SENIOR CITIZEN SAVING SCHEME
![Seven reasons why you should never retire](https://img.etimg.com/thumb/msid-112747051,width-100,height-75,resizemode-4/wealth/plan/why-you-should-never-retire.jpg)
Seven reasons why you should never retire
The opportunity to get out of the house and engage in another economic activity enables learning and staying updated. Research shows that the seniors who continue to work after retirement are more technologically savvy, can travel independently, protect themselves from scams and frauds, and remain resourceful about how to get things done.
![Six new rules for PPF, Sukanya Samriddhi Yojana, other small savings schemes with effect from October 1, 2024](https://img.etimg.com/thumb/msid-112758295,width-100,height-75,resizemode-4/wealth/invest/six-new-rules-for-ppf-sukanya-samriddhi-yojana-other-small-savings-schemes-with-effect-from-october-1-2024.jpg)
Six new rules for PPF, Sukanya Samriddhi Yojana, other small savings schemes with effect from October 1, 2024
Small savings rules: The Ministry of Finance is responsible for overseeing small savings accounts. Any unusual accounts must be sent to this department to be brought into compliance by the Ministry of Finance, as per the regulation. Six specific categories have been defined, and appropriate instructions have been provided.
![Tax implications for senior citizens after budget 2024, know what changed and what continues](https://img.etimg.com/thumb/msid-112583861,width-100,height-75,resizemode-4/wealth/tax/tax-implications-for-senior-citizens-after-budget-2024-know-what-changed-and-what-continues.jpg)
Tax implications for senior citizens after budget 2024, know what changed and what continues
Budget 2024: Senior citizens have different financial needs and tax planning is a significant factor in financial planning for senior citizens. With this in mind, senior citizens need to know if any benefit has been given to them in Budget 2024. In this article we list out some of the benefits offered to senior citizens.
![Top four investment options for senior citizens for monthly income during retirement, earn up to 9.5% return](https://img.etimg.com/thumb/msid-112673148,width-100,height-75,resizemode-4/wealth/invest/top-four-investment-options-for-senior-citizens-for-monthly-income-during-retirement-earn-up-to-9-5-return.jpg)
Top four investment options for senior citizens for monthly income during retirement, earn up to 9.5% return
Senior citizen investment options: Below, you'll find a compilation of four investment opportunities tailored for senior citizens to help them generate reliable monthly income during their retirement years. The objective is to assemble a retirement portfolio that strategically incorporates these investment options.
![Earn up to 8.85% FD rate: RBL Bank launches 'Vijay Fixed Deposits'; check details](https://img.etimg.com/thumb/msid-112516513,width-100,height-75,resizemode-4/wealth/invest/earn-up-to-8-85-fd-rate-rbl-bank-launches-vijay-fixed-deposits-check-details.jpg)
Earn up to 8.85% FD rate: RBL Bank launches 'Vijay Fixed Deposits'; check details
RBL Bank has launched a special fixed deposit termed as 'Vijay Fixed Deposits'. It has been designed to show appreciation for our military men. This limited-period offer pays tribute to the courage and sacrifices of our brave soldiers while providing exceptional financial benefits.
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Get up to 8.5% FD interest rate, 8% on savings accounts: Latest Bandhan Bank interest rates on deposits
Bandhan Bank has revised its fixed deposit interest rates for retail deposits of up to Rs 3 crore, according to the bank website. The revised FD rates are effective from August 7, 2024.
Bank of Baroda revises FD interest rates; earn up to 7.9% fixed deposit rates
Several banks revised their fixed deposit interest rates in August. Bank of Baroda has revised fixed deposit interest rates for amounts below Rs 3 crore. The new rates are effective from August 13, 2024, as per the Bank of Baroda website.
DBS Bank India launches exclusive banking program for senior citizens
DBS Bank India introduced ‘DBS Golden Circle’, a priority banking initiative for senior citizens, providing attractive interest rates on savings and fixed deposits, cyber insurance, and several other benefits. The program aims to secure income in old age, offering flexibility in accessing funds and enhancing the overall banking experience for those aged 60 and above.
FD rate up to 8.6%: This private bank revises interest rates on fixed deposits
RBL Bank has revised the interest rates of fixed deposits for amounts below Rs 3 crore. The revised FD interest rates are effective from July 29, 2024. The bank has also revised savings account interest rates, and the new rates are effective July 1, 2024.
Now earn FD interest rate up to 7.9%: Latest HDFC Bank, SBI, ICICI Bank, Axis Bank fixed deposit rates compared
Latest FD interest rates in July 2024: HDFC Bank has hiked its fixed deposit interest rate by 20 basis points (bps) for specific tenures. It's important to note that major banks like ICICI Bank, PNB, and Axis Bank have adjusted their FD rates in the past month. Now, let's analyze and determine which bank is providing the highest FD interest rate and for which specific tenure.
FD interest rate up to 7.9%: HDFC Bank hikes fixed deposit rates by 20 bps
HDFC Bank has increased fixed deposit tenures interest rates on certain tenures by up to 20 basis points (bps) for amount below Rs 3 crore. The new rates are effective July 24, 2024.
SBI FD interest rate up to 7.75%: State Bank of India launches Amrit Vrishti, a limited period FD with higher interest rate
New SBI special FD: The State Bank of India (SBI) has launched a new term limited period deposit scheme known as "Amrit Vrishti", an FD scheme offering higher interest rates and catering to both domestic and non-resident Indian customers.
FD interest rate up to 7.9%: Bank of Baroda launches new special FD scheme offering higher interest rates; Check details
Latest Bank of Baroda FD interest rates: Bank of Baroda has launched a new special FD scheme that offers higher interest rates. The bank is offering FD interest rates ranging from 4.25% to 7.25% for general citizens for deposit amounts below Rs 3 crore. The tenure for these deposits ranges from 7 days to 10 years.
Interest rate up to 7.5%: 5-year post office time deposit (POTD) is offering higher rates than these top 10 banks
Under the POTD scheme, senior citizens are not offered any higher rates than regular citizens, unlike many banks. Interest is paid annually but calculated quarterly.
SCSS interest rate: Latest Senior Citizens Savings Scheme interest rate for July- September quarter
The Senior Citizen Saving Scheme (SCSS) is an investment scheme developed and maintained by the Indian government to help senior citizens live financially secure lives after retirement. The interest rate on this savings scheme is set and revised by the government every quarter.
Earn up to 8% FD interest rate: Union Bank of India increases fixed deposit rates by up to 20 bps
The Union Bank of India has increased fixed deposit (FD) interest rates by up to 20 basis points (bps) on certain tenures for amounts less than Rs 3 crore. According to the Union Bank website, the new interest rates are effective from July 5, 2024.
Get up to 8.5% FD rate: SBI vs HDFC Bank vs ICICI Bank vs Canara Bank vs PNB; Latest fixed deposit interest rates in July 2024
FD interest rates in July 2024: Here is a comparison of SBI, HDFC Bank, ICICI Bank, Canara Bank, PNB, and Yes Bank FD interest rates in July 2024.
PPF, Senior Citizen Savings Scheme, Sukanya Samriddhi, NSC, other small savings schemes' rates announced for July-September 2024 quarter
Latest Post Office Schemes interest rates: The government has announced that it will keep the interest rates unchanged for small savings schemes for July-September 2024. These schemes include the Public Provident Fund, Senior Citizen Savings Scheme (SCSS), Sukanya Samriddhi Yojana (SSY), National Savings Certificate (NSC), Post Office Time Deposits (POTD), Mahila Samman Savings Certificate, and Post Office Monthly Income Scheme (POMIS).
Latest interest rates of PPF, Sukanya Samriddhi Yojana, Senior Citizen Saving Scheme, NSC, other post office schemes
Latest small savings schemes interest rates: The government has left the interest rates on small savings schemes for the quarter ending June 30, 2024. Latest interest rates of PPF, Sukanya Samriddhi Yojana, Senior Citizen Saving Scheme, NSC, and other post office schemes.
FD rate up to 8.75%, savings account rate of 7.75%: RBL Bank revises savings, FD interest rates
RBL Bank has revised the interest rates of fixed deposits for amounts below Rs 2 crore. The revised FD interest rates are effective from June 8, 2024. The bank has also revised savings account interest rates, and the new rates are effective July 1, 2024.
Top post office schemes: These 9 small savings schemes offer above 7% interest rate
Post office schemes interest rates: The government has kept the interest rates on small savings plans unchanged for the quarter ending June 30, 2024. Here are nine post office schemes that offer more than 7% interest.
What is the latest SBI Sarvottam FD interest rate for May 2024, after State Bank of India hiked FD rates
SBI Sarvottam term deposits were launched last year. Depositors will receive higher interest rates than conventional fixed deposits under this FD scheme.
FD interest rates revised in this bank: You can now earn up to 8.25% rate on fixed deposits
IndusInd Bank has revised the interest rates on fixed deposits (FDs) under Rs 2 crore. The bank offers a fixed deposit interest rate between 3.50% and 7.99% for general citizens for FD tenures ranging from 7 days to 10 years.
IDFC FIRST Bank revises FD interest rates: These fixed deposits to earn 8.4% rate
IDFC FIRST Bank has revised fixed deposit interest rates on amounts less than Rs 2 crore and savings account interest rates, according to its official website. The new FD interest rates are effective May 15, 2024.
This big bank now offers interest rate up to 8% on savings account, 8.55% on fixed deposits
DCB Bank has revised its savings account and fixed deposit (for amount below Rs 2 crore) interest rates. The new rates are effective from May 22, 2024, according to the DCB Bank website.
Earn up to 9.50% interest rate: Senior Citizen Saving Scheme (SCSS) vs FD; interest rates, tax benefits, deposit limit compared
SCSS vs. FD: Here, we have compared the interest rates offered by the Senior Citizens Savings Scheme (SCSS) and bank fixed deposit rates with 5-year tenure for senior citizens and other important features.
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