Mon, Nov 25, 2024
The central government told the lower house of Parliament on Monday that no proposal on income tax relief to senior citizens is under consideration.
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Wed, Oct 23, 2024
Senior citizens need a regular income option post retirement. So, a lot of them invest their money in fixed deposit (FD) schemes. Banks such as State Bank of India (SBI, HDFC Bank, and ICICI Bank offer 1-year fixed deposit schemes to senior citizens.
Mon, Oct 21, 2024
SBI Senior Citizen FD Updated Interest Rates: State Bank of India (SBI) offers its highest interest rate to senior citizens in its 444-day Amrit Vrishti special FD at 7.75 per cent. Senior citizens get the interest rate of 7.30 per cent in 1-year FD, 7.25 per cent in 3-year FD, and 7.50 per cent in the 5-year FD.
Tue, Jul 30, 2024
Senior citizens benefit from slightly higher interest rates through Senior Citizen Fixed Deposit schemes. However, the interest rates for senior citizens can vary based on several factors, with the tenure being one of the most important considerations.
Sun, Sep 10, 2023
Senior citizens and retirees value financial security and consistent sources of income. For them, investments that provide risk-free returns and tax deductions are perfect for retirement planning. In this video we talk about popular tax-saving investment options that can be beneficial for senior citizens.
Sat, Aug 12, 2023
Health insurance premiums are normally higher for senior citizens. Another thing to consider is deductibles or money paid by the policyholder before the insurer provides the money.
Sat, Jul 08, 2023
As social connection and engagement are key needs for the elderly, SilverWings has built the social aspect of the community around the 4E's - express, engage, explore, and enjoy.
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.
Wed, Apr 12, 2023
Whether you are a young professional woman, a working mother, a single mother or a senior citizen woman. Today on money guru know how woman can manage her finances at different stages of life?
Tue, Nov 29, 2022
Accordingly, the city-headquartered firm, a wholly owned subsidiary of Sundaram Finance Ltd, would revise the rates by 50 basis points across trusts, individuals 7.15 per cent as against 6.65 per cent, senior citizens 7.50 per cent as against 7 per cent, on deposits for 12 months.
Sun, Nov 13, 2022
For senior citizens, the rate on deposits of one year would be 7.50 per cent as against 7 per cent; and for deposits up to 24 months, the rate would be 7.50 per cent against 7.35 per cent.
Fri, Jul 22, 2022
The due date for filing Income Tax Return without a late fee is July 31.
Tue, Jun 28, 2022
As per an official statement, customers can now avail 7% interest p.a. on FDs for 888 days, which brings the annual yield to 7.19%.
Sat, Jan 29, 2022
#AskYourFinanceMinister: Finance Minister Nirmala Sitharaman is all set to present the Union Budget 2022 in Parliament on February 1, 2022. Budget announcements affect every possible sector in India including senior citizens. We spoke to some senior citizens to know their perspective on Budget 2022.
Sun, Jan 16, 2022
Senior Citizen Savings Scheme: Savings and investment are considered the safest through post offices, so people invest through it. Many of its policies are synonymous with benefits, one of which is excellent for the elderly.
Fri, Dec 17, 2021
In the income tax return (ITR) forms, incomes to be declared are broadly categorized under 6 heads...salary, business, house property, capital gains or losses and income from other sources (IFOS). Watch the full video to know why these incomes are important and how you can manage these while filing your Income Tax Return.
Mon, Oct 11, 2021
The Punjab National Bank (PNB) is providing an opportunity of investing in the Pranam Fixed Deposit Scheme for senior citizens attaining 60 years of age.
Sun, Apr 04, 2021
The Financial Year 2021-22 is here. A number of financial rules have already been changed.
Mon, Feb 01, 2021
Income Tax slab is the most sought after aspect of any year's Budget speech.
Wed, Dec 23, 2020
Here we compare three different banks - HDFC Bank vs ICICI Bank vs Bank of Baroda - in terms of interest rates on Senior Citizens FD Schemes:-
Mon, Jul 06, 2020
Everyone wants to lead a peaceful post-retirement life but this only possible the when the financial position is sound. How to get there?
Wed, May 27, 2020
Protecting income of Senior Citizens by providing additional interest on their Term Deposits.
Mon, May 25, 2020
Pradhan Mantri Vaya Vandana Yojana has been launched with modified rate of pension for citizens aged 60 years and above.
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