Money will not be a problem after retirement, you will get regular income every month from these four options Money will not be a problem after retirement, you will get regular income every month from these four options

Money will not be a problem after retirement, you will get regular income every month from these four options Money will not be a problem after retirement, you will get regular income every month from these four options

There are many options available in the market today that will help the senior citizen to maintain a regular income. (Money will not be a problem after retirement, you will get regular income every month from these four options)

Money will not be a problem after retirement, you will get regular income from these four options every month

Money will not be a problem after retirement

New Delhi: After retirement, people often face financial difficulties. In such a situation it is necessary to invest in the right plan at the right time so that it will not be difficult to meet your needs in the future. There are many options available in the market today that will help the senior citizen to maintain a regular income. (Money will not be a problem after retirement, you will get regular income every month from these four options)

Senior Citizen Savings Scheme (SCSS)

You can invest in Senior Citizen Savings Scheme through public sector banks or Indian Post Office. You can invest Rs 15 lakh in it. Its maturity is five years. This can be extended for another three years. In this, one can opt for quarterly payment. It is currently paying interest at an annual rate of 7.40%.

Pradhan Mantri Vandana Yojana (PMVVY)

This scheme is for senior citizens. People over the age of 60 can invest in it. There is no age limit in this plan. An individual can invest a maximum of Rs 15 lakh in this scheme. Applicants can invest a lump sum in it. One can choose monthly, quarterly, half-yearly or annual option for pension payment. The minimum purchase price of an annual pension is Rs 1,44,578. The maximum purchase price is Rs 14,45,783. The PMVVY plan also offers premature withdrawals.

RBI floating rate bonds

15 lakh or more can be invested in RBI’s floating rate bonds. You can start by investing a minimum of Rs.1000 in this bond. At the same time there is no maximum limit of investment in it. It is currently paying 7.15% per annum.

National Savings Scheme

Good returns can also be obtained by investing in the Post Office’s National Savings Certificate (NSC) scheme. Under this, investors get good returns. In addition, income tax exemption is available under Section 80C of the Income Tax Act. The NSC scheme will earn an annual interest of 6.8 per cent. It is increased on an annual basis. However, the money paid under this scheme is received only after maturity. (Money will not be a problem after retirement, you will get regular income every month from these four options)

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