Rs 20 Lakh Retirement Corpus: SCSS, Post Office MIS or Time Deposit — Where Can Seniors Get Higher Income?

A Rs 20 lakh retirement corpus can be used to generate relatively predictable income through government-backed savings options. SCSS, MIS and Post Office Time Deposit differ in interest rates, payout frequency and investment limits. Here is how each option works and what a Rs 20 lakh corpus could generate under the rates discussed.