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SBI Annuity Deposit Scheme
SBI Annuity Deposit Scheme channelizes savings of a person to get regular monthly income. Investors can deposit their savings in a lump sum to get monthly income over a fixed tenure. This video covers the SBI Annuity Deposit Scheme, its features, and frequently asked questions about the scheme in detail.
SBI Annuity Deposit Scheme is a scheme that enables investors to use their savings to get regular income. In this scheme, an investor can invest in a lump sum and receive Equated Monthly Instalments (EMI). The EMI includes both the principal and interest. The interest is compounded quarterly and discounted to the monthly EMI value. Also, the rate of interest will be as per SBI rules and norms.
All resident individuals, including minors, can invest in this scheme through single or joint accounts. The minimum deposit amount should not be less than INR 35,000. There is no limit on the maximum amount of investment in the SBI Annuity Deposit Scheme. Investors can choose from the available tenure options, which are 36, 60, 84, or 120 months. Moreover, investors can take a loan against their SBI annuity deposit scheme. However, it is granted only for special cases.
हर महीने होगी Guaranteed Income | SBI Annuity Deposit Scheme 2023 | SBI Annuity Scheme |
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This video is for educational/ informational purposes only.
Copyright Disclaimer under Section 107 of the Copyright Act 1976,
allowance is made for"fair use" for purposes such as criticism, comment,
news reporting, teaching, scholarship, and research.
Fair use is a use permitted by copyright statute that
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👉Category - Education
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