Here are the best investment options available in India for the senior citizens

Senior Citizens Savings Scheme (SCSS)

1. Launched in August 2004 2. A central government-backed saving scheme 3. Valid for those above 60 4. The aim is to assure regular income after the senior citizens retire.

Post Office Monthly Income Scheme (POMIS)

1. Recognized and validated by the Ministry of Finance 2. It No-Risk Scheme 3. Provides fixed monthly interest 4. Income provided by post office

Senior Citizen Fixed Deposits

1. Introduced in May 2020 2. The aim is to provide regular income 3. Valid of those are 60 years and above. 4. NRIs can also avail the benefits 

 Mutual Funds

1. It involves pooling of funds from multiple investors 2. It is managed by Fund Managers 3. Mutual funds are market-linked, their returns are never fixed. 4. You can opt for short term debt funds

Learn how to ensure Financial Stability after Retirement with Senior Citizens Investment Options