New Delhi, Sept. 7 -- Are you an investor with Rs.30 lakh to deploy? Are you looking to invest in various fixed-income instruments and small savings schemes to generate meaningful returns?

For investors with this amount, the choice among a bank fixed deposit (FD), the Senior Citizen Savings Scheme (SCSS), and the Post Office Monthly Income Scheme (MIS) depends entirely on factors such as interest rates, eligibility criteria, deposit limits, lock-in periods, payout frequency, and similar considerations.

It is vital to note that as of today, the SCSS scheme offers an interest rate of 8.2% per annum, whereas Post Office MIS offers 7.4%. However, the SCSS scheme is specifically designed for senior citizens.

Furthermore, these schemes cater...