Rs 69,150 monthly income with govt guarantee: How senior citizens can invest to build their own pension

The scope for higher regular income has increased substantially after the Budget 2023 proposal to enhance the investment limit for Senior Citizens' Saving Scheme (SCSS) from Rs 15 lakh to Rs 30 lakh and for Post Office Monthly Income Scheme (MIS) from Rs 4.5 to Rs 9 lakh. In combination with other government schemes, these can help you to generate a regular monthly income of Rs 69,150.

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