7 Reliable Investment Options for Regular Income

Achieving financial stability is crucial, especially during retirement. For those seeking dependable income streams, here are seven proven investment plans offering regular payouts and robust returns:

1. Senior Citizen Savings Scheme (SCSS)

Ideal for retirees, SCSS guarantees consistent interest throughout its five-year tenure. With a minimum deposit of ₹1,000, it’s a low-risk plan for secure returns.

2. Post Office Monthly Income Scheme (POMIS)

This government-backed plan allows investments up to ₹9 lakh. It offers tax benefits, a fixed five-year lock-in period, and reliable monthly income.

3. Annuity Plans

Popular among retirees, annuity plans provide regular payouts by investing a lump sum, ensuring a steady financial flow during post-retirement years.

4. Dividend-Paying Stocks

Equity share dividends distribute company profits to shareholders. Investing in high-dividend stocks is a strategic choice for consistent income and potential capital growth.

5. Systematic Withdrawal Plans (SWP)

An SWP in mutual funds lets you withdraw specific amounts periodically. It combines flexible withdrawals with capital appreciation, though it may incur capital gains tax.

6. Corporate Deposits

These offer fixed tenure investments with competitive interest rates. Corporate deposits are an excellent alternative to traditional fixed deposits, balancing risk and return.

7. Long-Term Government Bonds

Government bonds ensure fixed or floating interest payments, backed by sovereign guarantees. They are a secure choice for steady returns, ideal for risk-averse investors.

Choosing the Right Plan

Your investment choice should align with your financial goals, risk tolerance, and income needs. Diversifying across these options can optimize returns while minimizing risk.