Where to Invest VRS Money Without Risk?

Many people take the VRS (Voluntary Retirement Scheme), but when you choose this scheme or another, it must be kept in mind that your age should be between 40 and 50.

Because now you do not have any other means of earning, spend your money very thoughtfully.

Don’t Do This With Your VRS Money

1) Do not invest money in risky schemes.

Investing your retirement money in risky schemes, such as equity and mutual funds, can be too risky, increasing the risk of your money sinking. Because this money will be useful for you after your retirement, you cannot waste it like this.

2) Not even in real estate

You should also not invest money in real estate, as it is for a very long period and does not give quick returns. Not only this, but money is not easily available during any kind of emergency.

3) Say no to a lavish lifestyle.

If you are an early retiree and you do not have any other source of income, then preserve the money you have. And avoid unnecessary expenses as much as possible.

4) Don’t start any business with VRS money.

Don’t invest money in any type of business because the risk is high. We are not saying that you will not get any benefit. But the risk of sinking money is high in this.

Where to spend your money

Invest where your money is safe and where you get high interest rates on depositing VRS money. Some of them are Kerala Transport Development Finance Corporation and Mahindra Finance.

It will give you interest rates up to 9-10%.

These will give you safer and higher interest rates than banks, and others will only give you post office monthly income plans. You can also deposit your VRS money in a bank, which is quite safe.

Conclusion: Always remember that the money you get from VRS should be kept safe for yourself and should not be invested elsewhere.

If you have to invest, then you can do it even at the beginning of your career. Keep the VRS money well protected for yourself so that it can be useful to you as long as you are alive.