Good news for SBI customers! Invest in this scheme and earn 10 thousand rupees every month sitting at home
People plan to secure their future through investing, but sometimes investing in the wrong place creates problems instead of benefits. It is very important that you invest in the right place. You should consider investing in it, through which you will start receiving monthly income after a certain period of time. Here we are telling you about SBI’s annuity scheme.
Good news for SBI customers! Invest in this scheme and earn 10 thousand rupees every month sitting at home
SBI’s plan
The SBI scheme can be invested in for a period of 36, 60, 84, or 120 months. The interest rate on this investment will be the same as for the term deposit of the selected period. Assuming that you deposit funds for five years, you will get interest-only according to the interest rate applicable on five-year term deposits. Everyone can avail of this scheme.
This is all SBI has to invest in this scheme
If an investor wants a monthly income of Rs 10,000 per month, he has to deposit Rs 5,07,964. The deposit will be returned at an interest rate of 7%, which is about Rs. 10,000 per month. If you have Rs 5 lakh to invest and you want to increase your income in the future, this is a good option.
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A minimum of Rs 1,000 per month can be deposited in the SBI Annual Plan. There is no limit to the maximum investment. In annual payment, interest starts on the amount deposited by the customer after a certain period of time. This plan is very good for the future.
There is usually a lump sum for the middle class. In such a situation, more people secure their future by investing in Recurring Deposit (RD). The amount can be collected through small savings in RD and again it is given to the investor with interest. This is why recurring times are very popular among the common people.
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You can also earn 10,000 rupees every month from this scheme of State Bank of India.
New Delhi. Everyone plans to secure their future through investment, but many times, investing in the wrong place leads to loss of profit. In such a situation, it becomes very important that you invest your hard-earned money in the right place, which is safe and profitable. Today we are going to tell you about one such investment tool, which you can definitely think about. After a certain period you will get monthly income from this investment. Today we are telling you about the annuity scheme of SBI.
SBI Great scheme of
Under this scheme of SBI, you can invest the amount for 36, 60, 84 or 120 months. The rate of interest will be the same for all periods. You can choose a term deposit plan for the period of your choice. If you opt for the fund deposit scheme for five years, then you will be paid interest at the same rate as applicable for fixed deposit for 5 years.
10,000 for monthly income you have to deposit so much
If an investor wants to get a monthly income of Rs 10,000 every month, then he has to deposit Rs 5,07,964 in this scheme. He will get 7% interest rate on the deposit amount, which will be around Rs. 10,000 monthly. If you have more than 5 lakh rupees to invest and you want to increase your income in future then this is a better option for you. Because with the assurance of returns in it, your money is also completely safe
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Rules for investing
You can invest a minimum of Rs 1,000 every month in SBI Annuity Scheme. There is no limit for maximum investment in this scheme. In annuity payment, interest is paid on the amount deposited by the consumer for a fixed period. This scheme is a better option for future, but it is not suitable for middle income group as it may not be possible for them to deposit such huge amount together.
Trust on RD more than annuity scheme
Generally, middle class people do not have much cash. In such a situation, most people invest in the Receiving Deposit (RD) to secure their future. It accumulates money in the form of small monthly savings and earns interest on it. After a certain period, the amount along with interest is returned to the investor. Due to this small monthly savings, this scheme is very much liked by the common people.