Pension worries gone! These 3 government schemes will provide a monthly income like a salary, learn this new investment method

Best Investment Plan: Make your savings a source of income in the new year. By making small changes to traditional investment methods like FD laddering, Post Office MIS, and LIC, you can ensure a regular monthly income similar to a salary. Learn these special tips from experts for a secure future and financial freedom.

Best Investment Plan: With the start of the new year, people are planning to strengthen their financial position even further. It is often seen that people save money, but due to the lack of a proper investment strategy, they do not get a regular income. Financial experts believe that if you make minor changes to your traditional investment methods, you can receive a fixed amount every month as a 'pension' or 'salary'. For this, FD laddering, Post Office, and special LIC plans can prove to be a milestone for your financial security.

Generate cash with the FD Laddering technique

Bank Fixed Deposits (FDs) or Post Office Term Deposits have always been considered the safest investment option. But instead of locking all your money in a single FD, 'laddering' or staggered investment is a wiser decision. In this, the investor divides their total fund into parts with different maturity periods.

For example, if you have Rs. 5 lakhs, divide it into five parts of Rs. 1 lakh each and invest in FDs with different maturities ranging from one to five years. The advantage of this is that one of your FDs will mature every year, ensuring a continuous flow of money, and you can reinvest the matured amount at the prevailing higher interest rates.

Earn from home with the Post Office Monthly Income Scheme

For those who want a regular monthly income, the Post Office Monthly Income Scheme (POMIS) is a great option. This scheme is very effective for those who want a secure government guarantee while staying away from market risks. Under this scheme, a maximum of Rs. 9 lakhs can be deposited in an individual account and up to Rs. 15 lakhs in a joint account. This 5-year plan currently offers an interest rate of 7.4%. If an investor invests ₹15 lakh in a joint account, they will receive approximately ₹9,250 in interest every month, which is directly credited to their savings account.

LIC Jeevan Akshay: Guaranteed Lifetime Pension

LIC's 'Jeevan Akshay VII' plan is a reliable way to secure your old age and achieve lifelong financial independence. The biggest advantage of this plan is that a fixed pension starts from the very next month after the lump sum investment. Individuals up to 85 years of age can benefit from this plan, and it also offers the option of choosing a single or joint pension.

According to experts, if a 60-year-old invests ₹10 lakh in this plan, they will receive a monthly pension of approximately ₹5,124 for life. Importantly, the pension rate, once fixed, remains constant until the age of 100, and the investor also receives life insurance cover up to ₹10 lakh.

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