Senior Citizens

What are the best FD rates available for senior citizens from lenders?

Senior citizens typically get a marginally higher rate of interest for fixed deposits, which are a low-risk, but lower-return, investment vehicle

More senior citizens opt to port health insurance policies: Experts

Innovation, digital ease driving the shift, say insurers

Secure and cared for: The rise of senior living communities in India

Market is rapidly expanding but moving to these premium communities requires careful financial and emotional consideration

FD rates for senior citizens hit 8.5%: Check best offers by various lenders

Small finance banks offer highest rates; their largest peers are conservative and stable

Worried about medical bills? Free online consults, hospital cover for 70+

E-Sanjeevani offers free online doctor consultations, while Ayushman Bharat provides Rs 5 lakh hospital cover for seniors aged 70 years and above. Here's how to access these benefits

Nearly 66% senior citizens find technology 'confusing', shows study

HelpAge India study shows 66 per cent of senior citizens find tech confusing, with over half fearing errors; youth often act as guides but see elders as disinterested

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

Rajasthan govt to send 50,000 seniors on pilgrimage via AC trains

Chief Minister Bhajanlal Sharma announced on Friday that the Rajasthan government will send 50,000 senior citizens on pilgrimage by AC trains this year. Sharma was speaking at the launch of the 'Senior Citizen Pilgrimage Scheme 2025-26' here. He also flagged off the first AC 'Rajasthan Vahini Bharat Gaurav Tourist Train' under the scheme from Durgapura railway station, according to an official statement. Senior citizens will travel to the pilgrimage sites of Rameswaram and Madurai in this train. The Rajasthan government is making continuous efforts to improve the lives of senior citizens of the state. Under the 'Senior Citizen Pilgrimage Scheme', 50,000 senior citizens are being sent to 13 different pilgrimage sites by AC trains for the first time this year, Sharma said. Around 6,000 devotees were taken for 'darshan' of Lord Pashupatinath in Nepal by plane, he said. The elderly are an important pillar of society, the chief minister said. "Their experiences and ideals pave the way

What are the best fixed deposit rates for senior citizens?

Senior citizens are often loathe to deal with the intricacies of complex financial instruments. In such cases, it might be a good idea to just park their savings in a fixed deposit

Retired and saving? CBDT's new guide helps you maximise tax benefits

CBDT's new brochure breaks down tax benefits for retirees, covering exemptions, deductions, and filing ease, making post-retirement money matters clearer and easier to manage

How to best secure senior citizens' savings against market volatility

If you want the elders in your family to avoid the ongoing chaos in the equity markets because of the global trade scenario, senior citizens fixed deposit is a safe way for them to park their savings

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

PioneerUrban Land and Infra to invest Rs 300 cr in senior citizens' project

Realty firm PioneerUrban Land and Infrastructure Ltd will invest Rs 300 crore to develop a luxury housing project for senior citizens in Gurugram. Project Advait is a joint venture with JK Organisation's real estate arm JK Urbanscapes Developers Ltd. The company has received a license under the State's Retirement Policy. The project, spread across 2.6 acres and comprising 164 units, will be developed with an investment of Rs 300 crore. Each apartment is equipped with a centralised air filtration system (TFA unit). Its medical services will be provided by Fortis Hospital, Gurugram, within the project premises. Commenting on the development, Manish Periwal, Chairman and Managing Director, PioneerUrban, said the company has expanded its presence in the senior living space with the launch of this project. "Our investment reaffirms our commitment towards creating exceptional luxurious living spaces. With a strong focus on sustainability, cutting-edge architecture, and resident-centri

Delhi govt increases monthly aid for senior citizens

Delhi government has announced an increase in the monthly financial assistance for senior citizens, raising the amount from Rs 2,000 to Rs 2,500 for those aged 60 to 69, while those aged above 70 will receive Rs 3,000 per month. Presenting the Budget, Chief Minister Rekha Gupta said the government is committed to strengthening financial support schemes for senior citizens. "The monthly assistance for senior citizens aged 60 to 69 is being increased to Rs 2,500, and those aged above 70 will now receive Rs 3,000 per month," she said. Additionally, senior citizens from Scheduled Caste (SC), Scheduled Tribe (ST), and minority communities in the 60 to 69 age group will receive an extra Rs 500 per month. A total of Rs 3,227 crore has been allocated for these schemes, the chief minister said. The government has also earmarked Rs 20 crore under the 'Grant In Aid (GIA) to Recreation Centres for Senior Citizens' scheme to provide spaces for relaxation and social activities, she added.

Senior citizens can cancel gift deed if children fail to take care: HC

Senior Citizens can cancel the gift or settle deeds executed in favour of their children or close relatives if they failed to take care of them, even if it was not explicitly mentioned in the conditions imposed in the deeds, the Madras High Court has ruled. A division bench comprising Justices S M Subramaniam and K Rajasekar dismissed an appeal filed by S Mala, daughter-in-law of deceased S Nagalakshmi. Originally, Nagalakshmi executed a settlement deed in favour of her son Kesavan with a fond hope that he and her daughter-in-law will take care of her till her lifetime. But he failed to take care of her. Her daughter-in-law also neglected her after her son died. Therefore, she approached the RDO, Nagapattinam. After recording her statement that she executed the deed out of love and affection and for the future of her son, and after considering the statements of Mala, the RDO cancelled the settlement deed. Challenging this, Mala filed a petition and it was dismissed. Hence, she filed

Ayush ministry, social justice dept sign MoU for senior citizens' welfare

The Ministry of Ayush and the Department of Social Justice and Empowerment signed MoU on Wednesday to improve the well-being of senior citizens and address the growing concern of substance abuse. This strategic partnership seeks to implement Ayush-based interventions to promote geriatric healthcare and combat substance abuse, Union Ayush Minister Prataprao Jadhav said. He said the Memorandum of Understanding (MoU) is a pioneering step to develop cooperative initiatives for health promotion among senior citizens and those affected by substance abuse. "Geriatric healthcare and substance abuse are critical areas that require special focus, especially as we face an ageing population and growing concerns around addiction," Jadhav said. This collaboration between the Ministry of Ayush and the Department of Social Justice and Empowerment (DoSJE) represents a significant step towards addressing these challenges. "By leveraging the holistic approach of Ayush systems alongside social welfar

Health insurance for elderly; luxury gifts: Top personal finance stories

Our newsletter this week has stories on why health premiums for senior citizens are rising and how couples are celebrating Valentine's Day

Health insurance for senior citizens is expensive: Here's what they must do

Those who find premiums unaffordable should go for a plan with deductibles

How will Budget 2025 impact senior citizens?

Budget 2025 introduces tax relief measures for senior citizens, enhancing savings potential

Senior citizens expect tax relief and higher returns in Budget 2025

Speculation is rife that the government may raise exemption limit significantly, with some experts suggesting a new threshold of Rs 10 lakh to alleviate the tax burden on senior citizens