New Delhi: Any person wants to invest his deposits in such a place, where his money is safe as well as he can get a certain return.Â
But sometimes investing in the wrong place creates problems instead of profit. In such a situation, it becomes very important that you invest in the right place. That’s why today we are telling you about such a scheme, where you can invest your money. From these schemes, you also start getting monthly income after a certain period of time.
Let us tell you that the country’s largest State Bank of India (SBI) is one of the safest options. By investing in the scheme of this bank, you can get up to Rs 10000 every month. So let’s know about these schemes.
This is SBI’s Annuity Scheme:
This scheme of SBI can be invested for a period of 36, 60, or 120 months. The interest rate on investment in this will be the same as for term deposits for the chosen tenure. Suppose if you deposit the fund for five years, then you will get interest according to the interest rate applicable on the fixed deposit of five years. Everyone can take advantage of this scheme.
Such will be the income of Rs 10,000 every month,
if someone wants a monthly income of Rs 10 thousand every month in this scheme, then he will have to deposit Rs 5,07,964. At the same time, on this deposited amount, he will get a return of 7 percent interest rate, due to which the investor will earn 10 thousand rupees every month. If you have 5 lakh rupees to invest and you want to increase your income in future, then this is a good option for you. In this annuity scheme, a minimum of Rs 1000 can be deposited for monthly annuity.
