Get Rs.12,000 per month # Shorts #finance #governmentscheme #education #Learning #Savings

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Издатель Jan 12, 2023

Get Rs.12,000 per month # Shorts #finance #governmentscheme #education #Learning #Savings #fixeddepositscheme #annuityinvestment #earnmoneyonline #earning

Annuity Deposit Scheme, 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 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 25,000.
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.