Anushka Rathod Instagram – 3 investment options for fixed monthly payments:
The first one is for senior citizens specifically and the other 2 can be done by anyone.
This is part 1 with fixed return instruments, part 2 with higher risk options will come soon.
1) Senior citizen saving scheme
This is the highest return option at the moment.
Eligibility – 60years
Returns – 8.2% p.a.
Maximum Investment – 30lakhs per person
Payout- Quarterly
Tenure – 5 years, can extend for 3 years multiple times post that
How to Invest – At a Post Office or bank branch
Taxes -Principal amount is tax exempt up to 1.5Lacs, Interest is taxed as per income slab
2) Post Office Monthly Income Scheme
Eligibility -Anyone
Returns – 7.4% p. a.
Maximum Investment – ₹9 Lakhs
Tenure – 5 years
How to Invest – At post office or If you already have an account then online also possible.
Taxes – Interest is taxed as per income slab
3) Tax Saver FD
Remember to opt for monthly payout option while booking the FD.
Eligibility – Anyone
Returns – 7.5% for senior citizens, 7% for everyone else
at IDFC, HDFC, ICICI Bank
Maximum Investment – No limit
Tenure – 5 years
How to Invest – Bank branch or online on bank website
Taxes – Principal amount is tax exempt up to 1.5Lacs, Interest is taxed as per income slab.
[anushka rathod, finance, investment, regular income, parents]
#anushkarathod #finance #investment #regularincome #parents | Posted on 19/May/2024 18:35:38
