17 Sep 2025 | 5 Mins Read
Senior citizens with limited funds may consider conservative mutual fund
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At 60, the ₹20 lakh bank FD earning ₹1.5-1.6 lakh interest annually is a safe choice. However, for enhanced returns without significantly increasing risk, consider the Senior Citizen Savings Scheme (SCSS) offering 8.2% per annum. For remaining money, stay in FDs or Post Office schemes, such as 5-year FD at 7.5% or Monthly Income Scheme (MIS) at 7.4%.