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Choosing the right investment option for senior citizens is crucial, especially when regular income and capital protection are the main priorities. For those wondering which investment is better for senior citizens, fixed deposits remain a popular and trusted choice, offering safety and predictable returns. However, with changing interest rates, many people start exploring what could be the best alternative to fixed deposits. Options like the Senior Citizen Saving Scheme (SCSS), Post Office Monthly Income Schemes, and certain low-risk mutual funds provide better flexibility and slightly higher returns.

At the age of 70, investing wisely becomes even more important. Safe avenues such as fixed deposits, SCSS, government bonds, and senior citizen-specific mutual funds can be ideal for maintaining steady income and liquidity. For those asking which investment has low risk and high return, conservative hybrid mutual funds and government-backed schemes like the Post Office Monthly Income Scheme strike a good balance between safety and growth.

Planning the best investment options for senior citizens requires expert guidance to avoid risks and optimize returns. To secure your financial future with smart, low-risk investments, it’s highly recommended to consult Optifin Advisors today and start building a worry-free retirement plan!