Advertisement

Search This Website

Friday, March 19, 2021

Investing In These 6 Places Including PM Vay Vandana Yojana And Monthly Income Scheme Will Be More Beneficial.


Investing In These 6 Places Including PM Vay Vandana Yojana And Monthly Income Scheme Will Be More Beneficial.

Safe Investment For Senior Citizens: Investing In These 6 Places Including PM Vay Vandana Yojana And Monthly Income Scheme Will Be More Beneficial.

SBI, ICICI and HDFC Bank are running special FDs for senior citizens

It would also be appropriate to invest in a Post Office Senior Citizen Savings Scheme

Senior citizens can invest in Pradhan Mantri Vay Vandana Yojana, Post Office Senior Citizen Savings Scheme, Monthly Income Scheme and special FDs for senior citizens for safe investment and good returns. We are telling you about these plans so that you can invest in them as per your need.

Pradhan Mantri Vay Vandana Yojana Will Get A Pension Of Rs 9,250



You can invest in the Pradhan Mantri Vay Vandana Yojana launched by the Central Government for senior citizens.

You can invest in this plan till March 31, 2023. It is a pension scheme for citizens 60 years and above.

The benefit of this scheme can be availed by paying a lump sum. Payment will be made every year at the rate of 7.40 per cent. It can also be paid monthly.

If you don't take money every month, it becomes equal to 7.66 percent annually. A maximum of Rs 15 lakh can be invested in this scheme.

At Rs 15 lakh, you will get a pension of Rs 9,250 per year.

The Post Office Senior Citizen Savings Scheme is earning 7.4% interest

If you want to get good interest on the deposit, you can invest in the Post Office Senior Citizen Savings Scheme.

In this scheme you will get 7.4 per cent interest. This means that the scheme earns more interest than the bank's fixed deposit.

People 60 years of age or older can open an account here. The person taking VRS can also open an account if he is above 55 years of age but under 60 years of age.

If you invest Rs 15 lakh in a Senior Citizen Scheme for 5 years, you will get Rs 2,164,272 after 5 years at an interest rate of 7.4 per cent per annum. That means you will get Rs 664,272 as interest.

The Post Office Monthly Income Scheme Is Earning 6.6% Interest

It is offering 6.6% interest. Under this scheme, the account can be opened with a minimum of Rs.1000.

The special thing is that you will get all your money back after the completion of the scheme. This means that you can be guaranteed a regular income from this account.

If your account is single, you can deposit up to Rs 4.5 lakh. Also, if you have a joint account, you can deposit up to a maximum of Rs 9 lakh. The maturity period is 5 years.

If you invest Rs 4.5 lakh under this scheme, you will now get Rs 29,700 per annum at an annual interest rate of 6.6.

Also, if you invest Rs 9 lakh in a joint account, you will get 59,400 years of interest.

Special fixed deposit schemes are also getting higher interest

HDFC Bank's Senior Citizen Care Scheme

HDFC Bank has launched a scheme called 'Senior Citizen Care FD' for senior citizens.

According to the bank, a senior citizen will get 0.75 per cent more interest on FDs of more than 5 years and 10 years duration than the average consumer.

The 5-year deposit will earn 0.50 per cent higher interest than others.

At present, HDFC Bank is offering a maximum interest rate of 5.50 per cent on fixed deposits. A maximum annual interest of 6.25 per cent will be earned on investing in this scheme.

It can be invested till March 31, 2021.

ICICI Bank's Golden Years FD Scheme

ICICI Bank has now launched a special fixed deposit scheme for senior citizens called Golden Years FD.

Investing in this scheme will earn 0.80% more interest than normal FD.

ICICI Bank is currently earning the highest interest rate of 5.50% on FDs of more than 5 years and up to 10 years.

That is, senior citizens will now get maximum 6.30% interest under this scheme.

The scheme will be applicable on deposits of up to Rs 2 crore for 5 years, 1 day to 10 years. This scheme will be applicable for renewal of old FD along with new FD.

Credit cards can also be taken if ICICI Bank has done Golden Years FD.

You can invest in it until March 31, 2021.

અહીંથી વાંચો સંપુર્ણ ગુજરાતી રીપોર્ટ


SBI Also Launched A New Scheme

State Bank of India (SBI) has recently launched a new deposit scheme for senior citizens called SBI Wicker. Senior citizens will get more interest in this scheme.

The scheme has been launched under the Retail Term Deposit segment. In this scheme, senior citizens will get 0.80% more interest than the normal FD.

SBI is currently offering a maximum interest of 5.40% on fixed deposits. That is, investing under this scheme will earn 6.20% interest.

You can invest in it until March 31, 2021

No comments:

Post a Comment