LIC of India Guaranteed Monthly returns plan: Indians from outside India, like NRIs, OCIs, and PIOs of Indian origin, can invest in India. The transfers would be made direct, and from the first month onwards, the guaranteed pension would be paid. The investment is 100% safe with the government of India.
National Savings Certificate (NSC)
The NSC is another government-sponsored investment that offers guaranteed interest. It’s a fixed income investment scheme that you can open with any post office in India. The investment period for NSC is five years, and it offers returns at a fixed interest rate, compounded annually but payable at maturity. Like PPF, NSC investments are also subject to certain conditions for NRIs.
Senior Citizens’ Savings Scheme (SCSS)
For the senior segment of the diaspora, the SCSS offers a reliable and secure investment option. Available to individuals above the age of 60, this scheme offers attractive interest rates and is backed by the government, ensuring safety and consistency in returns. The scheme has a tenure of five years, extendable by three more years, providing a regular income stream with quarterly interest payouts.
Pradhan Mantri Vaya Vandana Yojana (PMVVY)
The PMVVY is a pension scheme available to seniors aged 60 years and older. It offers a guaranteed payout at a fixed rate for ten years, providing a stable income source for the elderly. The scheme is operated by the Life Insurance Corporation of India (LIC), ensuring a high degree of reliability and trustworthiness.
Real Estate
Investing in real estate in India has traditionally been a favored option for the diaspora, given the potential for capital appreciation and rental income. While not “guaranteed” in the strict sense, the real estate market in India has shown resilience and long-term growth, offering substantial returns for those willing to navigate its complexities.
Sovereign Gold Bonds (SGBs)
For those looking to diversify their portfolio, SGBs offer an alternative to physical gold. Issued by the Government of India, these bonds are denominated in grams of gold, offering a fixed interest rate in addition to the potential capital appreciation of the market value of gold.
Insurance Products
Endowment policies and annuity plans offered by reputable Indian insurers like LIC provide options for those seeking guaranteed returns along with life coverage. These insurance products are designed to offer lump sum or annuity payouts at the end of the policy term, catering to long-term financial planning and retirement needs.
Conclusion
The Indian financial landscape offers a myriad of investment opportunities for the diaspora, catering to different needs, risk appetites, and financial goals. Guaranteed return investments in India not only promise security and peace of mind but also provide the emotional satisfaction of contributing to the homeland’s economy. However, potential investors should conduct thorough research and possibly consult financial advisors to understand the nuances of each option, ensuring they align with their financial strategy and aspirations. As India continues to grow and evolve, its investment offerings remain a solid foundation for the diaspora to build their financial futures.
Call Shivakumar A at 9972660645 for more information.