Investment for maturing bank deposits for a retired 66 year old person

This query is : Resolved

Quick Summary

Query on safe investment options for a 66-year-old retiree after bank FD maturity. It was suggested to prioritise SCSS for high guaranteed returns, followed by RBI bonds for unlimited safe investment. If these limits are exhausted, diversified multi-asset mutual funds can be considered for balanced risk and returns.

pkkapoor

pkkapoor (Querist)
Follow

04 January 2026 A retired 66 year old person invested a part of terminal benefits in bank deposits five years ago. This is maturing this month only.
Considering risk and safety criteria for this retired person, where should he invest to earn best possible return?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

05 January 2026 For a retired person aged 66, the best investment options in India that balance risk, safety, and returns are government-backed schemes and senior citizen bank fixed deposits (FDs). The Senior Citizen Savings Scheme (SCSS) is likely the best choice for a high, guaranteed, and regular income stream. The SCSS currently offers the highest stable interest rate among the government schemes listed at 8.2% per annum, which is higher than most bank FDs. Partly can be invested in RBI Bonds.

pkkapoor

pkkapoor (Querist)
Follow

05 January 2026 But if Limit for SCSS is exhausted and RBI bonds also already done!

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

05 January 2026 In that case consider some multi assets MF. RBI bonds can be purchased for any amount. No cap.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Rajasekar

RAVINDRA KUMAR

ashvini tripathi

CA.Pinank Arvindbhai Shah

Shantaveeresh Manur

Subscribe Now

Investment for maturing bank deposits for a retired 66 year old person

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA