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Best Investment Schemes To Help You Earn Regular Monthly Income

  • There are two options by which anyone can make money. First is by working at a company and earning you salary and second is where your assets work for you and get you money. The first method is common, and almost everyone does it.

     

    However, one can’t keep working all life, and one day, we all need to retire. Some companies may offer you pension so that you can manage your post-retirement expenses while some may not.

    Best Investment Schemes In India

     

    Hence, it becomes vital to invest some money in monthly income investment options in India.

    The monthly income investment will help you create an alternate source of regular income. Keeping your money in a bank savings account won’t help you as it won’t fetch a higher return on it.

     

    Thus, it becomes essential to opt for a monthly interest scheme that offers you handsome ROI with less or no market risks at all. Let us see some monthly interest schemes so that you can invest and get started.

     

     1) Fixed Deposits

    The fixed deposits have been, is and will continue to remain as one of the best and most preferred monthly interest schemes that you can ever invest in India. Fixed deposits carry no market risks at all unlike other investment vehicles in India. When your deposit is sure to get risk-free returns, you can also be sure of meeting many of your goals upon its maturity. The interest that you can gain on fixed deposits could be higher and could be 8-9%. If you are a senior citizen and want to invest, you can get a higher interest based profits than others. What’s more, if you want some urgent money before the maturity of the FD, you can avail a loan against FD as well. Like this, you will keep earning your ROI without breaks. These days, you can open a fixed deposit plan online. Opening a company FD plan is considered viable as it offers more profits than a conventional bank’s FD scheme.

     

     2) Post Office Monthly Income Scheme

    Another monthly interest scheme that you can go for is the Post Office monthly income scheme. It is a monthly plan where one can invest his/her money and get a fixed monthly income. The total monthly income from the Post office monthly income investment may depend on your invested figure. The scheme has the provision to let an individual invest up to Rs.4.5 lakh from an individual account and up to Rs.9 lakh via a joint account. The tenor of the Post office MIS is 5 years. This monthly interest scheme can help you enjoy an annual interest of 8%. This is not the end of it – one also gets a bonus of 5% at the end of the tenor – increasing your overall income.

     

     3) Senior Citizen Savings Scheme

    This plan is only for senior citizens who have attained an age of 60 years and can invest up to an amount of Rs.15 lakh in it for 5 years. You can get 9% interest on your investment and can also get an extension of the scheme for another 3 years. A person who is under the age of 50-55 years and has taken voluntary retirement or anyone retiring from the defence is also eligible to invest in it.

    Additional read: Senior Citizen Fixed Deposit scheme

     

    The Bottom Line

    There are just a few monthly interest schemes that can let you invest your money in them and earn quality ROI without market risks. Now that you are aware of the vital monthly investment options in India, you can apply for them and start saving!