Senior Citizen Saving Scheme: If you are not in a government job, then you must know about this scheme because the expenses in old age are for everyone.
In such a situation, if you want that after retirement you do not have to yearn for anything, then you should start thinking about this scheme immediately because in today’s date, pension is the need of every elderly person. If you apply in this scheme in time, then you will not have the tension of expenses after the job because you will continue to get 5 thousand rupees every month from this scheme.
Invest in Pradhan Mantri Vaya Vandana Yojana soon
This scheme is operated by the Government of India company Life Insurance Corporation ie LIC. The full name of this scheme is Pradhan Mantri Vaya Vandana Yojana (PMVVY). Which is considered a very good scheme for senior citizens. Under this scheme, you will continue to get the benefit of pension after retirement. You can invest in it without any tension because the Government of India oversees this scheme. If you invest Rs 7.50 lakh in this scheme once, then you will start getting a pension of Rs 5 thousand every month.
You can invest in post office
If you do not have lump sum amount then you can also invest in post office. The post office runs very famous savings schemes for senior citizens. Similarly, you can apply for Senior Citizen Savings Scheme. Your investment in this scheme also remains completely secure. The advantage of this scheme is that you get interest every three months. This interest is deposited in your post office account. The Finance Ministry changes the rate of interest on this scheme every three months.
Monthly savings scheme
Anyone can apply in this scheme. Monthly Income Scheme is one of the best post office schemes. The advantage of investing in the post office is that the risk of money sinking is negligible. In this, the account holder gets monthly income. If you want to invest in this scheme, then you will have to invest for 5 years. You get returns on completion of the term of this scheme. If you want you can invest again.
Buy tax free bonds
The government issues several types of tax free bonds. You can invest in that too. Such as NTPC Limited, Indian Railway Finance Corporation, NHAI. You have to invest in these bonds for 10 years. On these you are given an interest of 5.5% to 6.5%. However, you will continue to get interest every year. The advantage of investing in this scheme is that the entire amount is tax free.
