One guaranteed-income option every retiree should invest in

Summary: What’s the one thing every retiree needs most? A regular, dependable income. If that resonates with you, keep reading, because there’s one investment option that guarantees fixed quarterly payouts. It’s designed to help you — or your loved ones — comfortably manage monthly household expenses (or at least a part of it). With the Reserve Bank of India cutting interest rates in recent months (from 6.5 per cent to 5.5 per cent) and further cuts expected later this year, fixed-income investors — especially retirees — could face a decline in returns from traditional instruments like bank FDs and small savings schemes. And that’s precisely why this is the moment to act. Because one scheme still offers high, guaranteed income — and that’s the Senior Citizen Savings Scheme (SCSS). Currently offering a generous 8.2 per cent per annum, SCSS is not only the highest-yielding government-backed option available to senior citizens, it’s also the most reliabl

This article was originally published on July 30, 2025.