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Best scheme for investing Rs 25 lakhs for monthly income

Here is how you can earn a monthly income by investing Rs 25 lakhs of your savings.<br><br>https://www.herofincorp.com/blog/invest-25-lakhs-for-monthly-income<br>

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Best scheme for investing Rs 25 lakhs for monthly income

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  1. Best scheme for investing Rs 25 lakhs for monthly income

  2. Time deposit  • You can earn interest by investing in a bank's fixed deposit.

  3. Corporate deposits (CDs) They are offered by NBFCs or HFCs. Consider the company's credit rating before finalising any CD. 

  4. Investment in mutual funds • You can invest a small amount at regular intervals through SIP or a large sum all at once through a lump sum.

  5. Government bonds They are the most secure form of investment due to government backing  You can easily sell them on the secondary market.

  6. POMIS • The post office monthly income scheme can be started with Rs 1,500. • You can earn monthly interest on it.

  7. SCSS • The Senior Citizen Savings Scheme is for people over the age of 60. • You can earn 7.4% interest on it.

  8. Pointers to take into account before investing for monthly income • Confirm whether the returns are guaranteed or market-linked. • Check to see if the scheme allows for early withdrawal. • Understand the tax implications of investment returns.

  9. There are multiple investment schemes on the market that provide consistent returns. You must be aware of their tax implications, flexibility, and whether or not the returns are guaranteed.

  10. Thanks! • Would Love to hear from you. • Hero Fincorp Limited • 09, Basant Lok, Vasant Vihar, New Delhi - 110057 • Tel : 18001024145 • Email : customer.care@herofincorp.com • Website :https://www.herofincorp.com/ Know More : https://www.herofincorp.com/blog/invest-25-lakhs-for-monthly-income

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