Through investment, people plan to secure their future and secure, however, sometimes investing in the wrong place increases their problems and due to this, it becomes very important that you invest in the right place so that you do not have any problems. Yes, however, in the meantime, the country's largest state-owned bank State Bank of India has come up with an annuity scheme for customers.
Features of Annuity Scheme-
Investments can be made in the Annuity Scheme from all branches of SBI.
2- In the annuity scheme, at least 25 thousand rupees will have to be paid.
3- SBI employees and former employees will get 1% more interest.
4- Senior citizens 0. You will get 5% more interest.
5- The interest rates of term deposits will also be applicable to this scheme
6- The annuity will be paid on the scheduled date from the next month of the deposit being
7- The annuity will be paid to the savings account or the current account by deducting the TDS.
8- There is a better plan to get a good return on the lump-sum amount.
9- Overdraft of an amount up to 75% of the balance amount of the annuity under special circumstances/overdraft of the amount. You can get a loan.
10- The savings account gives better returns in the Annuity Scheme.
SBI's annuity scheme is fantastic - Everyone that SBI's scheme can be invested for a period of 36, 60, 84 or 120 months. Yes, and the rate of interest on investment in it will be the same as for term deposits of the chosen period. For example, suppose that if you deposited a fund for five years, you will get interest according to the rate of interest that applies to a five-year fixed deposit. The benefit of this scheme can be availed by any citizen of India.
How much money to invest for 10 thousand per month - If an investor wants a monthly income of 10 thousand rupees every month, then for that the investor will have to deposit 5 lakh 7 thousand 965 rupees and 93 paise. Yes, and on the deposited money, you will get a return at the rate of interest of 7 per cent, which will earn the investor about 10 thousand rupees every month. In such a situation, if you have a lump sum amount, then apply now.
Rule - SBI's annuity scheme has the rule to deposit a minimum of Rs 1000 per month although no limit has been fixed for the maximum investment. Let us tell you that in the annuity payment, the income starts after a certain time by charging interest on the amount deposited on the part of the customer. At the same time, these schemes are great for the future, but it is not possible for the middle class to raise so much money at the same time.
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