4 Best Investment Schemes for Senior Citizens | AU Small Finance Bank
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4 Best Recommended Investment Schemes for Senior Citizens

    Senior citizens need a steady flow of income to enjoy a luxurious retired life. Hence, it becomes important for them to invest in a risk-free and diverse investment portfolio that not only provides them with better security but also delivers income and growth.
     
    Here, we take a look at the 4 top recommended investment schemes for senior citizens.
     
    1. Fixed Deposit

      • Senior citizens get a 0.50% extra interest on Fixed Deposit at AU Bank
      • Interest payout option is available on a monthly & quarterly basis, as well as at maturity
      • At AU Bank, senior citizens can start with an FD as small as Rs. 1,000
      • Flexible tenure ranging from 7 days to 10 years depending on the bank
      • Safe and free from market variables
      • Premature withdrawal, nomination, loan, and sweep-in facility
     
    1. Savings Account

      • A savings bank account ensures the safety of your money
      • Saving account offers good interest rates with personalized services
      • AU Bank allows you to open Senior Citizen Savings Account, with a min balance of Rs. 5,000/-
     
    1. Recurring Deposit

      • Allows you to deposit a fixed amount of money every month for a predefined period of time of your choice
      • Interest is paid only on maturity
      • Best and safe option to invest
      • Allows you to build your wealth, bit by bit
      • At AU Bank, senior citizens can start with an RD as small as Rs. 100
      • This may have a minimum tenure of 3 months and a maximum tenure of 10 years.
     
    1. Debt Funds

      • Long-term debt funds can offer a higher value depending on the performance

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