The SBI Annuity Deposit Scheme interest rate offers customers a fixed monthly income by paying out both the principal and interest on a lump sum deposit over a selected tenure. The interest rate for this scheme is the same as the interest rate applicable to SBI fixed deposits of similar tenures. You can call it monthly annuity installments. Let me share more details with you.
What is the Annuity Deposit Scheme SBI Interest Rate?
The tenure selected determines the interest rates for the SBI Annuity Deposit Scheme, which align with SBI’s fixed deposit rates. For instance:- For less than one year, it is 2.90% to 4.40%.
- For 1 to 2 years, it is 5%.
- For 2 to 5 years, it is 5.10% to 5.30%.
- For 5 to 10 years, 5.40%.
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What is SBI Annuity Deposit Scheme?
shikhar
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2024-12-26T19:36:28+00:00 2024-12-26T19:36:29+00:00Comment
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