Need A Financial Product › Forums › Trading/Investments › Where to invest my father’s money for getting monthly income › Where-to-invest-my-fathers-money-for-getting-monthly-income_REPLY
You can ask him to deposit Rs. 10 lakhs in FD with monthly payout option. Interest rate for senior citizen is 9.5%. 3 lakhs in cumulative FD for long period of time. Rs. 2 lakhs in savings account. This will be his emergency fund.