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SBI deposits will be deposited once in a year

SBI deposits will be deposited once in a year
The country's largest bank, State Bank of India, is continuously introducing newer screens to attract its customers. Investing together in one of the scheme's annuity, receives monthly income for a regular period of time.
In the annuity payment, the receipt of income is started after a determined period by investing interest on the amount deposited by the customer.
he scheme can be invested for at least Rs.1000 monthly Annuity, which is 25 thousand rupees. There is no limit to maximum investment. Anuity deposit can be done for 36/60/84 or 120 months period. Interest rates on these deposits will be applied to the term deposits chosen by the depositor. Suppose, if you want to deposit annuity for 5 years, the current interest rate will be charged on 5 years FD.
In case of death of the depositor, it is allowed to withdraw before the time. In addition, a loan can be taken up to 75% on deposits in Anuitu. If you choose a loan option, the future annuity payment loan will be deposited in the account until the full loan amount is returned.

If you want monthly interest of 10 thousand rupees for 5 years, you will have to deposit Rs 5,07,965.93 in Annuity Deposit by 7% interest rate.
How different from Anueti RD:

Annuity Deposit is different from RD. In RD, the depositor deposits a fixed amount every month and receives a fixed amount on maturity. But in the case of an annuity deposit, there is an extreme. Where the depositor deposits the amounts together and receives a fixed amount every month for a full term.

Why are different from anuitive FD:

In the case of FD, the depositor deposits a single sum together for a particular period, such as 1 year, 2 years, 5 years or 7 years etc. The zodiac sign comes together with the interest on the maturity.
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