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SBI annuity deposit scheme details in Kannada/SBI annuity deposit interest calculated/monthly income

SBI annuity deposit scheme details in Kannada/SBI annuity deposit interest calculated/monthly income//@RG Tv Kannada
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What is Annuity deposit scheme of SBI?

SBI Annuity Deposit Scheme is a scheme which 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.
How does SBI Annuity deposit scheme work?

In case of SBI annuity scheme, the deposit is accepted as one time and that sum including the interest upon reducing the principal is then repaid in instalment to the customer over the selected period.
Why is an Annuity better than FD?

The reason that the Annuities take more time to gain maturity than FD's is because of the opted policy terms by the investor. In FD, there is limited liquidity, whereas, in Annuity, there is no limit to liquidity. The entire amount is blocked in FD during the fixed tenure, and only limited liquidity is allowed.

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3 ноября 2021 г. 15:30:08
00:05:23
RG Tv Kannada
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