RBI stops 7.75% bond: Here're some fixed-income options for senior citizens

The Reserve Bank of India (RBI) announced recently that the 7.75 per cent Savings (Taxable) Bonds, 2018 would not be available for investment from May 29, 2020. At a time when the yield on the 10-year government bond has fallen to around 5.78 per cent, paying such a high rate of return on this instrument had become unviable. These bonds were an excellent investment avenue both for regular investors and senior citizens, as they combined high returns with high safety. Should senior citizens stick only to fixed deposits (FDs) now? “No,” says Tarun Birani, founder and CEO, TBNG C.....

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