To get a ₹10,000 monthly income (interest + principal) from SBI, invest in the SBI Annuity Deposit Scheme by depositing a lump sum for 36, 60, 84, or 120 months. For a 5-year tenure at around 7.5% interest, a deposit of approximately ₹5 lakh can yield a monthly payout of ₹10,000, covering both principal repayment and interest.
What is the SBI 10000 Monthly Income Scheme? Investors make a one time deposit, starting from a minimum amount that depends on the chosen tenure and desired monthly payout (e.g., Rs. 10,000). The monthly amount includes the principal and interest, calculated at the prevailing term deposit interest rates.
10,000 monthly at 8% interest p.a. for 1 year will give you a total return of Rs. 1,25,293. However, staying invested for longer, say 5 years, will yield Rs. 7,38,619.
Steps to apply for the SBI Monthly Income Scheme offline
SBI Amrit Kalash is a tenure-specific term deposit scheme offered to domestic and NRI depositors for tenures of 400 days. Under this scheme, senior citizens are offered FD interest rates at 7.60% p.a. This scheme can be availed through the SBI branch, internet banking and SBI YONO mobile banking app.
The SBI Amrit Vrishti Scheme 2026 (also known as the SBI 444 Days FD) is a special fixed deposit product from State Bank of India offering a fixed tenure of 444 days with competitive interest rates. As of December 19, 2025, the scheme offers 6.45% p.a. to regular investors.
Putting your money into a savings account with a competitive rate of interest is also a form of investing. If you're looking to diversify your investment portfolio and keep some access to your cash, you might be better off investing your money in savings accounts with competitive rates of interest.
Under the APY, guaranteed minimum pension of Rs. 1,000/- or 2,000/- or 3,000/- or 4,000 or 5,000/- per month will be given at the age of 60 years depending on the contributions by the subscribers.
Eligibility for the SBI Annuity Deposit Scheme
Resident Indian individuals are eligible to invest. Minors can invest through a guardian. Joint accounts are permitted. Non-resident Indians (NRIs) are not eligible for this scheme.
You don't need to be in India to trade on the Indian stock exchange. SBI's NRI Portfolio Investment Scheme (NRI PIS) Account enables you to buy and sell shares, debentures of Indian companies on the Indian Stock Market. Portfolio Investment Services are offered in selected branches of State Bank of India.
Interest on a Term Deposit is payable to the depositor quarterly from the date of issue or at maturity along with principal. But on request from the depositor, interest may be paid at monthly, half-yearly or yearly intervals in case of Term Deposits fixed for a term of twelve months and above.
A 1-year fixed deposit is a savings account where your funds are invested for 12 months. The interest rate is fixed for the 12 month term.
To earn Rs. 50,000 per month from an FD, you need to consider the interest rate offered. For example, at an 8% annual interest rate, you'd need an FD of around Rs. 75 lakhs.
SBI 10,000 per month annuity scheme refers to the program offered by SBI, wherein a lump sum amount is deposited and in return you get 10,000 monthly payout over a fixed period.