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You can earn up to "69, 000 monthly income from "1 crore FD in small finance banks. Here's how
3+ day, 6+ hour ago (276+ words) Mint You can earn up to "69, 000 monthly income from "1 crore FD in small finance banks. Here's how Small finance bank FDs can help deliver attractive monthly income on "1 crore deposits, with senior citizens earning higher returns through competitive fixed deposit…...
What happens if you don't extend SCSS tenure? Rules, interest and withdrawal explained
5+ day, 9+ hour ago (714+ words) The Senior Citizens' Savings Scheme (SCSS) is a government-backed investment option designed for individuals aged 60 years and above that provides quarterly interest payments at a predetermined rate, along with capital safety. It also offers higher interest rates than most fixed…...
SCSS maturity rules explained: Can senior citizens extend their account's tenure?
6+ day, 9+ hour ago (561+ words) The Senior Citizens Savings Scheme (SCSS) remains one of the most popular fixed-income investment options for retirees due to its government backing, regular quarterly payouts and higher interest rates than most FDs. The scheme comes with an initial maturity period…...
SCSS account rules: Who can invest, how much interest you get and what tax applies
1+ week, 2+ day ago (720+ words) The Senior Citizens Savings Scheme (SCSS) is available to resident Indians who meet the prescribed age and retirement conditions. Any individual who is 60 years of age or older can open an SCSS account and invest in this government-backed savings scheme....
Income tax rules for senior citizens in FY27: What's new and what stays the same
2+ week, 6+ day ago (542+ words) From April 1, 2026, filing taxes just got easier for elderly taxpayers! With the introduction and expansion of Form 125, senior citizens, eligible individuals can now entirely avoid filing ITR. The form is designed to reduce compliance hassles by shifting much of the…...
ITR filing 2026: Can super senior citizens avoid filing income tax? Exemptions, conditions and rules explained
3+ week, 5+ day ago (604+ words) As the ITR filing season for AY 2026-27 approaches, not all super senior citizens (those aged 80 and above) are required to file an income tax return. The Income Tax Act, 1961, provides a limited exemption under Section 194 P, but only if the…...
RBI proposes safeguards for digital transactions " what it means for senior citizens and other users
1+ mon, 6+ day ago (594+ words) The Reserve Bank of India (RBI) has proposed a set of changes aimed at curbing the sharp rise in online frauds. While these safeguards may slightly slow down digital payments, they are intended to make transactions safer. In a discussion…...
Income Tax Act 2025: What is Form 121 and why should it be submitted to the bank for Tax Year 2026-27?
1+ mon, 1+ week ago (604+ words) As per the Income Tax Act, 1961, bank depositors had to submit Form 15 G/Form 15 H to the bank to avoid Tax Deducted at Source (TDS). Some depositors were confused about which of the two forms applied to them. Senior citizens…...
Medical Insurance for Senior Citizens: Plans, Benefits & Tips
1+ mon, 3+ week ago (757+ words) It is important to understand that a Senior Citizen Medical Insurance Policy (a. k. a. , medical insurance designed for seniors) is significantly different from traditional forms of health coverage. Senior citizen health insurance can be provided in several different types of policies: Individual…...
What is Tamilnad Mercantile Bank's deposit scheme that offers 7. 50% a year to senior citizens?
4+ mon, 5+ day ago (305+ words) Tamilnad Mercantile Bank gives a special offer of 7. 5% interest to senior citizens when the tenor is 456 days. Regular citizens are entitled to receive 7. 10% for this tenor. As per the latest interest rates announced by this private sector bank on January…...