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First document7 Beneficial Plans to Consider for Retirement PlanningOpen original ↗
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Second documentHow Can You Earn A Regular Monthly Income After You Retire?Open original ↗
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First paragraph156 words
Seven Best Retirement Investment Plans in India for Regular Income
Public Provident Fund- PPF is a popular investment and guaranteed plan with a competitive rate of interest, and the returns are exempt from tax. This scheme mobilises small savings as it offers an investment that has reasonable returns and provides income tax deduction according to Section 80C of the Income Tax . Anyone planning a secure retirement should open a PPF account as it is a safe investment option. You get the benefit of guaranteed returns after 15 years. Moreover, PPF has low risk if we compare it to other investment plans. Key highlights of PPF: Interest is compounded annually and paid by the government. Investment tenure is 15 years, with the option to extend in 5-year blocks. Minimum investment: ₹500; maximum: ₹1.5 lakh per year. Eligible for tax benefits under Section 80C. Withdrawals allowed from the 7th year; loans available from the 3rd year. Ideal for conservative investors seeking long-term, tax-free returns.
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Second paragraph76 words
Public Provident Fund
There are several investment products available on the market that suit your risk appetite and investment goals. One such financial product is PPF . The Public Provident Fund, also known as PPF, is one of the most popular savings-cum-investment products, offering competitive interest rates and tax-exempt returns. Moreover, this scheme is for 15 years. Additionally, it offers an income tax deduction as per Section 80C of the Income Tax Act for the amount invested.
First paragraph126 words
Seven Best Retirement Investment Plans in India for Regular Income
Unit Linked Insurance Plan- To strengthen your retirement goals, the unit-linked insurance plan is a long-term guaranteed savings plan which gives the investor a dual benefit of investment and insurance. This means the plan offers both guaranteed returns and protection as well. Besides, this plan's average returns are higher than other investment plans such as endowment, pension plan, etc. If you want to customise your plan according to your goals and changing requirements, you can opt for ULIPs by Canara HSBC Life Insurance . Unit Linked Individual Life Insurance will give you full control over your savings with an unmatched blend of flexibilities and Portfolio Management Options and flexibilities. We offer you a Life Insurance Cover to protect your family if you have unfortunate demise.
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Second paragraph63 words
Senior Citizen Savings Scheme
This is a long-term investment option that helps you strengthen your retirement goals. ULIP or Unit Linked Insurance Plan gives you the dual benefits of insurance and investment. This means it not only offers protection but also offers guaranteed returns. Moreover, the average returns in ULIPs are considerably higher than compared of other investment products such as pension plan, endowment plan , etc.
First paragraph313 words
Seven Best Retirement Investment Plans in India for Regular Income
Senior Citizens Saving Scheme- It is the most preferred choice of most retirees. This scheme is applicable to senior citizens and early retirees. Anyone above the age of 60 can avail of this scheme from a bank or a post office. The early retirees can invest in this scheme if they start investing within 90 days of receiving their retirement money. The scheme's period is five years, and you can also extend it further by three years once it matures. The minimum deposit amount is ₹1,000, and if the amount is more significant than ₹1000, then the investor has to invest in multiples of ₹1000. The maximum limit deposit is ₹15 lakh. > Learn more about Senior Citizen Savings Scheme . The current rate of interest in SCSS is 8.2% per annum, which is payable quarterly. Among all the small savings schemes in the country, SCSS has the highest rate of interest. The scheme is available through any private or public sector bank or post office. Since it's a government savings plan, the terms and conditions remain the same, regardless of whether you invest in the post office or a bank. These are the historical rates of interest for this scheme: Time Period Rate of Interest in % annually April to June (Quarter 1 for 2025‑26) 8.2 July–September 2025 (Q2 FY 2025‑26) 8.2 January–March 2025 (Q4 FY 2024‑25) 8.2 October–December 2024 (Q3 FY 2024‑25) 8.2 July–September 2024 (Q2 FY 2024‑25) 8.2 April–June 2024 (Q1 FY 2024‑25) 8.2 April to June (Quarter 1 for 202-21) 7.4 January to March(Quarter 4 for 2019-20) 8.6 October to December(Quarter 3 for 2019-20) 8.6 July to September(Quarter 2 for 2019-20) 8.6 April to June (Quarter 1 for 202-21) 7.4
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Second paragraph65 words
Senior Citizen Savings Scheme
This is a government-backed savings scheme that has been designed for senior citizens seeking income post-retirement. Senior Citizen Savings Scheme will help you plan for your golden days of life. As per this scheme, any resident individual who is 60 years and above is eligible to take this scheme. It offers the highest interest rate among all the other savings schemes in India.