If you want to live happily after retirement, then 5 investment plans are very useful, you will get pension every month.

Retirement Planning: Most of the people save and invest to secure their present and children's future, but they do not plan or accumulate capital for post-retirement life or forget about it. Due to which people living with self-respect have to take help from others and work in old age. To prevent this from happening to you, you can strengthen your financial position by planning for retirement now and investing some part of your savings. Here we are going to tell you about five retirement schemes, in which you can get pension every month after retirement.

1. Senior Citizens Savings Scheme Account (SCSS)

In this scheme of post office, 8.20 percent annual interest is available. Minimum investment limit Rs. 1000 and maximum Rs. Is up to 30 lakhs. By depositing this amount in one go, you can earn interest on monthly basis for a period of five years. Under Section 80C of the Income Tax Act, exemption of up to Rs 1.5 lakh is available on the deposited amount.

2. Atal Pension Yojana

This scheme is specially designed for senior citizens. In which, on the basis of investment, after the age of 60 years, Rs. 1000 to Rs. 5000 monthly pension is available. People between 18 to 40 years of age can avail the benefit of this scheme.

3. Post Office Monthly Income Scheme

By investing together in this scheme, you can get monthly pension for five years. The deposit amount is returned after five years. This scheme gives 7.4 percent interest annually. In which maximum Rs. An income of Rs 9250 can be obtained.

4. Systematic Withdrawal Plan (SWP) in mutual funds.

Mutual funds also provide the facility to withdraw a fixed amount every month under the Systematic Withdrawal Plan. In which you can invest a lump sum in mutual funds and withdraw a fixed amount from your fund on a fixed date of the month. However, your capital fluctuates depending on market conditions.

5. Fixed deposit

Post offices and banks provide fixed deposit facilities for different periods. You get interest on the amount deposited in FD on monthly, quarterly, yearly, half-yearly basis. Senior citizens get 0.25 percent more interest than ordinary citizens.