For the senior citizens consistent and regular payments are a key requirement. Several investments provide such facilities.
Here are a few factors that you should keep in mind if you are buying a house in your 40s
As you advance in your career and grow older, your life goals change. The new goals also call for change in financial allocation.
Unlike an RD account, where you have to deposit a fixed instalment every month, the deposit instalment in these flexi deposit schemes can vary
One needs to have a right balance between equities and safe, interest-bearing instruments at the time of retirement
You don’t have to withdraw money or break the FD. It remains as it is. It is merely pledged to the bank
These schemes are backed by the government and offer guaranteed returns
Tax-saving FDs come with a lock-in period of 5 years and more
Corporate FDs are term deposits that are offered by corporate companies and non-banking financial companies (NBFCs) and are held for a fixed period of
Mutual funds are managed professionally by fund managers. Investors who do not want to invest in equities directly can invest in mutual funds