Best investment options for senior citizens during Coronavirus pandemic: The financial lives of senior citizens have been affected by the coronavirus outbreak and subsequent lockdown as they generally deal with their investments through visits to banks or post offices. Here are some investment options a senior citizen may consider:
GoI Savings Bonds
Government of India Savings Bonds (GoI taxable bonds) are also referred to as RBI bonds. Sovereign guarantees back these bonds, and they come with 7.75% interest rate. The scheme has two options: non-cumulative option where interest is paid out bi-annually and cumulative option which pays interest on maturity.
