Senior citizens are usually suggested to avoid taking financial risks because they are usually not in a position to take risks because of age-related limitations. However, there are some situations when it is fine for them to take the risk. Here they are

The decision to raise the equity investing limit in NPS Tier II account to 100 per cent is subject to board approval but it may happen soon, says Supratim Bandyopadhyay, chairman, Pension Fund Regulatory and Development Authority.