Where should senior citizens invest amid falling saving scheme returns? | The Money Show
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FD rates fall below saving account interest rates. Amidst the fall in saving scheme returns, where should senior citizens invest? The government cuts interest on small savings schemes. Safe investment options for senior citizens. According to a government pension scheme, it aims to provide social security & protection to the elderly. It can be availed before Mar 31, 2023. The scheme managed and operated by LIC. It will fetch a return of 7.4% instead of 8% earlier. The interest is taxable and also has a monthly payout option. It allows for premature exit for the treatment of critical illness of self or spouse. On a premature exit, 98% of the Purchase Price shall be refunded. Benefits can be availed by the nominee/beneficiary if the pensioner dies. Catch Kalpesh Ashar - Certified Financial Planner discuss investment options for senior citizens with Mubina Kapasi. Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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