Senior Citizen

Senior citizen fixed deposit rates rise to 8.1%: Check banks' offers

Larger banks remain popular for institutional stability, according to data

Private lender ICICI Bank raises senior citizen deposit rates to 7.2%

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, Asset Homes to build 4 senior-living projects in Kerala

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

Senior citizens double down on super top-ups, drive 61% rise in portability

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

Up to 8.80% FD rates for senior citizens in July: Top picks

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

Filing ITR 2025? Key tax breaks senior citizens must not overlook

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

Explained: Can you break your SCSS deposit early, and what would it cost?

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

Railways gained ₹8,913 cr in 5 years after ending seniors' concession: RTI

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

Madras HC: FDs, jewellery qualify as property under Senior Citizens Act

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

InvAscent invests Rs 110 cr in integrated geriatric care provider Geri Care

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

IDBI Bank unveils Chiranjeevi Super Senior Citizen FD, offers 8.5% interest

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

Silver lining: FMCG firms roll out tailored offerings for golden years

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

Ahead of Delhi polls, Kejriwal announces free treatment for senior citizens

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

GenWise launches UPI payments for senior citizens with secure interface

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

Ayushman Bharat expansion to benefit elderly; experts raise key concerns

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

Your granpa and ma, parents may be at risk of fraud. Here's how to help

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

Senior Citizen FDs in July: Banks offering 8-9% interest rates for 3-5 yrs

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

Budget 2024: Will the govt bring back fare concessions for senior citizens?

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

Indian senior living market has potential to touch $12 bn by 2030: Report

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

FD or SCSS? Best low-risk investment options for senior citizens

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.