Wed, Aug 21, 2024
5 pension schemes on Senior Citizen’s Day 2024 that ensure financial security in retirement, including NPS, APY, EPS, and more, to help you enjoy a comfortable lifestyle.
More >
Thu, Aug 08, 2024
Credit Cards For Senior Citizens: In today's world, credit cards are very useful. They not only provide a means to fulfill needs during difficult times through loans but also offer many discounts and special offers.
Wed, Jul 31, 2024
Check highest interest rates and tenures for major banks, emphasising the safety and guaranteed returns of FDs for general and senior citizens.
Tue, Jul 09, 2024
State Bank of India (SBI) - the country's largest lender - offers a range of maturity options for retail domestic term deposits - or fixed deposits - below Rs 3 crore, starting at seven days going all the way to as long as 10 years. With effect from June 15, the PSU bank offers interest rates to the tune of 3.5-7.5 per cent per annum to its customers on these term deposits, according to its website, sbi.co.in. Do you know which FD yields the maximum return to the general public? SBI offers an interest rate of 7.0 per cent to the general public in fixed deposits of at least two years but less than three years, and 7.5 per cent to senior citizen customers on the same term. Read on to know all about SBI's latest fixed deposit interest rates.
Mon, Jun 10, 2024
Seniors have the flexibility to withdraw interest at their convenience, be it monthly, quarterly, half-yearly, or annually, providing a reliable source of income to cover expenses and attain financial independence in their later years. Major banks in India actively promote FD investments among seniors, offering them preferential interest rates compared to the general populace. Institutions such as the State Bank of India (SBI), Punjab National Bank (PNB), Canara Bank, HDFC Bank, and ICICI Bank are among those extending higher interest rates to senior citizens.
Sat, Sep 09, 2023
There are some initiatives that provide funds in a lump sum, however, opting for the schemes that offer funds periodically is way better as it ensures a consistent source of income.
Tue, Sep 05, 2023
SCSS offers a higher rate of interest of 8.2 per cent and the investment is eligible for deductions under Section 80C. On the other hand, all term deposits are not eligible for tax benefits and give lower return on investment.
The Senior Citizen Savings Scheme is a government-backed savings instrument. The investment option is eligible for tax deductions up to Rs 1.5 lakh under section 80C of the Income Tax Act, 1961.
Tue, Aug 29, 2023
As per the Income Tax Act 1961, pension is also considered as a source of income and thus becomes taxable as per the taxpayer’s respective tax slabs.
Tue, Jul 25, 2023
Special Senior Citizen Account offers several enticing features. Notable among these are the doorstep banking facility for senior citizens above 70 years, a free rewards international debit card, and preferential rates on fixed deposits.
Sun, Jun 18, 2023
The Income Tax Act has provisions of incentives for resident senior citizens and super senior citizens. Their tax liabilities also differ as they see added exemptions and lower tax slabs. Apart from this, some senior citizens are also exempt from filing their annual income tax returns. We discuss this and the income tax slabs for senior and super senior citizens and much more in this video.
Tue, Jan 31, 2023
FD interest rate: Currently, Axis Bank, PNB, IDFC First Bank and DCB Bank are among the few banks that offer over 8% interest to senior citizens.
Thu, Oct 27, 2022
HDFC Bank FD Interest Rates 2022: The hiked FD interest rates are applicable for deposit amounts less than Rs 2 crore. The bank has hiked FD interest rates by up to 50 basis points (bps).
Sun, Aug 21, 2022
While the world has looked to the seniors for their wisdom and knowledge, there is also a need to acknowledge their issues and problems.
Thu, Jul 28, 2022
Sources said that tweaking the age criteria for the senior citizen concession will limit the national transporter’s liability.
Thu, Jan 06, 2022
Here's the step-by-step guide on how senior citizens can register for precautionary and booster doses.
Mon, Feb 01, 2021
Presenting the Union Budget for FY21-22, Finance Minister Nirmala Sitharaman today proposed no filing of Income Tax Return (ITR) by senior citizens who are above 75 years of age and have an only pension and interest income.
Thu, Mar 12, 2020
Senior Citizen Savings Schemes: It's okay if you are not working after retirement but it's not all right if your money is not working. Keep your money at work when you are not working.
Tue, Feb 04, 2020
Retirement Planning: As the Indian youth today do not value saving for retirement, social security post-retirement is a major concern in India.
Fri, Jan 24, 2020
Budget 2020: Senior citizens are expecting from Nirmala Sitharaman to announce a full tax rebate on Senior Citizen Saving Scheme.
Wed, Dec 04, 2019
Senior Citizen Health Insurance: Elderly people pay around Rs 20,000 to Rs 30,000 a year in health insurance premiums, depending on the health of the insured and policy benefits.
Wed, Aug 21, 2019
World Senior Citizen Day 2019: There is a need for initiating dedicated fund for 60+ population that provides exclusive safety and financial security.
Tue, Jun 18, 2019
To avail this discount, senior citizens need to prove that he/she is a senior citizen through a valid ID proof, while going on a journey through Indian Railways.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
