In a month’s time, I will retire. On retirement, I will get Rs. 18 lakhs and Rs. 10,000 monthly pension. I would like to invest this amount in such a way that I can get good monthly income without having to deal with risk. Please advice
Since you are not inclined to take risk and taking a risk is not recommendable to you at this age. I will suggest you to put some funds in MIS scheme of post office and remaining in bank fixed deposit. You have to evaluate the pros and cons of lock-in period on your own.