The beginning of the new financial year marks the changes in the income tax rules and others money changes. It is important to know new inc...

Currently, the interest rate offered on Pradhan Mantri Vaya Vandana Yojana or PMVVY is 7.4% a year. The interest rate has been kept unchang...

The scheme allows premature exit during the policy term under exceptional circumstances like the pensioner requiring money for the treatmen...

To earn double-digit annual returns, you will need to invest your corpus in equity mutual funds. Equity is a volatile asset class and curre...

Pradhan Mantri Vaya Vandana Yojana scheme offered by LIC of India gives a guaranteed payout of pension at a specified rate for 10 years. It...

To ensure maximum capital protection, opt for funds with maximum exposure to AAA-rated or sovereign bonds. You can consider Aditya Birla Su...

For senior citizen investors, safety and returns play an important role while choosing an investment product. For that, they can consider t...

A look at the options available to senior citizens/retirees who depend on it to meet their financial needs.

Considering one's age and risk appetite, one can shift from bank FDs to floating rate funds.

" To earn a pre-tax monthly income of Rs 40,000 on an investment of Rs 56 lakh, you need an annual return of 8.5%."

Liquid funds can generate around 6-7% returns in a year, while low duration funds can give 7-9%.

Invest in products that match your risk appetite. You should also consider factors like taxation, frequency of payouts and lock-in period.

ET Wealth tells you how much you are likely to earn if you invest Rs 10 lakh in an annuity plan compared to other options such as SCSS, PMV...

Budget 2018 proposes to increase investment limit to Rs. 15 lakh from the existing limit of Rs. 7.5 lakh per senior citizen.

PMVVY is a pension scheme exclusively for senior citizens (aged 60 years and above) which is available from May 4, 2017 to May 3, 2018.

The scheme is open to people aged 60 years and above. It can be purchased offline as well as online through the state-run Life Insurance Co...

The PMVVY has a term of ten years and provides a return in the range of 8 to 8.3 percent depending on the mode of pension that one chooses.