SBI’s pension-like FD scheme : Hello friends, if all of you are interested in making your future financial planning safe and beneficial? Then today’s post is important for you,
For all of you, State Bank of India has introduced a pension like Fixed Deposit Scheme which can be ideal for you, through this scheme you will not only be able to get safe returns but will also be able to avail the golden opportunity of tax free.
Benefits of fixed deposit scheme like pension
This scheme converts your investment into retirement pension and along with getting regular monthly income, you will get the following benefits:-
- This investment option is very safe.
- Fixed returns per month.
- Long term assurance.
- Golden opportunity to get returns from tax.
- ब्याज दर पर जोखिम न के बराबर.
- The process is very transparent and easy
Information about State Bank of India’s Fixed Deposit Scheme
- Minimum investment amount: ₹10000
- Maximum investment amount limit: No maximum investment amount limit
- Tenure of this scheme: 5 years to 10 years
- Interest rate offered on the scheme: 5% to 7%
- The total amount will be received on maturity.
For which citizens is this scheme
State Bank of India’s pension plan is as beneficial for senior citizens as fixed deposits because of the following reasons:-
- Additional interest rate will be available
- Special facility has been provided.
- There is no charge for pre closure
- Highest security guaranteed.
- You will get returns every month
Important Benefits of SBI Monthly Income Plan
If you are looking for regular monthly income then State Bank of India Monthly Income Scheme is very important for you. Under this scheme, how much interest rate will be given on investing how much amount and what will be the monthly income and what will be the total maturity amount, it is given below:-
| Year | Amount to invest | interest rate received | per month income | Total maturity amount |
|---|---|---|---|---|
| 1 | ₹100000 | 5.5 % | ₹458 | ₹10550 |
| 2 | ₹200000 | 6.0 % | ₹1000 | ₹212000 |
| 3 | ₹300000 | 6.5 % | ₹1625 | ₹329250 |
| 4 | ₹400000 | 7.0 % | ₹2333 | ₹456000 |
| 5 | ₹500000 | 7.0 % | ₹2917 | ₹585000 |
| 6 | ₹600000 | 7.0 % | ₹3500 | ₹702000 |
| 7 | ₹700000 | 7.0 % | ₹4083 | ₹819000 |
| 8 | ₹800000 | 7.0 % | ₹4667 | ₹936000 |
how can i apply
If you want, you can apply for this scheme either online or offline. Online application will be done through the official website while offline application will be done through the nearest branch of State Bank of India.
