Today, because of awareness of fitness and nutritious food, life expectancy has increased but the retirement age is the same as earlier,requiring proper management of finances for senior citizens to survive. Many senior citizens preferred to invest in land, gold or fixed deposits in banks. This research paper will focus on senior citizens' investment and savings patterns in Metro cities like Mumbai and Mumbai Suburbs. When and what kind of steps should be taken to developtheattitude among these people to invest in mutual funds and equity. The output of this research is,that even Senior citizens prefer to invest in Post office schemes, fixed deposits of banks only. Real estate investments are considered more lucrative than stock because value appreciation is much more. However, investing in mutual funds is more profitable when comparing with land investment. Sampling is done to collect this data from 110 Senior citizens.