These three projects can make a big profit by investing in senior citizens, check the details

Rising inflation is a big challenge in today’s era. If you are getting Rs 100 worth of goods at the beginning of the year, it will be Rs. 106 would be, if we consider inflation at 6%. In such a situation, where to invest to control this inflation is the biggest challenge. Especially for recently retired people, their general income is low.

Currently, after retirement, people are investing their money in a fixed deposit scheme, where the returns are lower than inflation. In addition to this, other projects also do not offer much stimulating returns in line with the inflation rate. Currently, SBI is offering a 5% return on 1-year FD, and we see that this investment is not enough compared to the inflation rate. In such a situation, the question is where to put your money after retirement so as not to affect rising inflation. Tell us about three such projects.

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Reserve Bank Bonds (RBI Bonds): Investors are paying interest on RBI bonds at 7.15 per cent. Investors receive no fixed interest rates on the bond, but interest rates are checked every 6 months. It is linked to the center’s National Savings Certificate. The term of these bonds is 7 years. Apart from this, interest earned on it is taxed.

Senior Citizens Savings Scheme: Senior Citizens Savings Plan is a good option. One or more accounts can be opened for up to five years. But the limit is only 15 lakhs. Currently, the project is receiving a 7.4 per cent interest rate, with interest rates reviewed quarterly. Interest earned on this is taxable because the government believes it is another source of income. TDS will be deducted if the interest amount exceeds 50,000 in one year.

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Credit Risk Fund: In the first two projects, principals are completely safe. But returns are not as attractive as tax jurisdictions. Mutual funds, such as credit risk funds. Who invested in debt. However, there is a risk of losing the principal. This represents a return of 8.12% over the past one year. But there is also the risk of profit from investing here.

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