of deposit is 3 years (36 months), and the maximum period is 10 years (120 months).

Q: What interest rates are offered?

Interest rates vary based on tenure and customer category. The maximum rate for the general public is 6.75% (for 3 and 4 years), and for senior citizens, it is 7.25% (for 3 and 4 years). Interest is compounded quarterly.

Q: What happens if I miss a monthly installment?

Missing an installment results in a penalty (e.g., ₹1.50 per ₹100 for tenors up to 5 years). If six consecutive installments are missed, the account is prematurely closed.

Q: Is there any tax benefit under this RD scheme?

No, there is no specific tax deduction available. The interest earned is taxable as per your income tax slab. TDS is applicable if annual interest exceeds ₹40,000 (general) or ₹50,000 (senior citizens).

Q: Can I take a loan against the deposit?

Yes, a loan facility of up to 90% of the accumulated deposit balance may be available, subject to bank rules.

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Home
Calculators
LIC Bima Lakshmi (881) LIC Protection Plus (886) LIC Bima Kavach (887)
LIC Jan Suraksha Plan (880) SBI Contra Fund Calculator LIC Sanchay FD PM-VBRY Yojana Calculator PM-VBRY Employer Calculator ZBNF Calculator Amrit Vrishti Palanhar Yojana Calculator MSSC Calculator HGL Calculator
PO MIS
SBI MIS Calculator
Nav Jeevan Shree (912)
Blog

Har Ghar Lakhpati (HGL) Scheme Calculator

Calculate the monthly deposit (RD) required to achieve your target maturity with the SBI Har Ghar Lakhpati scheme.

Last Updated: November 10, 2025

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