INSUBCONTINENT EXCLUSIVE:
Under SBI's annuity FD account, the minimum amount of deposit is Rs 25,000.State of India (SBI) offers various deposit scheme accounts under
it's personal finance portfolio
SBI's deposit scheme ranges from fixed deposit (FD) scheme to recurring deposit (RD) scheme, from tax savings scheme to multi option deposit
The lender has a plenty of schemes to choose from when it comes to picking a fixed deposit (FD)
receive the same in equated monthly instalments (EMIs), comprising a part of the principal amount as well as interest on the reducing
principal amount, compounded at quarterly rests and discounted to the monthly value, said SBI.Here are key things to know about SBI's
tenure of SBI's annuity deposit account scheme can be chosen from 36 months, 60 months, 84 months or 120 months (three years, five years,
The rate of interest charged is same as applicable to the fixed deposit account of the tenure as opted by the depositor
SBI revised interest rates on retail fixed deposits with effect from 30th July, 2018
The following FD interest rates are for deposits below Rs
1 crore:TermInterest rate for general public w.e.f
30.07.2018Interest rate for senior citizen w.e.f
balance amount of annuity can be granted on special cases, stated SBI
After disbursal of /loan, further annuity payment is deposited in loan account only.
