RBI’s floating rate bonds are investment instruments where one can invest a minimum of Rs 1,000 without any upper limit and earn regular interest every six months.

Senior Citizens’ Savings Scheme (SCSS) is one of the popular investment tools for regular income post-retirement given its superior returns and investment safety. Learn more about its historical rates.

Tax efficiency can play an important role when you choose a retirement plan. Do you know how insurance retirement plans are taxed?

Starting early in building a retirement fund is critical as you will get more time to create it and harvest the potential compounding benefits your investments will generate in the long term. 

Individuals aged 60 and older and eligible retirees above 55 but less than 60 can open the Senior Citizen Savings Scheme (SCSS) account.

These bonds can be purchased through the designated scheduled commercial bank branches, post offices, and the RBI’s Retail Direct website.

Senior Citizens Savings Scheme (SCSS) provides guaranteed returns to individuals aged 60 and above. The scheme currently offers 8.2 per cent interest.

The government has allowed the extension of the Senior Citizen Savings Scheme (SCSS) indefinitely and enabled people to invest in the scheme three months before retirement

The spouses can deposit a maximum of Rs. 15 lakh each, provided both are individually eligible to invest under relevant provisions of the SCSS rules.

After retirement, the tax-saving strategy requires an immediate review as seniors can no longer use the EPF for tax savings. So, which are the best tax-saving options left for seniors after EPF?