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Dr. Rajendran Thangavel

Senior Citizen's Deposits in POs and LIC.

Kindly enlighten me about these two types of deposits meant for senior citizens. Can a person deposit the maximum specified amount in both the schemes. Which is better of these two? more  

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Deekshitulu Kalaga (President Sri Rama hills welfare association)
thank you sir, On Thu, Aug 10, 2017 at 3:11 PM, Alagappan Alagappan < support@localcirclesmail.com> wrote: > more  
Juvvadi Kishan Rao (Retd sr Dy Generai Manager R&D at BPL Bangalore .)
Good morning, 1. You can deposit up to 15 lakhs in post office and another 7.5lakhs in LIC . 2. P O interest presently is 8.3 and LIC interest8%. God bless you Sent from my iPhone > On 04-Aug-2017, at 11:16 AM, Dr. Rajendran Thangavel wrote: > > > > > Dr. Rajendran Thangavel > Dr. Rajendran Thangavel posted a message in "Tax, Investments and Retirement". > Subject: Senior Citizen's Deposits in POs and LIC.. > Kindly enlighten me about these two types of deposits meant for senior citizens. Can a person deposit the maximum specified amount in both the schemes. Which is better of these two? > Reply Reply to this email to post a comment. > > If you believe that this post is inappropriate for this Circle, report it. > This email was sent to J_kishanrao@yahoo.com. If you don't want to receive emails from LocalCircles in future, please Unsubscribe. > LocalCircles, Inc., 1556 Halford Ave., Suite 290, Santa Clara, CA USA 95051. > 2413, 4th Floor, Tower 2, Express Trade Towers 2, Sector 132, Noida, 201301.Privacy Policy. > more  
Alok Kumar Mathur
All senior citizen schemes fetch you 8.5% to 9%. And the interest is taxable. So unless you are in the no-tax bracket these schemes are not attractive. It is much better to go for a suitable mutual fund, depending upon your risk appetite and window of time available. In mutual funds the interest earned ( above 3 years)is tax free. more  
Deekshitulu Kalaga (President Sri Rama hills welfare association)
better invest in mutual funds in balanced funds you get better returns like hdfc balanced fund and L and T giving good results more  
Sudershanrao Kanukurthy
http://economictimes.indiatimes.com/wealth/invest/all-you-need-to-know-about-senior-citizen-savings-scheme/articleshow/57251600.cms http://economictimes.indiatimes.com/wealth/invest/plus-and-minus-points-of-senior-citizens-savings-scheme/articleshow/48719258.cms http://www.licindia.in/Products/Withdrawn-Plans/VARISHTHA-PENSION-BIMA-YOJANA-(UIN-512G291V01) http://www.financialexpress.com/money/senior-citizen-pension-scheme-in-india-10-things-to-know-about-pradhan-mantri-vaya-vandana-yojana/771804/ https://www.policybazaar.com/insurance-companies/lic-india-pension-plans/varishtha-pension-bima-yojana-plan/ Please go through the above links to understand the benefits and drawbacks of both the schemes and make a decision. more  
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