slide

Looking for investments for regular income?
Here are your options ⇛

Retirement planning requires more than just savings; investments should also be considered for a continued flow of income.

Senior Citizen Savings Scheme is an option with an 8 percent per annum interest rate.

Post Office Monthly Income Scheme offers up to 7.1 percent interest and can be opened individually or jointly.

Pradhan Mantri Vaya Vandana Yojana provides regular income with a lock-in period of 6-4 years.

Bank fixed deposits offer senior citizens an additional interest rate of 0.50 - 0.75 percent.

RBI Floating Rate Savings Bonds 2020 offer an interest rate of 7.35 percent, linked to the interest rate on NSCs.

Post Office Time Deposit Account pays 6.6-6.9 percent for 1-3 years and 7 percent for 5 years.

Senior citizens should make informed decisions to ensure a secure retirement.

Click here to know more about investments for regular income

Check here for more retirement planning stories

Retirement planning: Looking for investments for regular income? Here are options

It is common for senior citizens to look for investment options that can earn them regular income to pay for their expenses. Myriad options are available though one must choose depending on the frequency of income they are looking for.

Meme Of The Day: Tax jargons more incomprehensible than the taxes itself

Can alcoholics and smokers buy health and life insurance? Here's how

Retirement planning: How much should you withdraw from your corpus? This is the best way to find out

Budget 2023: What is the Economic Survey of India and when is it presented? All you need to know

NFO Alert | Baroda BNP Paribas NIFTY SDL December 2026 Index Fund, opens January 16, 2023

Mutual fund investor count rose 20% in 2022: Report

NFO Alert: TATA Multicap Fund opens today; here's all you need to know

Demat accounts rise 34% to 10.8 crore in December; Here are key reasons

Budget 2023: I belong to middle class, understand their pressures, says FM Nirmala Sitharaman

Stock Check: JSW Infra jumps almost 100% from IPO price in 5 months; should you still buy?

Currently trading at around  <span class='webrupee'>₹</span>236, the newly listed JSW Infra has surged almost 100 percent jump from its IPO price of  <span class='webrupee'>₹</span>119 in less than 5 months. Technical and fundamental experts suggest if you should still buy the infra stock.

Axis Mobile App ranks top position on NPS leaderboard

According to a survey, Consumer awareness was most notable for payment platforms such as Paytm, Google Pay, and PhonePe. However, when it comes to Net Promoter Score, Axis Mobile App claims the top position with a score of 59, followed by ICICI Bank's iMobile Pay, and then BHIM.

Weekend Wrap: From Trent to Adani Power, top news and market movers this week: 27 October 2023

The stock market cycle is always a few months ahead of the economic cycle.

From top news makers to market performance, here's the market wrap for the week ended 27 October 2023.

Why rebalancing a portfolio provides a safety net against volatility?

Investing isn't a 'set it and forget it' game.

Rebalancing a portfolio provides a safety net by helping control volatility and minimizing the impact of market downturns, even though it may not always yield higher returns compared to an unbalanced, equity-heavy approach

Rebalancing of portfolio: What is it and why is this important?

Whenever the market spikes or declines, investors are supposed to rebalance their portfolio strategically in order to stay aligned to their financial goals

Retirement planning: Looking for investments for regular income? Here are options

It is common for senior citizens to look for investment options that can earn them regular income to pay for their expenses. Myriad options are available though one must choose depending on the frequency of income they are looking for.

Topics to follow