{"id":6616,"date":"2021-06-23T09:51:00","date_gmt":"2021-06-23T04:21:00","guid":{"rendered":"http:\/\/www.apnaplan.com\/?p=6616"},"modified":"2021-06-23T15:07:19","modified_gmt":"2021-06-23T09:37:19","slug":"regular-income-investment","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/regular-income-investment\/","title":{"rendered":"11 Best Investments for Regular Income"},"content":{"rendered":"\n
There can be several situations when we look for regular income<\/strong><\/span>. This is especially true for people after retirement\u00a0without any pension. Also there would be new entrepreneurs who need regular income until their start-up stabilises. <\/p>\n\n\n\n Regular income is important as it gives a sense of security, a level of satisfaction that you need not worry about the future. You become less stressed if you know that you have a regular income to take care of your future expenses. It also disciplines your spending habits and helps in planning your next bit ticket purchases.<\/p>\n\n\n\n Regular income becomes especially important for people who are retired from salaried job as they always had a regular income and hence have that habit of seeing money credited to their account every month. To maintain the same level of comfort after retirement or starting a new venture, we tell you\u00a011 investments which can generate regular income<\/strong> for you along with their pros and cons.<\/p>\n\n\n\n This is the most popular investment avenue for regular cash flows. You can choose to get the interest credited in your savings account every month, quarter or annually.<\/p>\n\n\n\n Expected Returns:<\/strong>\u00a03% to 7% for General Public and 3.5% to 7.5% for Senior Citizens. This keeps on changing with interest rate cycle.<\/p>\n\n\n\n The Good:<\/strong><\/span><\/p>\n\n\n\n The Bad:<\/strong><\/span><\/p>\n\n\n\n Useful Tips:<\/strong><\/span><\/p>\n\n\n\n Fixed Deposit with Banks is one of the most popular and convenient investment option. To help you choose the best, we compare the interest rates on fixed deposit across all major 48 banks in India including government, private, foreign and small financial banks<\/a> in India every month. This may prove to be quite handy for you in choose the Best Bank FD scheme<\/a>.<\/p><\/div><\/div>\n\n\n\n As the name suggests this is fixed deposit in Post Office on which you get regular monthly interest payment. The investment tenure is for 5 years only.<\/p>\n\n\n\n Expected Return:<\/strong>\u00a06.7% (revised by Government of India every quarter<\/a>)<\/p>\n\n\n\n The Good:<\/strong><\/span><\/p>\n\n\n\n The Bad:<\/strong><\/span><\/p>\n\n\n\n Sukanya Samriddhi Account, PPF, Senior Citizens\u2019 Savings Scheme are part of small saving scheme sponsored by Government of India. These schemes are quite popular and rightly so because of the safety, higher interest rate offered among other things. We have built calculator for each of them where you can check the maturity amount, loan eligibility, partial withdrawal and more. Click on the links to get the relevant calculator – PPF Calculator<\/a>, Sukanya Samriddhi Yojana Calculator<\/a>, Senior Citizens\u2019 Savings Scheme Calculator<\/a>, NSC Calculator<\/a>, Post Office MIS Calculator<\/a><\/p><\/div><\/div>\n\n\n\n SCSS is again a popular investment option for senior citizens. The interest is paid out Quarterly in the bank account.<\/p>\n\n\n\n Expected Return<\/strong>: 7.7%\u00a0(revised by Government of India every quarter<\/a>)<\/p>\n\n\n\n The Good:<\/strong><\/span><\/p>\n\n\n\n The Bad:<\/strong><\/span><\/p>\n\n\n\n Useful Tips:<\/strong><\/span><\/p>\n\n\n\n Senior Citizens\u2019 Savings Scheme<\/strong><\/strong> or SCSS is an excellent investment for senior citizens for regular income and tax saving u\/s 80C. It is 100% safe as its backed bu Government of India, the interest paid is generally higher than bank fixed deposits and the investment is eligible for tax saving u\/s 80C. We explain the eligibility, process and do’s & don’ts of SCSS in this post.<\/a><\/p><\/div><\/div>\n\n\n\n There are NBFCs and Companies (both Government owned and Private) which offer fixed deposit schemes with monthly\/quarterly or annual payment of interest.<\/p>\n\n\n\n Expected Returns:<\/strong> 8% to 9% (additional 0.25% to 0.5% for senior citizens)<\/p>\n\n\n\n The Good:<\/strong><\/span><\/p>\n\n\n\n The Bad:<\/strong><\/span><\/p>\n\n\n\n Useful Tips:<\/strong><\/span><\/p>\n\n\n\n Companies offer NCDs (commonly known as bonds) from time to time. NCDs pay fixed interest rates known as coupon. You can buy NCDs directly from NSE\/BSE using your Demat account or apply for them whenever they are issued by companies. These NCDs pay interest directly in your bank account and it can be monthly\/quarterly or annual.<\/p>\n\n\n\n Expected Returns:<\/strong> 8% to 11% (depending on credit rating<\/a>)<\/p>\n\n\n\n The Good:<\/strong><\/span><\/p>\n\n\n\n The Bad:<\/strong><\/span><\/p>\n\n\n\n Useful Tips:<\/strong><\/span><\/p>\n\n\n\n NCDs or non-convertible debentures or more popularly known as Bonds are a bit complex investment products. You must understand the product, risk involved, the taxation on interest received and when you sale it. We have done a separate post regarding this titled – Know all about NCDs<\/a>.<\/p> Also you can keep track of upcoming NCD issues<\/strong> here<\/a>.<\/p><\/div><\/div>\n\n\n\nWhy is regular income important?<\/h2>\n\n\n\n
Bank Fixed Deposit<\/h2>\n\n\n\n
Get Highest Fixed Deposit Interest Rates<\/strong><\/strong><\/h4>
Post Office Monthly Income Scheme (POMIS)<\/h2>\n\n\n\n
Sukanya Samriddhi Account + PPF + SCSS + POMIS Calculator<\/strong><\/h4>
Senior Citizen Saving Scheme (SCSS)<\/h2>\n\n\n\n
Senior Citizens\u2019 Savings Scheme: An Excellent Investment <\/strong><\/strong><\/h4>
Company Fixed Deposit<\/h2>\n\n\n\n
Company Bonds (NCDs)<\/h2>\n\n\n\n
Learn All about NCDs<\/strong><\/h4>