Tax Benefits for Senior Citizens: Retirement brings both benefits and challenges. If you spend your retirement benefits extravagantly, you may face difficulties in the future. To live comfortably after retirement, it is important to save and invest wisely. Effective financial planning is essential for a worry-free and stress-free retirement. A key factor in financial planning … Read more
Post offices offer several popular schemes, including significant benefits for senior citizens. One such scheme allows you to receive a monthly income of 20,000 rupees or more. This guaranteed fixed income is substantial for retirees to cover their basic expenses. The scheme, known as the Senior Citizen Savings Scheme, is available specifically for individuals over … Read more
Fixed deposits (FDs) are a safe investment option, especially now. Many senior citizens are interested in them, but knowing which bank offers the highest interest rates is essential. Let’s explore which banks currently provide the best interest rates for a 3-year fixed deposit. While other investment avenues like shares and mutual funds can grow your … Read more
The Center recently announced good news for senior citizens. Under the Ayushman Bharat scheme, free health insurance coverage of up to Rs. 5 lakh will be provided. Registering for this program is straightforward, ensuring ease for all seniors. The government offers this free coverage to seniors 70 years of age and older, regardless of their … Read more
On World Senior Citizens Day, let’s explore some investment options that offer financial security to senior citizens. These investment schemes can provide a steady income during retirement, ensuring a smooth financial life for seniors. If you have senior citizens, consider investing in one of these four schemes in their name. Senior Citizen Bank Deposits: Most … Read more
The Union Government, led by Prime Minister Narendra Modi, has expanded the scope of the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana to include senior citizens. Under this scheme, senior citizens over 70 can obtain an Ayushman card irrespective of their income group. With the Ayushman card, senior citizens can rest assured that they can … Read more
Great news for those interested in making bank deposits! Here are the top 7 banks offering the highest interest rates. A three-year term deposit scheme offering an impressive 9.5% interest rate is available to senior citizens. Let’s take a look at the list of these banks. Many retired individuals keep some of their savings in … Read more
A message circulating on social media claims that as India commemorates 75 years of its Independence, senior citizens above 75 years of age will no longer have to pay taxes. The Income Tax Department has clarified that the above news circulating on social media is entirely false. Therefore, it has advised everyone not to believe … Read more