#senior-citizens
Fixed Deposit interest for senior citizens: Banks offer up to 8.25% — Check SBI, HDFC Bank, Utkarsh Small Finance, ICICI
Bank FDs offer senior citizens a secure investment option for managing expenses like medical and living costs. Here is a comparison of fixed deposits from various public, private and small finance lenders…
Why Kerala has announced a new department for welfare of senior citizens
Kerala is India’s most rapidly ageing state. The growing graph of senior citizens has thrown up challenges for Kerala in the health and service sectors, mainly on shifting its focus to geriatric care. Here’s what to know.
Good news for senior citizens: Money in this bank can now only be transferred by double OTP verification one to a/c holder and another to trusted contact
Senior citizens in Gurugram and Faridabad now have enhanced security for their bank accounts. HDFC Bank has introduced a double OTP system. This initiative ensures money transfers only occur after verification from both the account holder and a trusted contac…
Bank of India raises fixed deposit rates for medium- and long-term tenures
Senior Citizens will receive an additional 0.50% p.a. over the applicable rate for deposits maturing between six months and less than three years, while Super Senior Citizens will get an extra 0.65% p.a. for the same tenure band
SCSS account rules: Who can invest, how much interest you get and what tax applies
The Senior Citizens Savings Scheme (SCSS) offers Indian retirees a secure investment with guaranteed returns. Eligible individuals can invest a minimum of ₹1,000, with a maximum limit of ₹30 lakh. The scheme provides attractive quarterly interest payouts an…
Tax-saving FDs vs regular FDs: Interest rates, lock-in and tax benefits compared
Fixed deposits (FDs) are favored for stable returns, with banks in India offering rates up to 7%. Tax-saving FDs provide deductions under Section 80C but have a 5-year lock-in. Interest rates vary, with senior citizens receiving higher rates.
Senior citizen FD interest rate hike: This NBFC is now offering up to 7.75% interest rate to senior citizens
Bajaj Finance has boosted interest rates on its 31-60 month fixed deposits to 7.40%, with senior citizens now earning up to 7.75%. These revised rates are effective May 1, 2026. The 8th Pay Commission has also released schedules for upcoming meetings in Hyder…
Income tax rules for senior citizens in FY27: What’s new and what stays the same
Senior citizens enjoy tax benefits such as higher exemption limits and deductions under the old regime. While the new regime standardizes limits, retirees can still claim deductions under various sections. Form No. 125 simplifies filing for eligible seniors, …