These investment avenues are relatively of low duration and allow investors to diversify their portfolios with different maturities and the rate of returns.

The interest on senior citizen FD is usually 0.5 per cent higher than the regular interest of a bank. It can differ from bank to bank. Currently, the highest one is 7.9 per cent.

Here are six disadvantages of investing in a senior citizen savings scheme (SCSS).

Retirement planning demands a holistic approach that makes use of different financial instruments and strategies to ensure a steady income.

A Senior Citizen Savings Scheme (SCSS) provides regular cash flows, while a Senior Citizen Savings Account offers flexibility in deposits and other benefits. Learn more.

The Senior Citizen Savings Scheme (SCSS) offers a guaranteed 8.2 per cent interest on deposits, paid on fixed dates: April 1, July 1, October 1, and January 1 in each financial year.

The senior citizen savings scheme (SCSS) is a secured investment tool for senior citizens offering an 8.2 per cent interest rate on deposits.

Senior Citizen Savings Scheme (SCSS) is a short-term high-interest rate investment instrument regulated by the post office.

Senior citizens usually prefer low-risk instruments such as the Senior Citizen Savings Scheme (SCSS) and tax-saver FDs for tax benefits. However, they vary in features and benefits. So check their suitability as per your financial goals before choosing them.

As the financial year comes to an end, tax calculations and deposits are in full swing. Here are some investment instruments that senior citizens can explore for guaranteed income and to save taxes.