As COVID-19 has forced us to remain indoors, one would expect banking services to be professional and efficiently digital. It is also expected that banks facilitate doorstep banking for senior citizens as advocated by the RBI. The reality far from this
The government should identify and take special care of elderly households in an effort to protect them by providing immediate health attention and other basic necessities, including special cash transfers
The Paytm Payments Bank in a press release said, This new service will enable them to raise cash withdrawal requests on their Paytm Payments Bank app and the requested amount will be delivered at their home.
Several banking privileges have been rolled out for senior citizens
Housing and Urban Affairs ministry releases guidelines for regulation of retirement homes to ensure ease of living for senior citizens.
Upholding the â€˜right of senior citizens or parents to live peacefully and with dignity‘, the Delhi High Court has ruled that “As long as the parents have the legal possession of the property, they R
Embedding health data of senior citizens on Aadhaar card was among the major healthcare initiatives proposed by Finance Minister Arun Jaitley in his Budget speech on Wednesday. Healthcare industry chiefs lauded the proposal saying such digital penetration could be key to affordable and accessible healthcare to Indian masses.
This will be annual guaranteed return for all above 60 years of age
Here is a wishlist of the common man from Union budget 2017
The budget failed to offer anything in health insurance sector for senior citizens.
The Union Cabinet chaired by Prime Minister Narendra Modi gave its post-facto approval for launching of Varishtha Pension Bima Yojana 2017 (VPBY 2017), an official statement said.
The coming budget is also expected to encourage cashless transactions and digital payments.
Senior citizens living below the poverty line will be given assistive living devices like walking sticks, spectacles and hearing aids by the government under a new scheme.
Following the tough decision to demonetise Rs 500 and Rs 1000 currency notes, Prime Minister Narendra Modi today thanked citizens for undertaking a yagna (sacrifice) to cleanse the economy of black money
Railway Ministry has decided to implement Aadhaar-based ticketing system for senior citizens in a two-phased manner.
With people thronging shops to buy masks to protect themselves from the thick smog engulfing Delhi, a lawyer today moved the National Green tribunal seeking directions to provide free masks to the school-going children and senior citizens to protect them from pollution.
Delhi Police today launched a mobile application for senior citizens to enable them to reach out to the police quickly in emergency situations.
Going overboard with one asset class can pull down your returns. You will face worse situation if you let emotions decide on your behalf.
Though there is no hike in exemption limit for senior citizens, a fresh health insurance scheme is announced by finance minister. Also NPS withdrawals to the extent of 40% were made tax free.
The High Court also asked the Maharashtra Government to step in and help the Railways in augmenting its capacity which would help in providing safe travel for commuters.
Though senior citizens need not pay advance tax, they have to account for income tax and pay it. Also they are expected to file income tax returns, as per rules.
Senior citizens may have a certain preference for Senior Citizen Saving Scheme given fall in interest rates. However, do not ignore the tax benefit associated with it while investing and of course the tax liability on interest earned on it.
While higher interest rates on fixed deposits is a known phenomenon, not many are aware of various discounts available to senior citizens.
Senior citizens have options such as personal loans, home loans or loans against other assets. However there are stringent limits prescribed by banks.
Many fixed income options look attractive with the assured returns feature. However a significant component of the returns may be lost in income tax. It is better to opt for investment options that are tax efficient.