Savings Must ?

Senior people at loss as Bank FDs intrest less. Now any type of Mutual Funds ,Liquid Funds prone to Stamp Duty. Gains for LTCG. Dividends TDS! SCSS etc Long duration with reduced yields! Is Saving a Crime? Only then any one has buying Capacity. We can not hoard GOLD ! Even Gold bonds are Taxable ! Please suggest to LIVE & LET others too LIVE normally
Thank God I continue in NPS till age 65!
Sathyamoorthy Retd BSNL Trichy. more  

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I think present Govt is not taking proper care of its Senior Citizens.Specially those who are Non pensioner.Interest and other income is falling every year and Inflation is adding every year.
Govt must look in to the Financial Grievience of Senior Citizens. more  
Pathetic situation as banks are giving FD Interest starting 3.05% PA and on this TDS will also be deducted. So in fact if you take into consideration inflation then public is loosing their hard earned money by believing it is safe in Bank FD. Its much better to take calculated risk with proper Risk Reward ratio and go for investments in Bonds, MF, Equity and Gold ETFs. One may have average annual return of 8-10 % without TDS till you redeem it. more  
A lot of saving is required to have reasonable returns from invetments more  
Every day the policy is changing of Bank. It's better to consumption not to deposits money. Bank is not for common people for customers services. Its main aspect how to make money by harassment. more  
It is true. Government, PSU employees most of them, in the past, never even spent some time about investment, inflation, real return on investment and so on. Many want Pension from Government.The life after active earning or retirement has increased by at least 20 years. Pension to the retired person, from the taxpayer money, as Government cannot earn money equal to pension disbursed. Mr Satyamurthy done good thing in investing in NPS.
It is important for everyone to understand to some extent about the time value of money, that is purchasing power in future. Good example is that one cannot buy the same product with same amount of money. Like, Gold, petrol, osmetis, food products and so on.
It is important to save from the beginning of the employment to know about investment to be Financially independent after retirement. Investing depending on what for and when and how much required. Other factors to be considered are the age, their financial commitments, dependants. Seek some advisors / experts advise. Know about the type of investment risk involved and what is it one looks for. The return and risk go together.
Mutual Fund is one good option and what scheme one investing depends on the return expected and risk one can take. Many schemes are their and one has to choose depending on the need. for shorter term like one/two year safety is important. Longer period over 5 years one can take some risk to get better return or wait for some more time to get the benefit of higher return.
While one can approach an financial advisor, there is need to understand the investment strategy more  
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