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Five ways to generate passive income after retirement
Here are five best investment avenues that senior citizens can consider for creating a regular flow of income
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Take vaccines to the door of the old and infirm
There is a vast constituency consisting of old age home residents, patients in mental asylums and a section of senior citizens in metros and other tow
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Small finance banks are offering minimum 7% interest to senior citizens on 3-year FDs
Small finance banks can undertake all basic banking activities including lending and taking deposits
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SBI Fixed Deposit rates for senior citizens
Senior citizens can time and align their FDs with the varying tenures offered by the bank and encash them accordingly
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Fixed Deposits: These banks are offering up to 6.5% interest to senior citizens for 1-year tenure
Fixed deposits are safe and can provide stable income in old age
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These banks are offering up to 7.5% interest on FDs for senior citizens
Senior citizens can time and align their FDs with the varying tenures offered by the bank and encash them accordingly.
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Small savings schemes: Citizens dependent on it are facing a harrowing time
Apart from the savings bank interest rates in post offices, all instruments have suffered a sharp drop in interest rates over the past one decade
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Keep at least Rs 119 in your post office savings account to avoid closure
There is no way of reviving a closed account and one has to open a new one
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Post-retirement life for majority in India an uphill ride
With majority of professionals employed in the private sector and PSUs, the thought of inadequate financial security at the fag end of life can be ver
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A look at how some startups are looking to make lives of senior citizens easy
Some companies are providing essential services like medical assistance, nursing care, bill payments, tech support and wellness services for senior ci
