Hi,
I am asking this question on behalf of a relative (my aunt), her husband recently expired. She is going to get approx. 25 lakhs from his insurance and various investments and wishes to invest it properly in virtually risk free propositions such that she can get a monthly return(income in a way). We are currently thinking along the lines of FDs or Post Office schemes from where she can get monthly income to manage her household. Can anyone suggest some options along the line where she can get a constant monthly income on her investment ??
Also what about the taxes that she will have to pay on the interest accrued via TDS, will the normal tax exemptions apply or are there any special terms for widows ?? I am just looking for info….i am searching online for all this but since this is the place i turn to for all financial info….i thought i would ask you all. Thanks in advance….