New Delhi, June 29 -- Are you looking to invest your retirement savings? Have you made an investment plan? Do remember that even a minor 1% difference in interest rates can significantly influence your annual income or returns, especially if you are looking to invest a large chunk of your retirement corpus. This calls for a proper understanding of these basic fundamentals before investing.

These schemes, namely, Senior Citizen Savings Scheme (SCSS), Senior Citizen FD in the State Bank of India (SBI), and Reserve Bank of India (RBI) Floating Rate Savings Bond, offer predictable, low-risk, easy-to-secure returns for investors who lock their funds in.

You must also keep in mind that the maximum a senior citizen can invest in the Senior Cit...