BusinessPhoto: NDTV BusinessSBI's Lakhpati Recurring Deposit Helps Families Save Rs 1 Lakh
The State Bank of India's Har Ghar Lakhpati Scheme enables families to build a savings corpus of Rs 1 lakh through monthly recurring deposits. Tenures range from three to 10 years, with monthly installments starting at Rs 2,510 for three years and Rs 610 for 10 years for the general public. Senior citizens receive slightly lower monthly payments. Interest rates vary from 6.55% for shorter terms to 6.30% for longer tenures.
NDTV Business·




