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Banglahunt Desk: If you have an account with the State Bank of India, the state-owned bank of the country, you will get 5833 rupees per month. But for that, you have to invest in the bank's annuity deposit scheme. Many people don't know about this scheme. You will benefit if you know. What is this Annuity Deposit Scheme?

How to earn 5833 rupees per month from this? Know. The annuity Deposit Scheme is a type of monthly income planning scheme of the State Bank. Investing money in this scheme will earn interest in your account every month. In this, you can invest a minimum of 1000 rupees per month.

That is, the more money you invest, the more monthly interest you will get. There is no maximum investment limit in this scheme. General customers and senior citizens are offered interest at par with State Bank Fixed Deposits in this scheme. However, the interest rate is different according to the tenure. If you want to invest for the long term, then you can do it for 5 to 10 years.
The general customers will get 6.50 per cent interest and senior citizens will get 7 per cent interest. Now let's see how to earn 5833 rupees per month, that amount. If you want to earn this money, you have to invest at least 10 lakh rupees for two years. Because otherwise, maximum interest will not be available. If you get interest at 7% on Rs 10 lakh, you will get around Rs 5833 per month.
The total maturity amount will be Rs.14 lakhs. In the same case if you are a senior citizen then the income figure will increase further. Because in that case, you will get 7.5 per cent interest. If you get 7.5 per cent interest on an investment of 10 lakh rupees, you will get 6250 rupees per month. In that case, the total maturity amount will be 15 lakhs.