Investment Tips: Sitting at home in old age will earn bumper! Invest in these government schemes, you will get strong returns – investment tips how to become rich crorepati kaise bane know details
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Can invest 54 lakhs
Thus male senior citizens can invest a total of Rs 54 lakh with the help of these schemes. Whereas, for women senior citizens, this limit can go up to Rs 56 lakh if she also invests in the recently launched Mahila Samman Savings Certificate (MSSC). Thus, a senior citizen couple investing a total of about Rs 1.1 crore in these schemes can generate returns of over Rs 8 lakh annually at the current rate of interest. However, tax will also have to be paid on the returns. You can also consider PPF to get tax free returns. You can continue investing in it even after completion of 15 years.
Consider investing in the stock market as well
Always keep your focus on whether your investment portfolio is capable of withstanding the loss of purchasing power due to inflation. While investing some part of the investment in the stock market can help in increasing the money, on the other hand, you can also protect your savings from inflation. However, experts say that investing in it should be done according to your ability to bear the risk.
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