Annuity Deposit Scheme:-Interest Rates (2023): Benefits, Eligibility, Rules
Many financial institutions offer their depositors an Annuity Deposit Scheme, which allows them to benefit from one-time lump sum payments and similar Equated Monthly Installments (EMIs). However, each installment includes a portion of the principal amount as well as the interest rate on the principal reduction. When a date, such as the 29th, 30th, or …
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