Need Help Against Fd

28L fd,1Lmutual fund, 1L stocks, 1L 

Even at 8% return it would come out at 20000 per month.

Some banks are offering fD rate of interest  as high as 8% for senior citizen 

with 7% it would be 17500 pm 

IndusInd gives 7.5% with 18-month tenure, but it will be a quarterly payout and still less than his monthly expenditure. I guess any nearby property that can provide him stable rent is the safest option.

For criteria - "They want to invest for monthly income."

What they are asking for is 10% return after taxes to pay for their 25K monthly expenses which, imho, is asking for a bit too much.

>> 15 L in Senior Citizen Saving Scheme = 26,625/- per quarter for 5 years. Return of capital after maturity in 5 years. Renewable after 5 years are over for further of 3 years or you can open new one. Current rate 7.1%

AND

>>> 15 L in Pradhan Mantri Vaya Vandana Yojana = 9,250/- per month or 17,750/- per quarter for 10 years. Return of Capital after 10 years. Scheme only on offer till March 31, 2023. So better hurry up. Current rate 7.4%.

OR

Post Office Monthly Scheme (lower RoI and higher headache)

You haven't mentioned age of your uncle. I assumed it is 60-62 years.

@shubham1727

Adding to the above, don't forget emergency/contingency fund of minimum 5L to be kept highly liquid... preferably in savings account which offers higher interest like bandhan bank.

Also, what about life/health insurance? @shubham1727

MF stocks should be strictly avoided