World Senior Citizens Day 2024: 5 top investment options for them

Written By:  Vani Jha

1. Senior Citizens Savings Scheme

The Senior Citizen Savings Scheme (SCSS) is a government-backed savings scheme for people above the age of 60 years. 

2. Post Office Monthly Income Scheme

The Post Office Monthly Income Scheme is a low-risk monthly income scheme. It also offers considerable capital protection, safeguarding individuals during the initial years of retirement. 

3. Senior Citizen Fixed Deposit

Investment in a fixed deposit might be safe, but the deposited amount becomes inaccessible for a fixed duration. 

4. Mutual Funds scheme

Investment in a fixed deposit might be safe, but the deposited amount becomes inaccessible for a fixed duration. 

5. Gold Fund

Gold funds are one of the most trusted investment options regardless of the age of investors.