When you leave, there is every possibility that you will have withdrawal savings that get attributed to your account. The amount is frequently a ample one, and you may be tempted to indulge, but at the same time, you comprehend the need for vigilant investing to maintain your twilight years. Here are a few tips on where to invest for creating a normal income brook through this age.
SENIOR CITIZEN SAVING SCHEME
It is a post office method under which bulletin expenses are made at an attention rate of 9.20% per annum. The prime of life age is five years which can be complete by three years and it allows you to invest a greatest of Rs 15 lakh. People who are 60 years or above are qualified to open this description. You can also avail tax benefit of up to Rs. 1 lakh under piece 80C, but the interest proceeds is taxable.