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Annuity deposits

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

4 products

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  • 36–120 months. Less than 36 months is booked as a normal
  • a longer period may be booked when directed by the Court.
Prevailing term-deposit rate for the selected tenure, with an additional 0.50% for senior citizens.
Not applicable — the reviewed scheme page does not publish a separate senior-citizen rate or age-based rate uplift for this product.
  • Amount ordered by the Court/Tribunal
  • minimum deposit is based on a minimum monthly annuity of ₹1,000. No maximum.
  • deposits are court-directed annuity deposits
  • premature closure or withdrawal is not available as an ordinary customer option and is governed by the motor-accident-claims order and scheme rules.
  • Monthly annuity comprising principal and interest is credited to the linked Claims Savings Bank account
  • principal becomes nil at the end of the term. No deposit receipt is issued
  • passbook is provided for the linked account. Nomination follows the Court direction.
  • Normally 36–120 months
  • below 36 months follows normal fixed-deposit treatment, and a court direction may specify a longer period.
  • The product page publishes the prevailing Bank of India rate of interest for the selected tenure. It does not publish a -specific numeric percentage
  • the applicable rate must be taken from the current term-deposit schedule for the selected 36–120-month (or court-directed longer) period.
  • The page describes a prevailing rate by tenure but does not publish a separate senior-citizen or super-senior percentage. The Bank of India rate sheet does not list in its additional-rate applicability table
  • therefore no -specific senior add-on is published.
  • ₹1,000 per month
  • there is no maximum deposit amount stated on the page.
  • Premature closure or part lump-sum payment requires court permission
  • the page states no premature-closure penalty.
  • Equated monthly instalments comprise principal and interest
  • the annuity is credited to the savings account net of applicable .
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
  • For retail deposits below ₹3 crore, the senior-citizen rate is 3.55% for 7–45 days, 5.40% for 46–179 days, 6.15% for 180–210 days, 6.40% for 211 days to under 1 year, 6.75% for 1 to under 2 years, 6.90% for 2 to under 3 years, 6.80% for 3 to under 5 years, and 7.05% for 5 to 10 years. Rates are effective 15 December 2025
  • the 5–10-year rate includes the 50-basis-point We-care premium.
  • 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
  • Starts on the anniversary date in the month after deposit
  • if the corresponding 29th, 30th or 31st does not exist, payment is on the first day of the next month

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.