SBI Saving Scheme: If you too are thinking of investing in a place where your money will also be safe and also you can get a certain return. So SBI offers customers the option of saving from Fixed Deposit (FD) to Public Provident Fund (PPF). By investing in some schemes of the bank, you can get up to 10000 rupees every month.
The person always wants to invest his accumulated capital in a place where his money is also safe and at the same time it can get a certain return. But sometimes investing in wrong place creates problems instead of profit. In such a situation it becomes very important that you invest in the right place. Today we are telling you about some such schemes where you should consider investing. With these schemes you start receiving monthly income after a certain time. We are telling you about the annuity plan of SBI.
The country’s largest bank, State Bank of India (SBI) is one of the safer options. SBI offers its customers the option of saving from Fixed Deposit (FD) to Public Provident Fund (PPF). By investing in some schemes of the bank, you can get up to 10000 rupees every month. So let’s know about these saving schemes.
SBI annuity scheme
SBI scheme can be invested for a period of 36, 60, 84, or 120 months. In this, the interest rate on the investment will be the same, which will be for the term deposit for the chosen period. Suppose if you make a fund deposit for five years, you will get interest-only according to the interest rate applicable to the fixed deposit of five years. All people can take advantage of this scheme.
SBI Saving Scheme: this way, the income of Rs 10,000 every month:
if an investor wants a monthly income of Rs 10,000 every month, then he should get 5,07,964 Must deposit Rs. On the amount deposited, he will get a return at an interest rate of 7 percent, which is about 10,000 rupees every month. If you have 5 lakh rupees to invest in and you want to increase your income in the future, then this is a better option for you.
Minimum Rs 1000 can be deposited in SBI annuity scheme for monthly annuity. There is no limit for maximum investment in this. After annotation of interest on the amount deposited by the customer in annuity payment starts. These plans are very good for the future.
Recurring deposit (RD) scheme
is generally secured by middle-class people investing in RD to secure their future. Every month a fixed amount is deposited in RD through small savings and at maturity a certain amount is met with interest. Recurring deposits are very much liked among the common people.