78 Year Old Widow with around 70-80 lakhs

Alchemist

Administrator
Staff member
#2
The tax outgo won't be much for a depositor of this age.

If safety and liquidity are considered, I think there is no better alternative than bank deposits.

The depositor can set aside some money for tax-saving deposits and invest the rest in regular deposits including "Senior Citizen Savings Scheme "

The money can be distrbuted between PSU banks and high quality private sector banks like HDFC Bank and Kotak Bank.
 
#3
What about Corporate Deposits like Bajaj Finance, Mahindra Finance, HDFC Finance etc - how safe are they?
 
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Alchemist

Administrator
Staff member
#4
What about Corporate Deposits like Bajaj Finance, Mahindra Finance, HDFC Finance etc - how safe are they?
The three that you have mentioned are quite good.

My family has invested in Mahindra Finance and HDFC deposits. If the rates offered are better than banks, there is no harm in investing a part of the corpus in these companies.
 
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