what's good investment for retired(VRS) person

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Deal Cadet
desisam

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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Deal Cadet Deal Cadet
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Bsnl??

Benevolent Benevolent
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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

Deal Cadet Deal Cadet
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Mtnl?

Pro Critic Pro Critic
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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.

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

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Deal Cadet Deal Cadet
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Yes bsnl

Deal Cadet Deal Cadet
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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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Deal Cadet Deal Cadet
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@desisam @Roushh How are Gilt Funds for investments?

Blogger Blogger
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nps me daal bhai tier 1 me

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

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