what's good investment for retired(VRS) person

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My mother retired via VRS so please suggest best way to park money..

someone suggested me Post office scheme, Senior Citizen Savings Scheme (SCSS). is it good? or are there any other options?

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There are many options for investment.
It depends on many things 1.risk taking capacity 2. duration of investments 3.Amount in hand
buy plot/apartment is also good investment

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Senior Citizen’s Savings Scheme (SCSS) and Pradhan Mantri Vaya Vandana Yojana (PMVVY) are two schemes which are good options for senior citizens. Both has a limit of 15L.

If they are comfortable with some risk then invest 80% in above schemes and 20% in MF.

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Roushh wrote:

Senior Citizen’s Savings Scheme (SCSS) and Pradhan Mantri Vaya Vandana Yojana (PMVVY) are two schemes which are good options for senior citizens. Both has a limit of 15L.

If they are comfortable with some risk then invest 80% in above schemes and 20% in MF.

Pls can u give some link or document to read more about it.

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desisam wrote:

Yes bsnl

And also why are u thinking for SCSS as all employees retired under VRS are aged less than 60 and more than 50. And this scheme is for individuals aged over 60. Am I missing something here?

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Roushh wrote:

Senior Citizen’s Savings Scheme (SCSS) and Pradhan Mantri Vaya Vandana Yojana (PMVVY) are two schemes which are good options for senior citizens. Both has a limit of 15L.

If they are comfortable with some risk then invest 80% in above schemes and 20% in MF.

Bro pls suggest some schemes that are not for people aged 60+ , as all retired under VRS are aged less than 60 only.

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harshit0509 wrote:

And also why are u thinking for SCSS as all employees retired under VRS are aged less than 60 and more than 50. And this scheme is for individuals aged over 60. Am I missing something here?

This scheme is for 60+ years as well as all person who retired early via VRS

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desisam wrote:

This scheme is for 60+ years as well as all person who retired early via VRS

I checked it is for VRS persons also but aged 55+

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Bank Fds, Mutual funds or SCSS can be good options.

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desisam wrote:

Yes bsnl

Has she got her payments. There was very little allocation on this account to BSNL in the Union budget leading people to believe that the actual payment will be delayed.

Missing