SBI Annuity Deposit Scheme Calculator is tool that will help you to know the montly income by investing in SBI Annuity Deposit Scheme in very simple and easy steps. Our This calculater needs only few data to feed and it will calculate how much monthly you will get and total interest earned over the given period of time.
SBI Annuity Deposit Scheme Calculator
What is SBI Annuity Deposit Scheme Calculator ?
First know about SBI Annuity Deposit Scheme. The SBI Annuity Deposit Scheme is the deposite scheme in which one can invest once and withdraw amount monthly with gain of Interest earn on investment. Our SBI Annuity Deposit Scheme Calculator will help to get estimated monthly payout and it will calculate total inerest earned.
Example :
Deposit Amount: ₹10,00,000
Interest Rate: 7% per annum
Tenure: 5 years (60 months)
Monthly Payout Calculation
Using SBI Annuity Deposit Scheme Calculator the monthly payout will be ₹19,761.
Total Amount Received in 5 Years:
₹19,761 × 60 = ₹11,85,660
(This includes both principal and interest earned.)
Total Interest Earned:
₹11,85,660 - ₹10,00,000 = ₹1,85,660
Also Check :-SBI Annuity Deposit Scheme Monthly Income Calculator Excel Sheet
How to use SBI Annuity Deposit Scheme Calculator ?
Enter deposit amount, interest rate, and tenure (in months). Click "Calculate Monthly Payout". It calculates:
- Monthly Payout
- Total Interest Earned over the selected tenure.
Both values are displayed below the button.
FAQs
What is the interest rate for the SBI Annuity Deposit Scheme?
The interest rate is the same as SBI Fixed Deposits (FDs) for the selected tenure. It may vary from time to time based on SBI’s FD rates.
Can I take a loan against my SBI Annuity Deposit?
Yes, SBI allows loans up to 75% of the balance amount in the annuity deposit account. However, the monthly payouts will be adjusted to recover the loan amount.
What is the minimum and maximum deposit amount?
The minimum deposit varies by branch, but generally starts from ₹25,000. There is no upper limit on the maximum deposit amount.