Things you should know 👇 ⭐ To enable the customer to deposit one-time lump sum amount and receive re-payment of the same in monthly annuity instalment comprising part of the principal amount plus interest. ⭐Period of deposit: 36/60/84 or 120 months. ⭐Deposit amount based on minimum monthly annuity of Rs 1000/- for the relevant period. ⭐Premature payment allowed for the deposits up to Rs.15,00,000/-. Penalty chargeable, as applicable to Term Deposits. ⭐ In case of death of depositor, premature p

Guaranteed monthly income! To enable the depositor to pay one-time lump sum amount and to 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. Features of annuity deposit scheme of SBI: To enable the customer to deposit one-time lump sum amount and receive re-payment of the same in monthly annuity instalment comprising part of the p