How to receive a monthly income of Rs 10,000 with the SBI Annuity Deposit Scheme | Details of the SBI Annuity Scheme | T World
Watch►SBI Annuity Deposit Scheme To Get Regular Monthly Income Rs 10,000 | Sbi Annuity Scheme | Telugu World... ( read more )
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The State Bank of India (SBI) Annuity Deposit Scheme is a government-backed scheme designed for those who seek regular monthly income, especially after retirement. The scheme is a financial investment plan that promises to provide steady returns to the investors. Under the SBI Annuity Deposit Scheme, the investment works similarly to an insurance policy. The depositor invests a lump sum amount, and the bank provides the investor with a monthly income for a predetermined period. For instance, if you invest Rs 12 lakhs under the scheme at the age of 60 for 10 years, you are entitled to receive a monthly interest of Rs 10,000 for ten years. In other words, investors