However, do so only if your asset allocation requires you to invest more on the debt side, and you are comfortable with the long lock-in
The AAP dispensation already has a 'Mukhyamantri Teerth Yatra Yojana' that allows senior citizens from Delhi to undertake a free pilgrimage
A total of 1,28,630 beneficiaries over 60 years of age and 18,850 aged 45 and above with co-morbidities took the first dose of COVID-19 vaccine on Monday
The beneficiary would be able to choose the CVC of his/her choice and book an appointment for immunization, the ministry said.
In this Podcast, we discussed how the Budget will impact finances of senior citizens, non resident Indians, salaried people and the changes in taxation on Ulips and ease of ITR
They must also maximise the utilisation of the higher deductions available to them
Conducted across urban centres in northern, western and southern India, the study shatters myths about the way the elderly spend their money
The average annual increase in a senior citizen's health cover should be 4-5 per cent
Stick to deposits of firms with high rating
India still does not have a "one retirement account" concept, with the intended money distributed across various schemes. Pension fund managers are underlining NPS as the preferred way ahead
Buy as soon as possible, as increase in age not only pushes premiums up, it also comes with restricted coverage to diseases
Ongoing pandemic has left more of them lonely and feeling vulnerable considering they are wary of stepping out
They can pay a part of their taxes by July 31 so that their remaining tax liability is no more than Rs one lakh. No interest will be charged if they pay the remainder by November 30
More than 95,000 people have recovered as of Tuesday morning, while 5,598 have died.
PMVVY, SCSS, PPF and Bharat Bond are instruments senior citizens can turn to
SBI's new product offers good rates but SCSS and RBI's savings bonds are more attractive
The State Bank of India (SBI) has introduced a special deposit scheme for senior citizens with a higher interest rate
Since they are more vulnerable, medical insurers may become more wary
Based on the Census 2011 age-cohort data, it is projected that there would be approximately 160 million senior citizens in India
We should have kept the seniors home, closed public spaces, and allowed the rest of us to keep life moving forward, he said