In today’s busy life, everyone wishes that there should be a system through which they can earn something every month while sitting at home.
But now you do not need to worry about this because by investing in SBI Bank’s monthly income schemes, you can earn a good amount every month.
Golden Opportunity for Monthly Income
SBI Bank runs many of its monthly income schemes, in which by investing you can get a fixed amount every month. These schemes have been made by the bank keeping in mind the needs of the people so that everyone can earn every month by investing according to their savings.
SBI’s Monthly Income Schemes
By investing in many savings schemes of SBI Bank, customers get money every month. Mainly the bank runs 6 types of savings schemes, in which you can earn every month. What are these schemes, see below –
SBI Fixed Deposit Monthly Income Schemes
SBI Mutual Fund Monthly Income Fund
SBI Life Insurance – Money Back / Income Plan
SBI Life – Wealth Creation Plan
SBI Life – Savings Schemes
SBI Life – Retirement Plan
By investing in these schemes, you can get income from home every month. The bank gives you monthly money if you invest a lump sum amount.
The money you get every month is the interest money on the amount invested by you, which the bank gives you every month.
At the time of maturity, you get back only the amount invested by you and you keep getting interest every month.
SBI Monthly Income FD Scheme
In the Term Savings Account Scheme of the State Bank of India, customers get the option to invest for 7 days to 10 years. In this, customers have to start investing with a minimum of ₹ 1000 and due to there being no maximum limit, you can invest as much money as you want.
Let us tell you that if you want more money every month, then you have to keep the investment amount higher and interest is also more on more amount.
How to Invest in SBI’s Saving Schemes
Investing in SBI’s savings schemes is very easy and you can invest in them in two ways. If you have an account in SBI Bank, then you can invest in these schemes online from your account.
Apart from this, if you do not have an account in SBI bank, then you can go to any SBI bank and invest in these schemes offline.
