Financial Planning: 7 investment plans that can give you regular income; check details inside
Senior Citizen Savings Scheme: The interest rate disclosed at the time of investing in SCSS is constant throughout the maturity period and is unaffected by changes in a subsequent quarter. You can deposit a minimum of Rs 1,000 for five years.
Everyone knows how important it is to plan retirement and financial goals. For that, you consider and compare different investment plans as per your retirement goals. If someone wants regular income on their investment then there are different plans too.
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Things to keep in mind before investment
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Senior Citizen Savings Scheme (SCSS)
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Post Office Monthly Income Scheme (POMIS)
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Equity Share Dividends
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Systematic Withdrawal Plan (SWP)
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Corporate Deposits
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Long-term Government Bonds
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There are a few types of government bonds including fixed-rate bonds and floating-rate bonds. A government bond in India is simply a contract between the issuer and the investor in which the issuer guarantees interest profits on the face value of bonds held by investors, as well as a return of the principal value on a certain date.