SBI Annuity Deposit Scheme: The State Bank of India (SBI) has introduced an annuity deposit scheme. The one-time lump sum amount is deposited and it is paid back to customers in equated monthly installments (annuity) with the principal and interest amount. This scheme is mainly considered for senior citizens, Pensioners, and those who need no…
SBI Savings Account for Minors is a savings scheme offered by the State Bank of India for the children below the age of 18 years. Ensures that children learn to manage their finances and also know about the importance of savings. SBI offers two schemes under the minor category, such as Pehla Kadam and Pehli…
Mahila Samman Savings Certificate – MSSC is a savings scheme designed by the Indian government and started in the year 2023 for Women’s and girl children’s welfare and provides them financial independence. This scheme has a short-term duration of 2 years. Key features of Scheme: Tenure: Interest Rate: Investment Amount: Eligible People: Method of deposit:…
