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Posted on: Aug. 23, 2020, 8:01 p.m.
Senior citizens can invest in Pradhan Mantri Vaya Vandana Yojana and Senior Citizen Savings Scheme for steady income. : At a time when banks are reducing interest rates on fixed deposits, senior citizens who depend on bank deposits for monthly cash flow are feeling the pinch. As real interest rates have turned negative since December last year, retirees should diversify their investment corpus across various fixed income instruments for steady cash flow. The PMVVY is a guaranteed pension scheme with … Full investment news articleRelevent to this post: NAV State Administration of Foreign Exchange,