March 8th, 2010

What are some places where senior citizens can invest their retirement funds in India?

nph asked:


What are some tax- saving bonds and funds where senior citizens(60 years) can invest? What financial instruments can they purchase so that their annual income doesn’t come in the taxable bracket? Thanks!

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This entry was posted on Monday, March 8th, 2010 at 1:56 pm and is filed under Senior Citizens. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “What are some places where senior citizens can invest their retirement funds in India?”

  1. HMT Says:
    March 8th, 2010 at 6:19 pm

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    Investment options:

    1. Senior Citizen Scheme
    2. 5 year FD in P.O. or Bank.
    3. MIS in P.O.
    4. Debt Funds from M.F.s
    5. NSCs
    6. PPF

    You need not worry about tax saving options because the non-taxable income limit is Rs 2,25,000/-

    Your 2nd Q is un-intelligent. Let your annual income increase far beyound Rs 2,25,000/-. You will pay tax @ 10 or 20%, but the rest 80 to 90% after tax is yours to enjoy.
    If you are asking about investments u/s 80C, then some of the options listed above are eligible.