About the video -
State bank of India (SBI) Annuity Deposit Scheme is a scheme where an investor deposits a lump sum amount with the bank and get a monthly payment that also has the principal amount and the interest that has accrued on the diminishing principal amount that is held with the bank. They are also called monthly annuity installments. The tenure of the scheme is either three years, five years, seven years, or ten years. The rate of interest given in the scheme is the same as the term deposit of the same period. In the video I have given detailed information about SBI Annuity Deposit Scheme and also shown with the help of a calculator how an investor would earn fixed monthly income of Rs.24,000/- with a one time investment of Rs 10 lakhs. Hope my video will be helpful to all.
#sbi #annuity #income #investment
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About -
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