For regular income, senior citizens can invest in these 5 schemes, including the Monthly Income Scheme and the PM Vayandana Scheme | For regular income, senior citizens can invest in these 5 schemes, including the monthly income scheme and the Vayandana scheme


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  • For Regular Income, Senior Citizens Can Invest In These 5 Schemes, Including The Monthly Income Scheme And The PM Vayandana Scheme

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You can arrange a pension of 9,250 rupees every month by investing in Pradhan Mantri Vay Vandana Yojana

  • Post Office Monthly Income Scheme is being reduced to 6.6%
  • You can also arrange regular income for yourself by investing in fixed deposits.

If you are a senior citizen and want to invest for yourself in a scheme from where you can arrange regular income for yourself, then there are many schemes where you can invest. These schemes include Pradhan Mantri Vaya Vandana Yojana, Post Office Senior Citizen Saving Scheme, Fixed Deposit, Mutual Fund and Post Office Monthly Income Scheme. We are telling you about these schemes so that you can invest in them according to your need.

Pradhan Mantri Vay Vandana Yojana
One can also invest in the Pradhan Mantri Vaya Vandana Yojana (PMVVY) launched by the central government for senior citizens. Investments in this scheme can be made by 31 March 2023. It is a pension scheme for citizens 60 years and older. The benefit of this scheme can be availed by paying a lump sum. Assured payment will be made at the rate of 7.40% per annum. It will be given monthly. That is, it becomes equal to 7.66% annually. A maximum of Rs 15 lakhs can be invested in it. You will get a pension of Rs 9,250 every month for 15 lakhs. Click here for more information about the scheme

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Post offices can also invest in senior citizens saving scheme
If you want a good interest on deposits, then senior citizens of the post office can invest in saving scheme. Under this scheme you are offered an interest of 7.4%, ie in this scheme you get more interest than the fixed deposit of the bank. This account can be opened after the age of 60 years or more. The person taking VRS who is more than 55 years but less than 60 years can also open this account. If you invest Rs 15 lakh in Senior Citizen Scheme for 5 years, then after 5 years you will get Rs 2,164,272 at an interest rate of 7.4% per annum. That is, you will get 664,272 rupees as interest. Click here for more information about the scheme

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Post office monthly income scheme

It is being reduced to 6.6%. Under this scheme, accounts can be opened with a minimum of 1000 rupees. The special thing is that after the completion of the scheme you will get all your money back. That is, you can be guaranteed regular income from this account. If your account is single, you can deposit up to Rs 4.5 lakh. On the other hand, if you have a joint account, a maximum of 9 lakh rupees can be deposited in it. Maturity period is 5 years.

If you invest 4.5 lakh rupees under this scheme, then you will get interest of Rs 29700 per annum at 6.6% per annum. At the same time, if you invest 9 lakhs under a joint account, then you will get 59,400 years of interest. Click here for more information about the scheme

FD’s monthly income plan withdrawal
You can also arrange regular income for yourself by investing in a Fixed Deposit (FD) in the bank. The bank earlier had the option to withdraw interest on a quarterly and yearly basis, now some can withdraw monthly in the bank. You can choose it according to your need. Many other banks provide facilities including ICICI, HDFC and IDBI.

Keep these 7 things in mind before making a fixed deposit, otherwise you may have to bear the loss
Systematic Investment Plan of Mutual Fund

You must have heard about the Systematic Investment Plan (SIP) of mutual funds. But, do you know about the Systematic Withdrawal Plan (SWP)? Actually, mutual fund investors use this option to meet their monthly cash flow requirements. It can work on a monthly or quarterly basis. By the way, the monthly option is more popular. Investors can withdraw only a fixed amount or if they want, they can withdraw capital gains on investment. You can also plan regular income for yourself by investing in SWP.


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