Despite the growing popularity of market-linked instruments like mutual funds and stocks, fixed deposits (FDs) remain the go-to investment choice for many retirees and senior citizens. The reason? Stability, predictability, and peace of mind — even if it means sacrificing higher returns. > Fixed Deposits: Capital Protection and Predictable Income For retirees who rely heavily … Read more
The Centre is set to introduce the Unified Pension Scheme (UPS) on April 1, providing a fixed pension security to central government employees. Designed within the framework of the National Pension System (NPS), UPS aims to give a guaranteed pension, particularly beneficial for those employees seeking a stable post-retirement income. Central government employees who are … Read more
I am 58 years old and I work with a private firm in Bangalore. I have invested in equities and equity mutual funds earlier. But now my wife wants us to save a part of our savings with fixed-income and non-risk funds for our retirement. My wife is a housewife and our daughter is in … Read more