1.%20Senior%20Citizens%20Saving%20Scheme%20%28SCSS%29

This%20scheme%20offers%20an%20interest%20of%207.4%20%25%20per%20annum%2C%20which%20is%20paid%20out%20quarterly.%20Since%20it%20is%20backed%20by%20the%20central%20government%2C%20the%20returns%20are%20assured.%20There%20is%20a%20lock-in%20period%20of%20five%20years.

2.%20%3Cstrong%3EPradhan%20Mantri%20Vaya%20Vandana%20Yojana%20%28PMVVY%29%3C/strong%3E

%3Cstrong%3EThis%20scheme%20is%20offered%20by%20the%20Life%20Insurance%20Corporation%20of%20India%20%28LIC%29.%20%3C/strong%3ELike%20SCSS%2C%20one%20can%20invest%20up%20to%20Rs%2015%20lakh.%20The%20rate%20of%20interest%20was%20recently%20cut%20down%20from%208%25%20to%207.4%25.%20The%20scheme%20has%20a%20tenure%20of%2010%20years.%20The%20scheme%20was%20going%20to%20end%20in%20March%202020%20but%20has%20been%20extended%20till%20March%202023%20by%20the%20central%20government%20owing%20to%20its%20popularity.

%3Cstrong%3E3.%20Annuities%20from%20Life%20Insurance%20companies%3C/strong%3E

Annuity%20plans%20from%20Life%20Insurance%20Corporation%20of%20India%20%28LIC%29%20%u2013%20Jeevan%20Akshay%20%28VII%29%20and%20New%20Jeevan%20Shanti%20have%20recently%20come%20into%20the%20limelight.%20Annuities%20work%20by%20paying%20you%20regular%20income%20immediately%20or%20in%20the%20future%2C%20in%20exchange%20for%20a%20lump-sum%20investment.%20Annuities%20offer%20a%20longer%20return%20over%2020-30%20years.

4.%20Government%20securities

Government%20securities%20are%20considered%20to%20be%20an%20incredibly%20safe%20option%20for%20investment%2C%20as%20they%20are%20%u2018sovereign%20bonds%u2019.%20One%20can%20invest%20in%20these%20through%20NSE%u2019s%20goBID%20platform%2C%20an%20online%20portal%20for%20investors%20aiming%20to%20purchase%20treasury%20bills%20and%20Government%20of%20India%20Dated%20Bonds.

%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23Finance%22%20data-user-id%3D%22vdfCkTLQAVNK%22%20href%3D%22/topic/finance%22%3E%23Finance%3C/a%3E%20%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23retirement%22%20data-user-id%3D%22y8ZpyfFyX4Vx%22%20href%3D%22/topic/retirement%22%3E%23retirement%3C/a%3E%20%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23return%22%20data-user-id%3D%2272ENLbfTrhU9%22%20href%3D%22/topic/return%22%3E%23return%3C/a%3E%26nbsp%3B