SBI vs Post Office Monthly Income Scheme: Check benefits and interest rates
A monthly income plan enables investors with zero risk tolerance to generate a regular fixed income with guaranteed returns at a predetermined rate of interest every month till maturity. The smartest way for investors, especially older folks, to enhance their personal finances and have a secondary source of income is through the monthly income plan, where the relevant Interest will be paid at the end of each month starting from the day the account was opened. For individuals seeking higher returns together with sufficient liquidity, a comparison between the SBI Annuity Deposit Scheme and the Post Office Monthly Income Scheme is provided below.
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Business News Click Here