Regular Income Options: After retirement there is a desire for regular income! Investing here will be done

Regular income after retirement investment options: Tax exemption is also available under Section 80C of Income Tax on investments made in Senior Citizen Saving Scheme.

Regular income after retirement investment options: If you want a relaxed life after retirement, then obviously you have a regular income. Yes, for this you need to invest in those investment options with a lot of understanding that is safe and also provides a regular income. There are options in the market with the help of which you can plan retirement with the right strategy.

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Senior Citizen Saving Scheme Senior Citizen Saving Scheme (SCSS)

The Senior Citizen Saving Scheme is considered the safest investment for senior citizens. Currently, it gets an annual interest of 7.4 percent. In this, interest is paid on a quarterly basis. This is a central government supported scheme, hence returns are guaranteed. In this, you get the option to invest in a lock-in period of five years. You can invest up to Rs 15 lakh in it. Apart from this, tax exemption is also available under Section 80C of Income Tax on investments made in Senior Citizen Saving Scheme.

Pradhan Mantri Vaya Vandana Yojana (PMVVY)

Pradhan Mantri Vaya Vandana Yojana is specially designed for senior citizens. The Pradhan Mantri Vay Vandana Yojana (PMVVY) is offered by the Life Insurance Corporation of India (LIC). Like the Senior Citizen Saving Scheme, you can invest up to Rs 15 lakh in it and it gives a return of 7.4 percent.

This scheme offers no credit risk and investment opportunity for a ten-year long period, hence it is suitable for retirees. The scheme was to end on 31 March 2020, but the central government has decided to extend it till 31 March 2023, due to increasing demand among the retirees.

Investment in annuity schemes from life insurance companies from life insurance companies

Jeevan Akshay (VII) and New Jeevan Shanti Scheme have been promoted by LIC for quite some time. This annuity plan bank In this, you take an intermediate annuity plan and if you invest a small amount in it, then you will continue to get a regular payment.

You can take this payment monthly, quarterly or annually. According to experts, such schemes are also offered by other life insurance companies. It gives 5.75-5.9 percent return for 20 to 30 years.

Government Securities 

Many times financial planners recommend investing in government securities instead of annuity. It is very safe to invest in it due to a sovereign security. In this, you get returns between 6.6 to 6.75 percent. You can invest money in it for 40 years. They work better than annuity. You also have the option to exit if needed. These bonds have a half-yearly interest payment.

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