SBI की Regular Income वाली स्कीम | Annuity Deposit Scheme 2023 | Investment Plan for Monthly Income
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In this video of Josh Money, we will be talking about SBI Annuity Deposit Scheme.
SBI Annuity Deposit Scheme channelizes savings of a person to get regular monthly income. Investors can deposit their savings in a lump sum to get monthly income over a fixed tenure. This जोश Money video covers the SBI Annuity Deposit Scheme, its features and frequently asked questions about the scheme in detail.
SBI Annuity Deposit Scheme is a scheme that enables investors to use their savings to get regular income. In this scheme, an investor can invest in a lump sum and receive Equated Monthly Instalments (EMI). The EMI includes both the principal and interest. The interest is compounded quarterly and discounted to the monthly EMI value. Also, the rate of interest will be as per SBI rules and norms.
All resident individuals, including minors, can invest in this scheme through single or joint accounts. The minimum deposit amount should not be less than INR 25,000. There is no limit on the maximum amount of investment in the SBI Annuity Deposit Scheme. Investors can choose from the available tenure options, which are 36, 60, 84 or 120 months. Moreover, investors can take a loan against their SBI annuity deposit scheme. However, it is granted only for special cases.
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SBI’s Annuity Deposit Scheme 2023: A Smart Investment Plan for Monthly Income
When it comes to planning our finances for the future, one thing that comes to mind is how to ensure a steady source of income, even after retirement. SBI, one of the largest banks in India, has come up with an excellent solution for this – the Annuity Deposit Scheme 2023.
What is the Annuity Deposit Scheme?
The Annuity Deposit Scheme, also known as SBI’s Regular Income Scheme, is a fixed deposit scheme that offers a monthly income to investors. It is designed to help individuals secure a stable income flow, especially during their retirement years, and provides a reliable investment option with attractive interest rates.
How does it work?
Under this scheme, investors need to deposit a lump sum amount of capital with a specified minimum deposit, which is currently set at Rs.25,000. The investment term ranges from 3 years to 10 years, and investors can choose the duration as per their preference. The interest rate varies based on the term selected, with longer tenure options offering higher interest rates.
Once the investment period ends, investors start receiving monthly interest payouts, which can serve as a great source of regular income. The payout is made in the form of both principal and interest, which ensures that the investor’s deposited amount is steadily returned over the tenure of the scheme.
Benefits of the Annuity Deposit Scheme
1. Monthly income: The primary benefit of this scheme is the regular monthly income it provides. This is particularly advantageous for individuals who rely on a steady cash flow to meet their financial commitments post-retirement.
2. Attractive interest rates: The interest rates offered by the Annuity Deposit Scheme are compelling, especially when compared to traditional savings account interest rates. This ensures that investors can maximize their returns while maintaining stability and safety.
3. Flexibility in tenure: Investors have the freedom to choose the duration of the scheme that suits their needs best. This flexibility allows individuals to align their investment plan with their financial goals effectively.
4. Eligibility for loans: One notable advantage of this scheme is that it allows investors to avail loans against their deposit. This can be extremely helpful in times of financial emergencies, as it offers a way to withdraw funds without breaking the deposit prematurely.
5. Tax benefits: The interest earned through this scheme is subject to taxation, as per the applicable income tax regulations. However, investors can take advantage of tax exemptions by investing under the Senior Citizen Savings Scheme (SCSS). This can help individuals save on taxes and enhance their overall returns.
Conclusion
SBI’s Annuity Deposit Scheme 2023 is a well-crafted investment plan that offers a reliable and steady source of monthly income. With attractive interest rates, flexible tenure, and eligibility for loans, it provides a great opportunity to secure a comfortable future. So, invest wisely and plan ahead to ensure you enjoy a stress-free retirement.
Madam hamne lagaya huaa Paisa vapis to milta hai na
Pagal hai kya
Mai bayaj me deta hu
100000×5%×12month ÷100=60000 biyaj 1year
Total muldhan =160000
Madam, how come we will get monthly Rs.37,087 on Rs.20,00,000 means Bank is giving 23% interest yearly. Please explain.
Scheme achchi hai
Aap hame 20 Lak do ham aapko usse jyada return dega.. monthly 42 thousand dega… 5 years Tak… Logo ko govt Bank bebkoof banaya hai…Sabse jyada fraud public sector k bank karte hai.. ek aam aadmi loan jaldi nahi le sakta lekin jisko jugad hai.. unke to balle balle hai.
Don't misguide
Bakwas rates
Chutya scheme
What happen so the principle amount after the term period please?
Mam ek bat bolu bura mt mnna aur man v gyi to i don't care
De sko to achhi slah do wrna bdbad krne wale bhut option hai apne pass v
Bkwas plan hai
SBI ANNUITY SCHEME CAN MAKE NRI
Agar sach hai to Very nice plan hai ma'am
Whatever explained is true. I hv done 2 e- Annuity deposit via YONO platform in mobille. And enjoying the scheme. It is good for those who hv enough corpus ( like retired persons).It is your money being returned with fd rates. Advisable to those having no financial discipline.
VERY. NICE. SCHEME. PM. INCOME.
Get surprised, b'coz u r getting ur own money hahaha. Be careful of youtuber like this they will tubeyou.