SBI Annuity Deposit Scheme: State Bank of India has an excellent annuity scheme available. By joining this, you can get guaranteed returns of Rs.11 thousand per month. Monthly returns will continue for 10 years. Now let us know how to join this scheme.
SBI Annuity Deposit Scheme: State Bank of India (SBI) offers various schemes for its customers. They provide various benefits. SBI has an Adire Annuity scheme available for those who want a steady return every month. By joining this, you can get Rs. per month for a maximum period of 10 years. 11 thousand can be received. But how to join this scheme? How much deposit can get maximum returns. Let’s know the complete details.
By joining State Bank of India Annuity Deposit Scheme (SBI Annuity Deposit Scheme) you can get steady income every month. According to the official website of State Bank of India.. anyone can join this scheme. With a maturity period of 3 years to 10 years, you can get money on a monthly basis. Maturity period of 36 months, 60 months, 84 months, 120 months can also be selected. You can choose the Maturity Tenure as per your convenience and deposit.
You have to deposit at least Rs.1000 per month to get income. SBI Annuity Plan allows you to get maximum amount. There is no maximum limit to invest in this. The return you get depends on your deposit cash. One has to deposit a large amount at once. The annuity scheme also has an overdraft facility. 75 percent of the deposited amount can be received as an overdraft.
If you want to deposit in SBI Annuity Scheme, you can go to the nearest SBI branch and deposit.
- You have to invest a lump sum in this scheme.
- The bank pays you a portion of your investment money, plus interest, every month.
- You pay the money up to the maturity period you choose.
- If you invest Rs.10 lakh you can get Rs.11,870 per month through annuity scheme. The first month’s payment will come to Rs 6,250 with an interest rate of 6.5 per cent. Along with that, Rs. 5,620 will be paid together from the invested money. With this you will get more than Rs.11 thousand per month. By joining this scheme, there is an opportunity to get tax exemptions under Section 80 TTB of the Income Tax Act 1961.
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