Investment Schemes That Offer Regular Income

Here is the list of schemes you can invest in to get a stable income post-retirement

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Atal Pension Yojana (APY)

Atal Pension Yojana is a government scheme that offers a stable income after retirement. Anyone between the age of 18 and 40 years with a bank account can subscribe to the scheme.

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Senior Citizens’ Savings Scheme

This is another government scheme for senior citizens that requires you to deposit a minimum of Rs 1,000 and a maximum of Rs 30 lakh to get regular income and tax benefits.

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Unit Linked Insurance Plan (ULIP)

A Unit Linked Insurance Plan offers benefits of both insurance and investment. Hence, it is the ideal post-retirement scheme for many.

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Post Office Monthly Income Scheme (POMIS)

A POMIS account can be opened with a minimum deposit of Rs 1,000 and a maximum of Rs 9 lakh. For joint accounts, a maximum of Rs 15 lakh can be deposited.

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National Pension Scheme

This scheme can also provide a regular income after retirement. A unique Permanent Retirement Account Number (PRAN) is given to each subscriber of this scheme.

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