REC, NHAI are safe investments; Pradhan Mantri Vaya Vandana Yojana good for regular income payouts

Q. I have a query regarding REC and NHAI capital gain bonds. In the present scenario, are they totally safe investments? Are post office time deposits and NSCs totally safe? Is LIC pension scheme a good investment?

Surekha Ananth

A. REC and NHAI are government-backed bonds and therefore safe. The same holds good for post office deposits and NSC.

As for LIC Pension – it depends on the nature of the scheme, whether it is an immediate annuity payment option or deferred and other terms. If you are talking about Pradhan Mantri Vaya Vandana Yojana, it is indeed a good scheme to get regular income payouts. We would suggest you first exhaust post office senior citizens’ scheme and this policy option and then look at other quality corporate deposits and FDs, if you need regular income.

(The author is a financial planning adviser)

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Printable version | Apr 1, 2020 8:35:56 AM |

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