New Delhi: SBI Annuity Deposit Scheme: If you are thinking of investing in the future, you can invest in a scheme in which you get a fixed amount every month. You can invest in the annuity deposit scheme of State Bank of India (SBI), the largest bank in the country. In this plan you will have to deposit a lump sum and you will get a fixed EMI for the month.
What is SBI’s annuity deposit scheme?
According to the information available on the bank’s website, in SBI’s annuity deposit scheme, the depositor has to pay a lump sum and receive the same amount in monthly installments (EMI). This includes the principal amount as well as the interest on it. Interest is calculated on a quarterly basis.
What are the features of the scheme?
Under this scheme the customer has to deposit a lump sum and that amount will be refunded in the form of monthly annual installment.
This will include interest along with the principal amount.
Deposit period is 36, 60, 84 or 120 months.
योजना This scheme is available in all branches of SBI.
रक्कमThe deposit amount is based on a minimum of Rs.1000 per annum for the respective period.
Premature payment is allowed on deposits up to Rs 15 lakh. A fine may be levied. This is applicable as per term deposit.
अका Premature payment can be made without any limit in case of death of the depositor.
There is no limit on the maximum deposit amount.
The interest rate will be the same as for term deposits available for individuals and senior citizens.
एनAnnuity is paid on the same date of the month after the month of deposit.
💠If that date does not exist in that month (29, 30 and 31), it will be given on the first day of the next month.
ंकनNomination facility is available to individuals only.
ांमध्येIn special cases, overdraft or loan up to 75% of the annuity balance can be obtained.
पुढीलAfter getting the loan, the next annuity will be given only in the loan account.
Amazon Great Indian Festival: Redmi’s flagship smartphone for just Rs 7,020, find out the offer
After Air India, now Narendra Modi will sell the government company, preparations are complete
If you invest in SBI’s ‘Ya’ scheme, then you will earn every month