Senior Citizen Benefits: 7 Financial Tips For Elders in India

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

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