Q1: Can the SBI annuity deposit scheme calculator determine the amount of monthly annuity an investor can receive?
A1:
Yes, the SBI annuity deposit scheme calculator can determine the amount of monthly annuity an investor can receive.
Q2: What does the SBI annuity deposit scheme calculator calculate?
A2:
The SBI annuity deposit scheme calculator calculates the repayment of a one-time lump sum amount in monthly annuity installments comprising part of the principal.
Q3: How can the SBI annuity deposit calculator be used?
A3:
The SBI annuity deposit calculator can be used to find the interest rate, deposit amount, and duration to calculate the monthly annuity.
Q4: What is the interest rate used in the SBI annuity deposit scheme calculator?
A4:
The interest rate used in the SBI annuity deposit scheme calculator depends on the specific parameters set by the investor.
Q5: Can the SBI annuity deposit scheme calculator provide tax-free returns?
A5:
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