However, it's the additional interest rates that truly set senior citizen FDs apart: most banks and NBFCs grant an extra interest rate of 50 basis points (bps) above the regular fixed deposit interest rates for resident senior citizen FD depositors, ensuring that retirees residing within the co...
Post Office Senior Citizen Saving Scheme has a tenure of five years. However, one can extend their investment in the scheme for another three years. Also, the interest rate for the extended tenure would be at the prevailing rate. For the extension of the scheme tenure, the investor has to...
5). New India's Senior Citizen Mediclaim Policy This is an indemnity medical insurance policy offering sum insured options of INR 1 lakh and 1.5 lakhs. Sum insured:INR 1 lakh and 1.5 lakhs. Policy type:Individual / Family floater Entry Age:60 years to 80 years ...
50,000. Besides, the bank or post office doesn’t deduct any TDS on such interest income. You should considerHDFC Bank Savings Accountsand fixed deposit accounts to earn a superior interest income on your balance. HDFC Bank offers attractive interest rates for its valued senior citizen customers...
The rate of interest under SCSS scheme is in accordance with the Government declaration. The latest SBI senior citizen savings scheme interest rate applicable is 8.20% p.a. as notified on 1st January 2025.Cumulative payment of interest is not done under the SBI Senior Citizen Savings Scheme. Th...