Tue, Jan 23, 2024
When you are old, your earnings may deplete, but your expenses remain the same. At times, expenses increase because of medical needs or for some other reasons. In such a situation, you need regular monthly income. SBI Annuity Deposit Scheme is one such investment plan that can help you get income every month in the form of equated monthly installments (EMIs). However, it's not a scheme solely based on retirement, an investor can also use it as a lump sum investment option to get regular monthly returns.
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Wed, Mar 02, 2022
What is an annuity deposit scheme? Under this scheme, a lump sum amount is deposited by a customer which is then repaid to the customer over a period of time and is equated as monthly installments. These installments comprises a part of principle amount and the interest on the reducing principle amount as well.
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