SCSS, POMIS, and FRSBs are low-risk options for seniors seeking regular income. SCSS offers 8.2%, POMIS 7.4%, and FRSBs 8.05% interest annually. Combining investments in all three can yield a monthly income of approximately ₹52,000, with room to grow using FRSBs.
How to use popular saving instruments to generate regular income for retirees?
livemint.com - 15 May 2024 10:51
SCSS, POMIS, and FRSBs are low-risk options for seniors seeking regular income. SCSS offers 8.2%, POMIS 7.4%, and FRSBs 8.05% interest annually. Combining investments in all three can yield a monthly income of approximately ₹52,000, with room to grow using FRSBs.
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