Senior Citizen

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

Ahead of the 2025 Delhi elections, Arvind Kejriwal announces free treatment for those aged 60 years and above under the Sanjeevani Yojana if AAP retains power

This is the industry's first-ever introduction of UPI for elders, offering a simple user interface, enhanced security, and cyber fraud awareness

The scheme provides a cashless and paperless benefit cover of Rs 5 lakh per annum per family on a floater basis in empanelled hospitals across India

When older individuals fall victim to financial scams, the impact can be severe

Senior Citizen Fixed Deposits provide a safe investment option with guaranteed returns over a fixed period of time

Union Budget 2024: According to RTI disclosures, Indian Railways earned around Rs 2,242 crore from about 150 million senior citizens during the financial year 2022-23

Rise in median age and ageing population to fuel increase in demand for senior housing

Some of the popular investment options are fixed deposits and recurring deposits. These are one of the most common types of investment for retired individuals.