Senior Citizen Benefits: 7 Financial Tips For Elders in India

Zee Media Bureau
May 12, 2023

Higher Rate On Deposits

In comparison to other residents, senior citizens are entitled to greater interest rates on deposits

Door-Step Banking Facilities

The bank offers doorstep banking services to senior citizens

Tax Benefits

People over the age of 65 are entitled to a number of tax benefits, such as increased tax exemptions and lower tax rates

Pension Schemes

Many pension plans give senior folks a steady income and assist them in covering their daily costs

Health Insurance

Numerous health insurance plans give complete coverage and monetary support in the event of a medical emergency

Fare Concession

Several state transport agencies provide discounted fares for elderly passengers

Property Tax

Exemption from Property Tax in some states

VIEW ALL

Read Next Story