ELSS not only serves as an effective tax-saving tool but also offers the potential for higher returns compared to traditional tax-saving instruments
Dipping interest rates of guaranteed savings instruments have driven down income of the elders steadily.
For those who want to invest their funds for the long term, pension plans could be a good idea.
Various savings instruments such as MIS, FD MIS, MF SWP, SCSS, etc, are there which give monthly income.
Minimum amount for opening of a Senior Citizen Savings Scheme account is Rs 1,000.
It can be a good idea to create that additional source of income by putting a commercial or housing property on rent
Diversification of holdings to include a greater proportion of risk-free securities that offer stable returns is the best way to plan for golden years
Since these instruments are guaranteed by the central government, there is no risk at all
With rising costs of living nibbling at their savings fund, here are a few options for senior citizens that offer better returns than bank deposits