विशेषज्ञ की सलाह चाहिए?हमारे गुरु मदद कर सकते हैं

Ans: It is really nice to see that even at the age of 85, you are taking a careful approach towards your savings. At this stage of life, the first priority should be safety of capital, regular income and easy access to money whenever required.

» Is It Safe to Invest Rs.25 Lakh in One Bank?

As a Certified Financial Planner, I would suggest avoiding putting the entire Rs.25 lakh in a single bank.
Even if a bank offers an attractive interest rate, concentration risk should be avoided.
Diversifying your deposits across more than one bank reduces risk and provides better liquidity.

Safety should always come before chasing a slightly higher interest rate.

» How to Invest

Keep a part of the money in a short-term FD for emergency needs.
Invest another part in medium-term FDs to lock in the current interest rate.
Choose monthly or quarterly interest payout if you need regular income for your expenses.
Ensure that all deposits are held either individually or with a suitable nominee so that the family can access them easily if required.

» Maintain Liquidity

Keep some money in your savings account for day-to-day expenses.
Avoid locking the entire amount for a long tenure.
At your age, easy access to funds is more important than earning a slightly higher return.

» Nomination and Documentation

Verify that every bank account and FD has a proper nominee.
Keep a file containing FD receipts, bank details, PAN, Aadhaar and contact details of family members.
Inform your children or trusted family members about these investments.

This simple step can avoid many difficulties later.

» Health and Emergency Planning

Keep a separate emergency fund for medical expenses.
Review whether you have adequate health insurance or sufficient liquid savings for healthcare needs.
Avoid investing in products that have lock-in periods or complicated withdrawal rules.

» Finally

Investing Rs.25 lakh in fixed deposits is a conservative and suitable approach at the age of 85.
However, avoid investing the entire amount in a single bank.
Spread the deposits across multiple banks, maintain adequate liquidity, opt for regular interest payouts if needed and keep all nominations and documents updated.
At this stage, peace of mind and capital protection are much more valuable than trying to earn a little extra return.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

https://www.linkedin.com/in/ramalingamcfp/