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There will be no money problem after retirement, these 4 options will give regular income every month

It is important for senior citizens to invest in the right savings plan from now on to meet their future needs. In such a situation, you can get good returns from the selected schemes run by the government.




After retirement, people often face financial problems. In such a situation, it is necessary to invest in the right scheme at the right time so that there is no problem in meeting your needs in future. Nowadays there are many such options available in the market which will help a senior citizen to maintain a regular income. So what are those schemes, know the complete details.

Senior Citizen Savings Scheme (SCSS)
You can invest in SCSS through public sector banks or Indian post offices. You can invest 15 lakhs in it. Its maturity is of five years. It can be extended for another three years. In this, one can choose the option of quarterly payment. At present, interest is being given on it at the rate of 7.40% per annum.

Pradhan Mantri Vaya Vandana Yojana (PMVVY)
This scheme is for senior citizens. People of 60 years of age or above can invest in this. There is no maximum age limit in this scheme. A person can invest a maximum of Rs 15 lakh in the scheme. Applicants can invest a lump sum amount in it. One can choose monthly, quarterly, half yearly or yearly option for payment of pension. The minimum purchase price for annual pension is Rs 1,44,578. While the maximum purchase rate is Rs 14,45,783. Premature withdrawal facility is also available in PMVVY scheme.

RBI floating rate bond
15 lakh or more can be invested in RBI floating rate bonds. You can start by investing as little as Rs 1,000 in this bond. At the same time, there is no maximum investment limit in this. At present, 7.15% per annum interest is being given in this.

National Savings Scheme
Good returns can also be earned by investing in the National Savings Certificate (NSC) scheme of the Post Office. Under this, investors get better returns. Along with this, income tax exemption can also be availed under section 80C of the Income Tax Act. In the NSC scheme, 6.8 percent interest will be available annually. It is compounded on an annual basis. However, the payment made under this scheme is only on maturity.

Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ informalnewz@gmail.com
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