Can an unemployed housewife living alone in India with no support,?
there was a product called "reverse morgage" launched by the indian banks about 8-10 years back, this product was exactly for people who dont have income but own a property. they will get a fixed money every month as a loan and the loan will be repaid later through sale of property or repaying by legal heirs of such person. The idea of taking a loan and investing in FD is not good as rate of interest on loan would be much higher tha interest income on FD.