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Friday, 19 February 2021

Good news for SBI customers! Invest in this scheme and earn 10 thousand rupees every month sitting at home

 Make 10 thousand rupees per month through this investment / SBI scheme, know all the information

People plan to secure their future through investment. But sometimes investing in the wrong place increases the hassle instead of the benefit. It is very important that you invest in the right place. Here is what you should consider when investing. Through which you seem to receive a monthly income after a certain period of time. Here we are informing you about SBI's Annuity Deposit Scheme.

State Bank of India, the country's largest government bank, offers the option of opening an annuity deposit account. This account gives customers a fixed amount every month after depositing the full amount. This scheme is more beneficial for those people. Who have no other major source of income.

Special scheme of SBI

You can invest in this SBI scheme for a period of 36, 60, 84 or 120 months. The interest rate on the investment will be the same as for the fixed deposit of the selected period. Assume that if you deposit funds for 5 years, you will get interest only at the interest rate applicable on 5 year FD. Everyone can avail this scheme.

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Special mention of Annuity Scheme

The SBI Annuity Deposit Scheme is opened by all residents including minors.

Under the scheme, there is a facility to transfer the account from one branch of SBI to another.

The minimum deposit in SBI Annuity Deposit Scheme is Rs. 25,000.

There is no maximum deposit limit in this scheme.

The interest rate offered in the annuity deposit scheme is the same as the interest rate on SBI's fixed deposit.

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The interest rate to be paid to senior citizens aged 60 years and above will be more than 0.50%.

The interest rate applicable to SBI staff and SBI pensioners will be 1.00% higher than the applicable interest rate.

Payment of interest in the scheme will start from the month following the day the account was opened.

In special cases, there is an overdraft / loan facility up to 75% of the annuity balance account.

Under the scheme, the account is allowed to close before maturity in case of death of the depositor.

Premature payment is allowed on deposits up to Rs 15 lakh. However, there is a penalty on premature closure.

Scheme

What to do for a monthly income of Rs 10,000

If an investor wants a monthly income of Rs 10,000 per month, he has to deposit Rs 5,07,964. He will get a return at 7% interest rate. Which is about 10,000 rupees per month. If you have Rs 5 lakh to invest then this is a good option for you if you want to increase your income in future.

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