You will get a big amount every month by investing once, both SBI-Post Office have the scheme
Better returns are available in SBI and Post Office
Today we will tell you about the investment scheme of India’s largest bank SBI and Indian Post. With two such schemes of SBI and Post Office, you can get better returns.
SBI Annual Deposit Scheme
SBI Annuity Deposit Scheme is a monthly income scheme in which customers can make direct payments. At the end of the year, interest and principal are combined to get a good amount. The maturity period of the deposit can be 36, 60, 84, or 120 months. Anyone can buy this deposit scheme. Minor also meets the requirements for that. They can open accounts in SBI Annuity Deposit Scheme individually or together. As per the tariff specified on June 14, 2022, the bank is currently promising 5.45 percent to 5.50 percent interest. It is between 5.95 and 6.30 percent for senior citizens.
Post Office Monthly Income Scheme
Post Office Monthly Income Scheme is also a good option. MIS accounts can be opened alone or with a maximum of three people. The deposit amount required to open the account should be 1000 or 1,000 in the hospital. The maximum investment limit for the amount is Rs 4.5 lakh for a joint account and Rs 9 lakh for a joint account. The annual interest rate subject to tax from India Post MIS or MIS Office Post is 6.6 percent. From the day an account is opened, customers will get interested every month for a period of 5 years.