18 Sep 2025 | 5 Mins Read
Retirees may seek alternative investments for steady income
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FDs remain in demand with elderly persons due to capital security, assured return, and periodic interest receipts, often with higher rates for senior citizens. However, they offer returns lower than inflation rates, causing purchasing power decline, prompting retirees to diversify into safer alternatives such as SCSS, debt mutual funds, and insurance annuities for tax efficiency and growth.