Five Safe Investment Options For Senior Citizens

As a senior citizen, you should be eyeing investments that offer high returns along with the stability and safety of your invested capital. Many instruments offer stable returns but they do not provide high returns whereas some instruments offer good returns but don’t offer stability to your investment. To counter these issues, you can go through the below listed five safe options that also generate lucrative returns:

Senior Citizen Saving Scheme 

Senior Citizen Saving Scheme is a special investment scheme that you can resort to after retiring. It enables you to invest anywhere between Rs. 500 to Rs. 15,00,000 as per your convenience. The high-interest rate and stability offered by this investment scheme make it one of the best options for senior citizens. 


POMIS i.e. Post Office Monthly Income Scheme is another option that can keep your savings safe from the market forces. It allows you to invest up to Rs. 4,50,000 if you want to open a single account and up to Rs. 9,00,000 if you want to open a joint account. However, the interest generated will not be fixed as the government revises the interest rate after every 3 months. 

Debt Funds 

If you are a senior citizen who wants to achieve higher growth for his investments, you can invest in debt funds. As your invested amount gets allocated to fixed income instruments, they are a lot safer than equity mutual funds. However, for earning considerable gains, you will have to prefer long-term investments and the debt funds also lack easy liquidity options. 

Fixed Deposit 

For decades, fixed deposits have remained a popular investment option for senior citizens in Indian. This is because of the flexible withdrawal and investment options they provide. However, for earning better returns you can invest in a corporate FD like Bajaj Finance FD that provides sufficient returns along with stability. The FD interest rate offered by this fixed deposit scheme can go up to 6.75% and you also get a flexible tenor ranging from 12 to 60 months to plan your investments. 

Moreover, you can also benefit from the monthly, quarterly, yearly, and six-monthly interest payout options that Bajaj Finance non-cumulative FDs provide to assist your additional expenses. 

Also, the easy withdrawal norms that allow you to withdraw your deposits prematurely after completion of only 3 months from the investment date make it flexible in terms of liquidity options. You can also take a collateral-free loan against your FDs to fend off an emergency without disturbing your investments. The high credit ratings provided to this instrument by ICRA and CRISIL make it a highly trusted and one of the best FD schemes options for everyone. 


As a senior citizen, you can also invest in SDP (Systematic Deposit Plan) which is offered by Bajaj Finance. The flexible investment and convenience provided by this investment scheme make it a highly profitable option especially if you don’t want to commit all your money to a single FD. By investing Rs. 5000 or more every month, you can earn considerable interest gains. You also have two SDP variants to choose from, one which allows you to withdraw all the deposits at once and the other that provides interest proceeds every month upon tenor completion. 

In the Single Maturity Scheme, you will be depositing a fixed amount every month but as all your deposits will mature on the same date, you will get a hefty sum at maturity. However, if you need to earn monthly proceeds, you can invest in the Monthly Maturity Scheme that allows you to lock in each deposit for a period of up to 60 months. The benefit of investing in SDP is that the high FD interest rate offered by Bajaj Finance FD is applicable on this instrument as well. Also, this Bajaj Finance FD investment allows you to earn sufficient returns without depositing a bulk amount.