Pension Plan : People start investing in advance to avoid financial problems after retirement. For which many investors consider only government schemes safe. Lakhs of people invest in Senior Citizens Saving Scheme, NSC, PM Vaya Vandana Yojana, Atal Pension Yojana and Saral Pension Scheme. So that they can avail the benefit of government pension in old age. But do you know that you can also avail monthly pension through RBI bonds.
About RBI Floating Rate Bond
RBI’s floating rate saving bonds offer more interest than NSC and SCSS. Currently it is getting 7.7% interest. The government also keeps revising its interest rates every 6 months. There is no limit on maximum investment in this. The bond matures in 10 years. It is also considered a safe way of investment.
The government guarantees inflation linked returns in this bond. Therefore, it can prove to be the best option for retirement planning. However, there may also be tax on the deposited amount. Therefore, before investing, understand the tax related information.
This way you will get a pension of Rs 33,000
Floating rate saving rate bonds are yielding more than 7 percent interest. If a person invests Rs 54 lakh in this bond. So after maturity he will get half yearly income of around Rs 2 lakh. According to this, an investor will get income ranging from Rs 33 thousand to Rs 34 thousand every month.
