What Is An Annuity Deposit Scheme? All You Need To Know

Zee Business Video Team | Updated: March 2, 2022 03:24 PM IST

What is an annuity deposit scheme? Under this scheme, a lump sum amount is deposited by a customer which is then repaid to the customer over a period of time and is equated as monthly installments. These installments comprises a part of principle amount and the interest on the reducing principle amount as well.



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