Best Pension Plans For Senior Citizens
Starting from Employee’s Provident Fund to Immediate Annuity, senior citizens can check 10 best pension plans which will help them in post-retirement life.02 Feb, 2023 Manmath Nayak
Employee’s Provident Fund
Employee’s Provident Fund or EPF gives returns of about 8.5% at the current rate and allows you to avail tax benefits.02 Feb, 2023
National Pension Scheme
National Pension Scheme provides about 10% returns and has ability to expose some of your investments to equity.02 Feb, 2023
Exchange Traded Funds
Even as the RBI has the Senior citizens can invest in either Gold or Index based ETFs and regular investing gives you the leverage of cost average.power to print Indian currency, the Centre still has the final say on a majority of the RBI’s actions.02 Feb, 2023
Equities
Investment options such as stocks and mutual funds give strongest returns in the recent years.02 Feb, 2023
Bonds
In general, bonds exist for a duration of 10 to 15 years and you can expect returns of 10-12%.02 Feb, 2023
Senior Citizen’s Saving Schemes
This scheme gives you returns of 8.6% annually and also comes under Section 80C.02 Feb, 2023
Monthly Income Schemes
Going for monthly income scheme during retirement will be helpful as you receive income on a monthly basis.02 Feb, 2023
Fixed Deposits
As senior citizens, you will get benefits of 0.25 to 0.5% interest rate more than the general public.02 Feb, 2023
Pension Plans
These plans are similar to the monthly income plans, and you can choose between insurance based products, ULIPs or mutual funds.02 Feb, 2023
7th CPC Pensioners DR Relief
7th CPC Pensioners DR Relief02 Feb, 2023