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Answers 

What are the best saving plans for senior citizens in India?

Total Answers 1
Answer by: VISHAL BANSAL

There are various investment schemes are available in the market. i am telling about major 6 investment plans-

1. Senior Citizen Savings Scheme (SCSS)

2. Monthly Income Scheme (MIS)

3. Pardhan Mantri Vandana Vaya Yojna (PMVVY)

4. Mutual Fund (MF)

5. Fixed Deposit Receipts (FDR)

6. National Saving Certificate (NSC)

WHICH ONE IS BEST SCHEME

As per my opinion, Senior Citizen Saving Scheme, Monthly Income Scheme & Pradhan Mantri Vaya Vandana Yojna are the best investment option to earn monthly income. However Senior Citizen Saving Scheme is a very good opportunity for senior citizens. This is an effective & long term saving option which offers security and features that are usually associated with any government-sponsored savings or investment scheme.


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