Best and recommended investment scheme for senior citizens

If you are a senior citizen & planning your retirement, you should look for a senior citizen savings scheme SCSS. This money management scheme will help you secure your future. 

We come back to the same question- What is Investment? It is a method to fulfil necessity of increasing your money for the future. Investing your money is as important as earning an income. To grow your money with easy liquidity and guaranteed returns with less risk, Fixed Deposit is the best investment option of all. Bajaj Finance FD, as explained above, would be a great choice. But if you’re looking at a government scheme then the Senior Citizen Saving Scheme  (SCSS) is a good option, today as well. It is all about your needs but the fact remains that you should invest. 

Some benefits you will get 

• High Interest Rates
• Special offers to Senior Citizens
• Benefits to Pravasi Bhartiyas (NRIs)
• High Credibility and Stability

At last it all boils down to making the right investment and choosing the correct firm to invest your money in. These types of investment also have a monthly or quarterly payout option that makes it the best suitable option for your retirement planning.

 

You can also increase your knowledge gained on above topic by reading:- How senior citizen Saving scheme work in India