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SBI Annuity Deposit Scheme: How to get monthly income on a single deposit?

In the face of rising interest rates, the country’s largest lender, State Bank of India (SBI), offers a scheme called SBI Annuity Deposit Scheme, which is nothing more than an investment product in which investors are required to park a lump sum deposit and can earn monthly annuity installments that include a portion of the principal amount as well as interest.
Source: money

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