Senior Citizens News

Senior Citizen Savings Scheme (SCSS) is a popular government-backed small savings scheme especially curated for the golden years of senior citizens. An individual over the age of 60 can establish a SCSS account by depositing a minimum of Rs. 1000 and ...

Fixed deposits have emerged one of the safest investment options and they come with host of benefits that may include better interest rate, flexibility, tax exemptions, and guaranteed returns among others. Many banks have been increasing interest rate on fixed deposits ...

5 small finance banks are offering highly competitive interest rates to senior citizens and regular citizens on the fixed deposits after Reserve Bank of India increased the repo rate by 25 basis points to 6.50% earlier this year on February 8, ...

Leading private sector lender, IndusInd Bank hiked interest rate on fixed deposits amounting less than Rs 2 crore. The new rates have already become effective beginning from January 19, 2023. After the hike, senior citizens will get maximum interest rate ...

RBL Bank, a private sector bank, has recently announced an increase in the interest rate on fixed deposits (FD) under 2 crore. According to the bank's official website, the new FD rates are effective from January 11, 2023. Post-hike in FD ...

2 banks have hiked interest rates on their fixed deposits (FDs) for senior citizens. These two banks are Jana Small Finance Bank and Unity Bank. Jana Small Finance Bank is offering 8.50% interest rate on FDs to senior citizens after interest ...

Senior citizens and a very senior citizen are granted a higher exemption limit as compared to normal tax payers. Exemption limit is the quantum of income up to which a person is not liable to pay tax, according to the official ...