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5 Ways To Make Money After Retirement In India

  • Highlights

  • Retirement planning should ensure safety of capital and liquidity

  • Investment asset allocation should be based on your risk appetite

  • Know about part-time career options post retirement

  • Invest in FD for stable monthly returns

What To Do After Retirement In India?

After leaving all the heavy-lifting behind, retirement is the time to ensure that all the money you’ve saved up, lasts long enough. Hence when you retire, finances take precedence over other matters. If you’re looking to boost your savings, investment planning is a prerequisite. Retirement is a time to reap the returns of your investments and also re-invest the new income to keep a sustainable source of money to support your long life. Retirement planning should be consistent with safety of capital and flexibility to withdraw money in case of emergencies. At the same time there should be sufficient investments to cater to your hobbies and leisure expenditure as well. You should plan your investment asset allocation based on your ability to take risks. If you have sufficient sources of income then you should look at an aggressive investment profile otherwise its best to start with a conservative approach.

Bajaj Finserv Fixed Deposit


There are different strategic asset allocation practices for the conservative and aggressive investors. Here’s a look at the asset allocation practices in both cases:

Basics of Strategic Asset Allocation

Most individuals prefer a conservative approach at this stage of life, but it can vary from person to person. You can explore the best investment avenues to see which ones you can tap, to boost your income.

From investing your EPF. to considering a part-time career, there are many options that you can use to your advantage.

5 Best Ideas to Make Money After Retirement in India

Take a look at 5 ways that will help you make money after retirement:

1. Invest in instruments that offer monthly returns:

Invest in high-yielding investment options to put your savings to good use and to maintain your quality of life, post retirement.

Investing in fixed deposits is a great option, because of the following advantages:

  • 1) Get stable returns with Fixed Deposits

  • 2) Greater stability without impact of market fluctuations

  • 3) Facilities of loan against fixed deposits, offered by certain financiers

  • 4) Greater liquidity, and an option to choose between cumulative and non-cumulative returns

  • 5) High safety ratings and stability

Some fixed deposit providers also provide you with benefits of higher interest rates for senior citizens, easy online application, and flexible tenor.

Ensure to utilize the following features from Bajaj Finance FD to be a smart planner for future investments –

  • 1) Online FD calculator – You can easily check out various combinations of tenor and capital to see the best returns for you. If there is no need for immediate cash go for the maximum tenor at the highest possible capital to avail best returns.You can use FD Calculator to calculate returns

  • 2) Online Investment – It’s easy to just fill out a form for enquiry and receive a call for investment.

  • 3) Auto-Renew – Remove the hassle of remembering and tracking the renewal of FDs if you don’t need them. Select the auto-renew option to avoid an idle cash lying in your account.

  • 4) Periodic Interest Payouts- You can choose frequency of interest payouts depending upon your requirement.

To save TDS on FD income, you can break up your fixed deposits between different banks as well as between your spouse and yourself to ensure the interest earned on FDs does not cross the TDS tax-free limit of Rs 50,000 each financial year. Company FDs offer a TDS exemption of maximum Rs 5,000.

Additional Read: How Can Senior Citizens Benefit From Bajaj Finance FDs?

2. Lease your real estate:

Having your own property, whether residential or commercial, can help you raise more money, by leasing. In addition to ensuring profitability, real estate investments give you full freedom in terms of the investment tenor.

To make most of your real estate investment, you must ensure that it’s located in an area that has potential for greater growth. Put your property on rent for 10 years or sell it in 5 years, if you feel the market conditions are right.

With complete control over your investment, you can make the most of it, whether it is through monthly returns, or a lump sum amount via sale of the property. It also serves as collateral, in case you want to avail a loan or any other form of secured debt.

  • Ways to multiply your rental income
    To ensure a steady re-investment of rental income, you can create multiple FDs at periodic intervals. This strategy is known as Laddering and it will ensure you keep getting a matured FD at fixed intervals.
    You can also utilize the multi-deposit facility with Bajaj Finance FD which allows you to break a single amount into multiple FDs with various tenors of your choice.

Retirement Plan by Bajaj Finserv

3. Become a tutor:

If you have specialized skill in your profession, you can start tutoring students. For example, if you are a retired CA, you can tutor aspiring chartered accountants. Alternatively, you can also sign up as a guest lecturer. This will allow you to work on your terms and earn money at the same time.

4. Identify opportunities in blogging:

Blogging is a new-age profession that can provide rewarding results. If you have a flair for writing, start a blog that is related to your profession or passion. For example, if you’ve formerly worked as a doctor, you could start a healthcare blog providing information about various modern medical techniques along with suggestions on how individuals can stay physically fit and live a healthy life.

Once you start a blog you can earn money from sponsors who are willing to advertise on your site, ambassadorships, sponsored content, donations and much more. You can even make money by selling your blog if it appreciates in value over time.

5. Become a consultant:

You are sure to have garnered a wealth of knowledge over the course of your career. So, why let your experience go waste? You can always start a consultancy firm, or sign up as a consultant to provide expert advice.

For example, if you have experience in human relations, you can join a firm as a consultant and charge your clients a fee for your advice, inputs and the work that you do. This will allow you to still earn an income in the profession of your choice, without taking on the stress that is associated with a full-time job.

Freelance income in a second career can be converted into a steady income by investing a lumpsum amount initially in high-yielding company FD like Bajaj Finance FD and then going for the non-cumulative option to receive a fixed payout each month. This will help create a steady stream of income and you can also ladder new FDs to finance future flows as and when a lumpsum keeps getting collected.

These five options are sure to give you an overview of the various opportunities and tools that you can take advantage of to grow your wealth over time.

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