Are you at age 60+ then you have this Option for LIFE…

Are you at age 60+ then you have this Option for LIFE…

A Senior citizen is the one who is above 60+ aged, generally we advise adults to go with EQUITY Investments, LICs, MUTUAL FINDS, SIP Investments or on Asset like Land/Plots which can generate income. All of these investment opportunities are good who has got Age and Energy to Earn and Save. Seniors are those who are at the age who cannot go on physical/mental works for generating Income.

Alternatively, definitely it is not the are for them to go on work, I cordially suggest all seniors kids who are adults now, they must take care of their elders at their maturity.

The best according to me for Seniors is to Put an FD with Monthly Withdrawal Interest Option for tenure of 2 or 3 years. They can periodically re-do the same once tenure is mature.

In this case they will be able to withdraw Interest Regularly/Monthly, it supports their daily needs and the money will be safe in Bank hands. Risk Factors are totally 99% away.

But the mandate factors are to keep minimal amount of funds so the the generated interest is pretty High, at least 30+ lakhs. At least 10,000Rs must be there every month in their hands.

However, as low as 10,000Rs FD can generate 140Rs monthly as 7% interest.

Let me know if any other best suggestions you people have.

Donot Forget to Invest in Stock Market at your adult age, Beging now with a Demat account click here.

Previous What are the Major Stock Exchanges in India?
Next 14 Companies to Invest Now in February 2019

About author

You might also like

PROLIGHT 0 Comments

4 Rules to Grab Money from Stock Market

In India, more than 95% of the population has never invested in the market. They have heard about how one has made excellent returns but they do not have anyone

PROLIGHT 0 Comments

1SW Strategy – in Stock Market

Earning money in the stock market is always a challenge, here is one of the most successful, our own investing and short term-based trading strategy, throughout excellence we have refined

PROLIGHT 0 Comments

Is it possible to buy stocks in INR and sell them in USD?

It is not possible, the exchanges in India authorized to do transaction in INR only. Some of the ETFs are allowed across many nations to buy in USD, however you

0 Comments

No Comments Yet!

You can be first to comment this post!

Leave a Reply