Senior Citizen

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.

DGCA fines Air India Rs 30 lakh over failure to provide wheelchair

The 80-year-old passenger died of heart attack after he walked from plane to the terminal in Mumbai airport

World Senior Citizens Day 2023: History, Importance, Motive and Wishes

World Senior Citizens Day is commemorated on August 21 to respect the contributions of older people, honour them, and address the challenges they face in the society

Ashiana Housing to invest Rs 275 cr to develop project for senior citizens

Realty firm Ashiana Housing will invest Rs 275 crore to develop a housing project in Pune for senior citizens. The Delhi-based company said in a statement that it has launched a joint venture project, Ashiana Amodh Senior Living at Talegaon in Pune. The project, spread over 11.93 acres, will be developed in four phases and will entail an investment of Rs 275 crore, it added. The project will be funded through internal accruals and construction finance. Ashiana Housing said the delivery of the first phase is scheduled for October 2026. The company is targeting customers aged 55 and above. In the first phase, 220 units will be developed and sold in a price range of Rs 57 lakh to to Rs 1.27 crore. The development of the first phase includes the land cost of Rs 25.11 crore, construction cost of Rs 52.38 crore, and other expenditures of Rs 16.36 crore. The total investment in the project would be Rs 275 crore, the company said. "Recognizing the shifting societal norms, the acceptan

Xiaomi launches at-home phone setup service support for senior citizens

This benefit is exclusively available to senior citizens who reside within 20 kms of their nearest service centre. The free service for senior citizens is for 30 days as an introductory offer

Higher investment limit in saving schemes to help sr citizens, middle class

The decision to raise the investment ceilings in small savings schemes is aimed at benefiting senior citizens and the middle class who park funds in safe government deposit schemes offering higher returns than banks, Finance Secretary TV Somanathan has said. The Budget 2023-24 raised the maximum deposit limit for Senior Citizen Savings Scheme from Rs 15 lakh to Rs 30 lakh. Also, the maximum deposit limit for Monthly Income Account Scheme will be enhanced from Rs 4.5 lakh to Rs 9 lakh for a single account and from Rs 9 lakh to Rs 15 lakh for a joint account. In a post-budget interview with PTI, Somanathan said the ceilings under the Senior Citizen Savings Scheme have been unchanged for quite some time, and the decision to raise the ceiling is primarily a measure for the welfare of the middle class and senior citizens. "There was a feeling that people in advanced age need safe investment options, and the incomes have increased in the period between the last revision and now. So, this

Union Budget 2023: SCSS, MIP investment limit doubled, new scheme for women

Mahila Samman Saving Certificate to be available for two years till March 2025, offers 7.5% return, with provision for partial withdrawal

7.4% interest rate locked in for 10 years: Who should buy LIC's PMVVY

SCSS, which offers 80C benefit, allows you to lock in at 7.6% for five years

Madhya Pradesh pilgrimage scheme for senior citizens back after long gap

Madhya Pradesh is relaunching the pilgrimage scheme for senior citizens, with a special train leaving for Varanasi on Tuesday.

Senior citizens loses over Rs 11 lakh to cyber fraudsters in Mumbai

A senior citizen was allegedly duped of over Rs 11 lakh by cyber fraudsters when she tried to recover the money she had lost while ordering pizza and dry fruits online, police said on Saturday.

60% seniors want to work post-retirement, spend on leisure travel: Survey

Around 64 per cent of seniors, aged 50 and above, want to continue working post-retirement for financial independence, mental peace, and to maintain a healthy lifestyle, according to a survey.

Happy & happening: Seenagers rock!

They have everything they wanted as a teenager - only they seem to have got it all 50 years later

Senior citizens to be taken care of at home, govt working on scheme

A 2007 law has the provision for taking care of all senior citizens. However, the government is working on a new law to ensure those living alone are taken care of in a better way.

Letters to BS: Incentivising savings could be a win-win for govt

An increase in the Public Provident Fund limit by Rs 1 lakh to Rs 2.5 lakh for individual households under 80C will lead to additional savings of more than Rs 2 trillion