In this episode I talk about the zero risk RBI Floating Rate bonds 2020. These bonds Carty sovereign guarantee and are hence the best option for retirees.

Retired person from PSU and private sector who do not have pension benefits of GOI depends on their investment. Most important aspect rest on safety of investment and regular income. With decreasing bank intrest old person look for investment which is safe and gives return. RBI Floating Rate Saving Bond is such a option where you get 7.15% intrest or NSC post office intrest plus .35% for 7 years every six month and RBI return your money to your account 7th year. In case of mishappening your nominee gets all money back

LIC PMVVY is Pension scheme of Govt of India administered by LIC. Anyone above 60 years may join Maximum investment limit is Rs 15 Lakh you get a pension of Rs 9250/- every month and after 10 years all the money is refunded to you. In case of your death all the money is returned to your nominee. This scheme is GST free. Other all insurance scheme you have to pay GST to Government