Bangalore: Everybody wants to live a life of comfort, after years of hardwork. With the ever increasing cost of living and economic uncertainties, a soothing life is possible only if one has steady income. Most of the people have resorted to investing in property and other real estate things as a means of continuous income after retirement. Although rent can be a good passive income in the later years of life, not everybody can afford it. Few better income sources are debt investments and fixed income instruments, reports Rediff.com.

 Read on to know the regular income sources that could bring you a sense of relief at this economically unstable hour.

Financial Instruments

Financial instruments may not be opted during working years since people prefer capital growth more than liquidity, but these are reliable sources of passive income.

1. Bank Fixed Deposits

These are low risk and highly flexible instruments in terms of tenure. One could pay the interest according to one’s comfort either monthly or quarterly instead of opting for a cumulative deposit.  However, only fixed deposits (FDs) that come with the tenure of 5 years lend tax benefits. It’s better to rely on public or private sector banks as they are more reliable than corporate banks.

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