Where should a retired couple invest their Rs 1 crore today?

Summary: You’ve just retired with Rs 1 crore in hand. The big question now: how do you turn it into a steady income without watching it vanish too soon? Let’s find out because there is no one-size-fits-all solution. The answer depends on your risk profile… Retirement is often called the “second innings” of life, and like in cricket, the strategy here is very different from the first. For a retiree couple sitting on Rs 1 crore, the big question is: How do we invest this money to generate steady income without running out of it too soon? So, let’s see how they can go about it. Option 1: Senior Citizen Savings Scheme (SCSS) If there’s one scheme tailor-made for retirees above 60 seeking regular income, it’s the Senior Citizen Savings Scheme (SCSS). It ticks almost every box: higher returns than other debt-oriented investment options such as fixed deposits (FDs), Public Provident Fund (PPF), among others. Currently, SCSS offers a very attractive 8.2 per cent per annum, making it the highest-yielding government-backed option for senior citizens. Benefits of SCSS 1. Assured high returns Most big-bank FDs are offering between 6–7 per cent today. SCSS beats them comfortably at 8.2 per cent. If you invest Rs 30 lakh (t

This article was originally published on August 19, 2025.