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Annuity deposits

Compare lump-sum deposits that return principal and interest through scheduled instalments.

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SBI Annuity Deposit SchemeState Bank of India
36, 60, 84 or 120 months
  • 6.30% for 36 months
  • 6.05% for 60, 84 or 120 months
  • 6.80% for 36 months
  • 7.05% for 60, 84 or 120 months
  • Principal is calculated to provide at least ₹1,000 monthly annuity for the chosen period
  • no published maximum
  • Allowed for deposits up to ₹15 lakh with the applicable term-deposit penalty
  • on the depositor's death, allowed without an amount limit
Monthly instalments comprise part of principal plus interest on the reducing principal, compounded at quarterly rests and discounted to monthly value
  • 36 to 216 months as directed by the Tribunal or Court
  • a period under 36 months is opened as a normal term deposit
  • 6.30% p.a. for 36 months to under 5 years
  • 6.05% from 5 years onward, with the 120-month rate applied beyond 120 months
Not published
  • Principal is calculated to provide at least ₹1,000 monthly annuity for the directed period
  • no published maximum
  • Requires Tribunal or Court permission
  • no premature-closure penalty is charged
Not published

Green marks the most favourable compatible published number or range in each column; incomparable units and overlapping range trade-offs remain neutral. It does not account for eligibility, service, exclusions or personal suitability.