Senior Citizen

Rising affluence, longer life expectancy and changing family structures are drawing mainstream developers to premium senior living projects in India's major urban markets

The Delhi High Court upheld a rule allowing senior citizens or parents to seek eviction of children or legal heirs from their property on grounds of non-maintenance and ill-treatment

Small finance banks offer the highest rates, while select lenders provide extra interest for super senior citizens aged 80 or more

The platform will develop ownership- and rental-led senior living communities across six cities, aiming to turn the underserved segment into a mainstream asset class

Opting for a deductible can reduce premium costs, preserve your no-claim bonus and make health insurance more efficient for meeting large medical expenses

Growing life expectancy, changing family structures and rising incomes are driving demand for home care, assisted living and senior-focused health services

Senior citizens get a higher rate of interest on fixed deposits across public, private, and foreign banks, as well as small finance banks

As Budget 2026 approaches, senior citizens are watching closely. Rising medical costs, fixed incomes, and outdated tax limits have sharpened expectations.

Larger banks remain popular for institutional stability, according to data

ICICI Bank has increased senior citizen retail deposit rates to 7.2% for deposits below Rs 3 crore, even as policy rates soften and loan growth outpaces deposit mobilisation across the banking sector

Serene Communities by Columbia Pacific has partnered with Asset Homes to invest Rs 500 crore in four senior-living projects across Kerala

Three in four premiums are funded by children or family members of senior citizens: Policybazaar

Senior citizens can secure higher returns this July with fixed deposit rates as high as 8.80% from small finance banks

Those who sold land or building must observe the recent changes to indexation benefits for calculating capital gains tax

After the two-year mark, the penalty for early withdrawal remains at 1%.

The Indian Railways has earned an additional revenue of approximately Rs 8,913 crore in five years by withdrawing concessions for senior citizens, according to replies from the Centre for Railway Information Systems on a Right to Information Act applications. CRIS functions under the Railway Ministry and develops as well as maintains ticketing and passengers data besides offering various other services. The question of restoring concessions on train tickets for senior citizens was raised in the parliament by members on several occasions, however, Railway Minister Ashwini Vaishnaw has said that the Railways already pays 46 per cent concession on an average to every passenger. Males and transgenders over the age of 60 and females over the age of 58 used to avail 40 per cent and 50 per cent discounts respectively on train tickets for all classes before March 20, 2020, when the Railway Ministry withdrew it due to the onset of the Covid pandemic. The data of passengers as well as revenu

In a recent judgement, the Madras High Court held that fixed deposits (FDs) and jewels come under the definition of property under the Senior Citizen Act, 2007

Geri Care intends to utilise the funds to expand its services across key cities in southern India, including Bengaluru, Hyderabad, Kochi, and Coimbatore

This scheme offers an additional 65 basis points (bps) over the bank's standard fixed deposit rates and 15 basis points (bps) over the senior citizen rates

Affluent and health conscious, mature consumers are becoming selective about what they buy. Businesses are stepping up to meet their needs