Seniors 60 years of age and above have the option to invest in this program to generate interest-based income every month.
Bank FDs can be a safe and dependable source of income for seniors because they typically qualify for a 0.50 percent interest rate.
One is entitled to a fixed payout under this insurance plan at predetermined periods following the policy's maturity.
A 0.35 percent spread over the NSC interest rate is seen for the RBI floating rate savings bonds. As a result, every adjustment to the NSC interest rates would affect the rates on the RBI floating savings bonds.
Equity-backed investments can change the game after retirement because they provide profitable returns compared to other investing options.