People plan to secure their future by investing but often create problems instead of investing in the wrong place. In such a situation it becomes very important for you to invest in the right place. But today we are going to tell you something where you should consider for investment, through which you start getting monthly income after a certain period of time. Here we are going to tell you about SBI’s anniversary plan.
This scheme of SBI can be invested for 36, 60, 84 or 120 months. The interest rate on the investment will be equal to the fixed term fixed deposit. Suppose you deposit funds for five years, but you get interest at the rate of interest applicable to a five-year fixed deposit. Everyone can get this scheme.
What to do for a monthly income of Rs 10,000
If an investor wants to earn Rs 10,000 per month, he has to deposit Rs 5,07,964. He will get a return on the amount deposited at a percentage interest rate, which is about Rs 10,000 per month. If you have Rs 5 lakh for your investment and you want to increase your income in the future, this is a better option for you.
Learn how to invest
A minimum of one thousand rupees can be deposited in the SBI Anniversary Scheme. There is no limit to the maximum investment. Paying an annual fee, the interest starts on the amount deposited by the customer after the specified period. These schemes are very good for the future but the middle class cannot raise so much money together.
Usually middle class people do not have that much money. In such a situation, most people secure their future by investing in Recurring Deposit (RD). This amount is collected through short savings in RD and then returned to the investors by applying interest on it. For this reason, repeated deposits are very much preferred among the common people.