Investment is available till 31st of current month. This central scheme is run by LIC and has a monthly income scheme. Its returns are quite good and as it is basically an insurance based scheme there are some special opportunities for savers
With the word leisure, many people associate boredom with the rush to live a personal life. Those who do not have a pension are not guaranteed to get enough money to run their household like a salary. Many people worry about how to spend the rest of their lives. But look at how to leverage your lifetime savings for income after retirement.
Senior Citizen Savings Scheme.
Now up to 30 lakh rupees can be deposited in this scheme. You can deposit through bank or post office. By keeping money in this five-year scheme, it can be reinvested again for three years. Interest rates are also relatively high. Nomination is required to open an account.
Pradhan Mantri Vaya Vandana Yojana.
The scheme is insurance based, investable for ten years. Investment opportunities are available till 31st of the current month. This central scheme is run by LIC and has a monthly income scheme. Its returns are quite good and as it is basically an insurance based scheme there are some special opportunities for savers.
How to the stock market works?
Pour money into these two projects above. After that, you have to go to a savings advisor. Even if you are 60 years old under the law, you still have 25 to 30 years of life ahead of you. After spending the whole life in bed, this time must be enjoyed. But along with that, the body will also break during this time. So you have to manage all other age related problems while enjoying life.
So in terms of savings, you have to think about the ratio of money in shares, bonds and fixed deposits so that you get the right amount of profit. And here comes the question of the help of a savings advisor.
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