As we know, interest from FD is not up to the mark. So, there are few Schemes or plans in which senior citizens can invest for better returns.
| Particulars | Senior Citizens Savings Scheme | Pradhan Mantri Vaya Vandana Yojana | Post Office Monthly Income Scheme |
| Rate of Interest | 7.4% | 8.00% | 7.6% |
| Minimum investment | Rs. 1,000 | Rs. 1.5 Lakhs for minimum pension of Rs. 1,000 per month | Rs. 1,500 |
| Maximum Investment | 15 Lakhs | 7.5 Lakhs for maximum pension of Rs. 5,000 per month | 4.5 Lakhs |
| Lock in Period | 5 years | N.A. | 5 year |
| Eligible for Tax Deduction | Yes | No | No |
| Short Term Earning | Interest Annually | Monthly Pension | Monthly Interest |
