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Ayushman Bharat Yojana: Portal ready for the senior citizen, registration will start soon

Jyoti — Tue, 24 Sep 2024 12:29:21 +0000

Ayushman Bharat Yojana: Elderly people above 70 years of age have also been included in the Ayushman Bharat Yojana. Cards will soon be made for them. A portal has been prepared for this.

Elderly people above 70 years of age have also been included in the Ayushman Bharat scheme. Cards will soon be made for them. The portal has been prepared for this and testing is about to begin. After this, registration will be started soon through Aadhaar. Union Health Secretary Apurva Chandra gave this information. Ayushman Bharat Yojana has completed six years. Under this, cards have been issued to 35.36 crore people so far. The maximum number of 49 cards have been issued to women.

At present, an additional top-up of Rs 5 lakh has been given to people above 70 years of age. Therefore, for families which are already covered, the coverage amount has become Rs 10 lakh. Many states have also increased the coverage amount.

Treatment of these diseases

The scheme provides 949 types of treatments, including 27 speciality treatments. Most of the cases covered are cancer, kidney disease, heart disease.

Also Read: Property Rights: Can a husband sell his wife’s property? Know the rules and regulations

12 crore families included

12.37 crore families have been included in the scheme. So far 7.79 crore people have been admitted to the hospital, of which 3.61 crore were women. Out of these, 49 cards have been issued to women.

How to apply for PMJAY

Visit the PMJAY website, click on the AM I ELIGIBLE tab. Verify your mobile number by entering OTP. Select the state and scheme. If you get the details of your family and eligibility then follow the steps given below…

step 1: https://ayushmanup.in/ tab will open. Click on ‘Register yourself on SETU here’

Step 2: The link will take the user to the NHA’aSetu portal

Step 3: Click on the register yourself button here.

Step- 4: Now fill the mandatory tabs and then click on submit.

Step-5: After successful registration, now complete your KYC and wait for approval. Once the card is ready/approved by the competent authority, the beneficiary can download the card

Bank New FD Rate: Senior citizen customers will get up to 7.75% interest on 1 year investment, Know the details

Jyoti — Sat, 07 Sep 2024 08:03:13 +0000

State Bank of India (SBI) is offering 6.80 per cent interest to its general customers and 7.30 per cent interest to its senior citizen customers on 1-year fixed deposits.

If you want to get guaranteed income after a certain period by investing in Fixed Deposit (FD) in the near future, then this news is useful for you. Actually, many big government and private banks of the country are giving their customers up to 8 percent interest on 1 year FD. DCB Bank comes first among them. DCB Bank is giving 7.25 percent interest to its general customers on 1 year FD and 7.75 percent interest to its senior citizen customers. Let us know in detail about the FD rates of the 10 banks giving the highest interest on 1 year investment.

Here you are getting 7.75% interest

Let us tell you that Tamilnadu Mercantile Bank is giving 7.25% interest to its general customers on 1 year FD and 7.75% interest to senior citizen customers. Apart from this, Canara Bank is giving 7% interest to its general customers on 1 year FD and 7.50% interest to senior citizen customers.

Also Read: Double Your Money: 9 schemes are available in Indian Post Office to double your money

On the other hand, Karnataka Bank is giving 7% interest to its general customers on 1 year FD and 7.40% interest to senior citizen customers. While Deutsche Bank is giving 7% interest to its general customers on 1 year FD and the same interest to senior citizen customers. At the same time, RBL Bank is giving 7% interest to its general customers on 1 year FD and 7.50% interest to senior citizen customers.

SBI is giving more than 7% interest

On the other hand, Bank of India is giving 7 percent interest to its general customers and 7.50 percent interest to its senior citizen customers on 1 year FD. While State Bank of India is giving 6.80 percent interest to its general customers and 7.30 percent interest to its senior citizen customers on 1 year FD. Apart from this, Bank of Baroda is giving 7 percent interest to its general customers and 7.25 percent interest to its senior citizen customers on 1 year FD. Whereas, Central Bank of India is giving 6.75 percent interest to its general customers and 7.25 percent interest to its senior citizen customers on 1 year FD.

Senior Citizen Loan: You will get loan easily even after 60 years of age, just keep these things in mind

Pravesh Maurya — Sat, 11 May 2024 05:27:35 +0000

Many people feel that banks do not give loans to elderly citizens because they do not have any solid source of income and there is also the problem of old age. In such a situation, banks feel that by giving loans to senior citizens, their money may get stuck. But if you keep some things in mind then you will not face much problem in getting the loan.

Banks generally avoid giving home loans to senior citizens. They feel that elderly citizens do not have any solid source of income after retirement. Apart from this, they may also face health related problems and in case of any sudden untoward incident, their debt may get stuck.

However, it is not that banks always refrain from giving loans to retired and elderly citizens. If senior citizens keep some things in mind, they can also get a loan.

Focus on reducing risk
If you take a joint loan, it reduces the risk of the bank. In such a situation, the chances of getting the loan approved increases. If your son has a good salary, you can make him a co-applicant.

Secured loan will be approved soon
You can take loan against assets like property, gold, FD, stock or mutual fund. The loan taken against the asset is secured. In this, banks have the scope to recover their debts by selling the bank assets in case of any disturbance.

In such a situation, the loan is easily approved. If your credit score is good, things will become easier.

Keep the loan tenure short
The biggest problem for senior citizens while taking loan is age. Banks feel that in case of any untoward incident their loan will get stuck. In such a situation, you should keep the loan repayment period as short as possible. Making a higher downpayment can also be an option.

Banks have a condition that their loan should be completed before 75 years of age. Meaning that if you take a loan at the age of 70, you will have only 5 years to repay it. In such a situation, the EMI burden may be higher.

You can also take loan from NBFC
If being a senior citizen, you are facing problem in getting loan from the bank, then you can also go to NBFC (Non-Banking Finance Companies). Even if your credit score is low and your age is high, NBFCs still give loans. However, they charge higher interest than banks.

Tax Saving Tips : If you want to save tax on bank FD interest then do this immediately, otherwise you will incur loss.

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Senior Citizen Loan: You will get loan easily even after 60 years of age, just keep these things in mind

Pravesh Maurya — Fri, 05 Apr 2024 09:13:46 +0000

However, it is not that banks always refrain from giving loans to retired and elderly citizens. If senior citizens take care of some things, they can also get a loan.

In such a situation, the loan is easily approved. If your credit score is good, things will become easier.

Keep the loan tenure short

The biggest problem for senior citizens while taking loan is age. Banks feel that in case of any untoward incident their loan will get stuck. In such a situation, you should keep the loan repayment period as short as possible. Making a higher downpayment can also be an option.

You can also take loan from NBFC

If being a senior citizen, you are facing problem in getting loan from the bank, then you can also go to NBFC (Non-Banking Finance Companies). Even if your credit score is low and your age is high, NBFCs still give loans. However, they charge higher interest than banks.

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New Update for Senior Citizens! Rules of Senior Citizen Saving Scheme changed, check details

Pravesh Maurya — Tue, 21 Nov 2023 19:09:03 +0000

Senior Citizen Saving Scheme New Rules: Senior Citizen Saving Scheme is a very popular scheme run by the Central Government which has crores of account holders across the country.

If you are also a senior citizen and are going to invest or have already invested under this scheme, then this news is useful for you. The government has changed the rules of the Senior Citizens Savings Scheme and has also issued a notification on November 7, 2023. If you are thinking of withdrawing money under this scheme, then know about its changed rules here.

SCSS rules for withdrawing money changed-

Many times, after opening a SCSS account, people need to close it within a year. If this has happened to you too, then know that now the rules for pre-mature withdrawal have changed. After the change in rules, if you close the account within one year of opening the account, then in such a situation, 1 percent of the deposited amount will be refunded to you after deducting it. Earlier, in such a situation, one percent of the interest deposited on the amount was deducted and returned.

According to the new rules, after investing in Senior Citizen Saving Scheme for 2 years, 3 years, 5 years, if you close the account more than 6 months and before 1 year, then the amount will be refunded according to the number of months in which you have invested. You will get the benefit of interest.

The time period of five years has been removed in the new rules. This interest rate will benefit from the interest rate of post office savings account. Whereas after investing in the scheme for five years, if you close the account within four years, then in this situation also you will get the benefit of interest on the savings account. Earlier, in this situation, the benefit of SCSS interest rate was available for up to 3 years.

These changes were also made in the plan

After receiving retirement funds under the Senior Citizen Savings Scheme, you can now open an account within 3 months instead of 1 month. Along with this, earlier in this scheme, after completion of the period of 5 years, you could extend it only once for 3 years. After the change in rules, you can extend it as many times as you want for 3 years. Along with this, let us tell you that under this scheme, you will get interest only according to the date of investment or the date of extension of the scheme.

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Income Tax Rules : Will there be a penalty for not giving correct information about tax refund interest?

Pravesh Maurya — Wed, 08 Nov 2023 22:15:31 +0000

Income Tax Rule: If you pay tax then this news is useful for you. The accountant member in the ITAT bench has clarified whether penalty will be imposed for not giving correct information about tax refund interest or not. Let us know in detail in the news below….

Recently, a case between a senior citizen and the Income Tax Department in Mumbai reached the Mumbai bench of the Tax Tribunal. In this case, the senior citizen said that the penalty imposed for not giving information about the interest received on tax refund is not valid. In this case, Amarjeet Singh, an accountant member of the ITAT bench, and Sandeep Singh Karhel, a judicial member, said in their order that until the tax is refunded, no decision can be taken on whether the interest will be taxed or not.

In such a situation, it cannot be considered a case of reporting income in income tax return. Let us tell you that under 270A of the Income Tax Act, if a taxpayer gives wrong information about income or understates the income, then a heavy penalty is imposed on him. Come, let us know what this whole matter is?

What is the whole matter

Taxpayer K Singh filed his income tax return in the financial year 2016-17. In this he declared his income as Rs 1.9 crore. When the investigation was done, it was found that his income was around Rs 2 crore. The difference of Rs 9.7 lakh in this was the interest being received on tax refund. This information was not given while filing ITR.

Under Section 244A of the IT Act, the Income Tax Department will have to pay 0.5 percent interest on the tax refund every month. If interest comes from any source other than tax refund, then tax is applicable on it.

In the case of K Singh, the Income Tax Officer has issued a notice under Section 270A. Even before this notice was issued, he gave information about the interest being received on IT refund. In such a situation, it will not be considered a case of false information about income.

Ketan Ved, partner, Deloitte India, who represented the taxpayer in this case, told TOI that the interest received in the tax refund is either deposited in the taxpayer’s bank account or adjusted in the previous tax demands. In such a situation, there is no issue of non-disclosure of income by the taxpayer.

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How to get tax exemption on senior citizen interest income – See Details

Pravesh Maurya — Mon, 24 Jul 2023 12:00:03 +0000

Tax exemption: Those who make Fixed Deposit (FD) in any bank have to submit the form every year. If you do not submit this form, then banks deduct TDS on the interest amount. Fixed deposit holders have to submit two forms- and Form 15H every year in the bank or wherever the FD is made. Form 15H is a declaration form under sub-section 1(C) of section 197A of the Income Tax Act, 1961. If a senior citizen is getting income from FD interest, can he fill 15H form or not. Here we are going to tell you how smart citizens can save tax.

Which form to fill

First of all, let us tell you that people below 60 years of age have to fill 15G form, which has a condition that no income tax should be made on you. Second, your total income should be less than 2.5 lakh.

How senior citizens can save tax

Above 60 years i.e. for senior citizens, 15H form will have to be filled. The condition of 15H is that no tax should be made on your income. There is no condition of basic exemption limit in this. If the interest is going above the basic exemption limit, but you will not be taxed if you do not have any other income. In this condition, you can go to the bank and fill 15H form, in which case the bank will not deduct your TDS and all your interest will come to your account.

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New Pension For Senior Citizen! By saving 100 rupees, you will get a pension of 57 thousand rupees every month

Pravesh Maurya — Mon, 24 Jul 2023 05:01:31 +0000

National Pension System: Investing in pension schemes for old age is considered a good way. You continue to get a regular income even after retiring from the job. Pension does not let you have shortage of money. Many pension schemes are being run by the government. One of these is the National Pension System (NPS). Any citizen can invest under this scheme.

After retirement, apart from getting a lump sum amount under this, the benefit of pension is also available every month. Through the website of NPS, you can invest in it and here the returns and benefits can be easily understood. NPS calculator is also available here. If you want to invest, then you can understand the return on investment as per the requirement.

Under the National Pension System, more benefits can be availed by investing a very small amount. Here’s how you can get a monthly pension of Rs 57,000 by saving Rs 100 a day. Let’s understand the calculation

Pension on investment of 1500 per month at the age of 25

If you start investing Rs 1500 i.e. Rs 50 per day in NPS at the age of 25, then by the age of 60 the total corpus will be Rs 57,42,416. However, for this the annual interest should be 10 percent. You can invest even till the age of 75. At the time of exit from the scheme, investors have the option to buy an annuity plan with a corpus of up to 100 per cent.

If 100% annuity is purchased with this copper, the customer can avail a monthly pension of Rs 28,712. If only 40% of the annuity is purchased, then the monthly pension will be Rs 11,485 and you will get a lump sum amount of Rs 34 lakh, which you can withdraw.

How much pension will be received on Rs 100 per day

If you start investing Rs 3000 every month i.e. Rs 100 per day from the age of 25, then according to the NPS calculator, after 60 Rs 1,14,84,831 will be accumulated. If 100% annuity is purchased with this amount, then the total monthly pension will be Rs 57,412 and if only 40% annuity is purchased, then only Rs 22,970 will be given as monthly pension, but after retirement the lump sum amount will be Rs 68 lakh.

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Great news for Senior Citizen ! Ticket prices reduced, only half the fare will be charged for the journey

Pravesh Maurya — Sat, 24 Jun 2023 03:56:27 +0000

Senior Citizen Ticket Fare: A big announcement has been made by the state government. From now on, women and senior citizens will have to take only half the ticket. The state government has cut the ticket prices.

Many types of facilities are provided to women and senior citizens by the Central and State Government across the country. If you also travel, then a big announcement has been made for you by the state government. From now on, women and senior citizens will have to take only half the ticket. The state government has cut the ticket prices. Let us tell you where people will have to pay only 50 percent i.e. half the fare during the journey.

Only half the fare

Let us tell you that the government of Maharashtra and Haryana had started this facility in the month of April. Under the Mahila Samman Yojana in Maharashtra, the bus ticket fare for women was reduced by 50 per cent. At the same time, this facility is also being given to senior citizens. In this, senior citizens of 65 to 75 years are getting benefit. At the same time, bus service in the state is free for citizens above 75 years of age.

Let us tell you that you will get discount on bus fare.

You are getting this discount on bus fare. This facility is being provided by the State Transport Corporation. Maharashtra’s Deputy Chief Minister Devendra Fadnavis announced this during the budget session. Along with this, the Haryana government had also reduced the ticket prices for senior citizens.

This facility is applicable from the month of April itself, the fare of senior citizens was reduced by 50 percent. This benefit is available only to the people living in the state of Haryana. To take advantage of this facility, you will have to show the residence certificate of Haryana during ticket booking while traveling in the bus.

This facility is also available in many other states,

Let us tell you that earlier in Haryana, only 60 years old women used to get the benefit of this facility, but from now on all senior citizens above 65 years of age will get this benefit. Bus travel is free for women in Delhi and Punjab. Apart from this, senior citizens are also given concession in bus fare in Karnataka and Andhra Pradesh.

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Bank FD Rate Change: This bank changes FD interest rates, senior citizens will get 8.25% interest

Pravesh Maurya — Sat, 17 Jun 2023 10:04:44 +0000

If you invest in FD schemes, then you can get good returns by investing in this bank FD. Because IndusInd Bank has changed the interest rates on FDs of less than Rs 2 crore.

According to the official website of the bank, the new rates will be applicable from June 2, 2023. The bank now offers an interest rate of 3.50 per cent on FDs with maturity between 7 days and 30 days.

Apart from this, the bank is providing an interest rate of 4 percent for FDs maturing between 31 to 45 days. The bank offers an interest rate of 4.5 percent for FDs maturing between 46 to 60 days and 4.6 percent for FDs maturing in 61 and 90 days. IndusInd Bank offers an interest rate of 5 percent for FDs maturing between 91 to 120 days. The bank offers an interest rate of 5 percent for FDs maturing between 121 to 180 days.

After the revision, the bank offers an interest rate of 5.85 per cent on FDs maturing between 181 to 210 days.
The bank offers an interest rate of 6.10 percent for FDs maturing between 211 to 269 days.
IndusInd Bank offers an interest rate of 6.35 per cent for deposits maturing between 20 and 364 days.
The bank is now offering an interest rate of 7.75 per cent on FDs maturing between one year and two years.
The bank offers an interest rate of 7.50 per cent for FDs maturing in two years, three years and more than three months.
IndusInd Bank offers an interest rate of 7.25 percent for FDs maturing in three years and three months and less than 61 months.

Senior Citizen will get 8.25% interest

IndusInd Bank will now offer an interest rate of 7 percent for FDs maturing in more than 61 months. The bank offers an interest rate of 7.25 per cent on Indus Tax Saver Scheme (5 years). Senior citizens are eligible for an additional 0.50 percent interest rate on all FDs. The interest rate for senior citizens ranges from 4 percent to 8.25 percent.

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Senior Citizen Fare Concession: The government has stopped giving concession on rail fare to the elderly

Pravesh Maurya — Thu, 30 Mar 2023 05:02:36 +0000

Railway Concession For Senior Citizen: Do you know that Indian Railways has abolished the facility of concessional tickets for senior citizens to travel by rail to save Rs 1667 crore. This information has come to the fore from the reply given by Railway Minister Ashwini Vaishnav to the question asked in the Lok Sabha.

In the Lok Sabha, a question was asked to the Railway Minister as to how much money the Railways has earned after withdrawing the subsidy given by the Railways on the tickets for the senior citizens to travel by rail. In a written reply to this question, the Railway Minister said that in 2019-20, the Railways had lost revenue of Rs 1667 crore due to exemption in passenger fare to senior citizens. However, the Railway Minister did not tell how much money the government has earned in the last two years after the abolition of the concession on rail fares.

A question was also asked to the Railway Minister that what is the government considering on giving concession on rail fare to senior citizens again? So while answering this question, the Railway Minister said that from March 20, 2020, the facility of concessional train tickets to senior citizens has been abolished. He has not said anything directly in his reply on reinstating the facility of concessional tickets for senior citizens traveling by rail.

However, he said that in 2019-20, Railways had to spend Rs 59,000 crore as subsidy on passenger tickets. He said that on an average, the government gives 53 percent subsidy on every person traveling in the train and this subsidy is being given to all the passengers. He said that apart from this, the government gives separate subsidy on rail travel to Divyangjan, students and patients.

Since the time of Kovid-19 epidemic, the exemption of train fare to senior citizens has been abolished and it has not been started yet. Recently, the Parliamentary Standing Committee has recommended for concession in fare for senior citizens. Earlier, Indian Railways used to give 40 per cent concession in male category to senior citizens who are 60 years of age or above.

The report has been presented in both the Houses of the Parliament and it has been said that according to the information given by the government, now the era of Kovid is over and Railways have also benefited by saving on fare exemption. The revenue of Railways has also increased. In this case it should be restored.

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Good News! Government has brought a new scheme for senior citizens, will get Rs 18500 pension every month

Pravesh Maurya — Fri, 24 Mar 2023 13:28:52 +0000

New Pension Plan: At present, every person is worried about his future. For this, he keeps thinking about such a plan, so that he can live his retirement life in a safe way, so we have brought such a plan for you.

If you are a senior citizen, then today we have brought such a government scheme for you, from which you will get a hefty pension immediately. In this your principal money remains safe and returns are also available at regular intervals.

The best part is that under this government scheme, both husband and wife together after the age of 60 can avail the guaranteed benefit of pension of Rs 18500 every month. Thek best part is that after 10 years your entire investment will also be returned. Only a few months are left for senior citizens to invest in Pradhan Mantri Vaya Vandana Yojana (PMVVY). SIC operates this scheme.

In the PMVVY scheme, the government provides a subsidized pension scheme for senior citizens aged 60 years and above. Under this scheme, immediate monthly, quarterly, half-yearly or annual pension facility is given to senior citizens. Investors have to pay a lump sum of Rs 15 lakh to take advantage of this scheme.

Deadline is March 31, 2023

Any person who has attained the age of 60 years can invest in this scheme till March 31, 2023. With only a few months left for the PMVVY sale to end, let’s take a look at how much benefits, eligibility and how much pension senior citizens can get by subscribing to this scheme.

Eligibility for PMVVY

According to the LIC website, senior citizens of India aged 60 years (completed) and above can invest in the PMVVY scheme. There is no upper age limit to buy this plan.

PMVVY Scheme Term and Pension Payment

The duration of this scheme for senior citizens is 10 years. Pension payment under PMVVY can be made on monthly, quarterly, half yearly or yearly basis depending upon the mode chosen by the buyer. The first installment of pension under PMVVY starts after 1 year, 6 months, 3 months or 1 month from the date of purchase of the scheme. For example, if you have opted for monthly mode of pension payment and if you buy the plan now then your pension will start after 1 month.

PMVVY Pension Purchase Price

The minimum pension allowed under investment in PMVVY is Rs 1000 per month while the maximum pension is Rs 9250 per month. The minimum purchase price available under the scheme is Rs 1,62,162 for monthly pension, Rs 1,61,074 for quarterly pension, Rs 1,59,574 for half yearly pension and Rs 1,56,658 for annual pension. The maximum purchase price available under the scheme is Rs 15 lakh for monthly pension, Rs 14,89,933 for quarterly pension, Rs 14,76,064 for half yearly pension and Rs 14,49,086 for annual pension.

Interest Rate on PMVVY

“For Financial Year 2022-23, the Scheme shall provide an assured pension of 7.40% p.a. payable monthly. This assured rate of pension shall be payable for the full policy term of 10 years for all the policies purchased till 31st March, 2023.”

PMVVY Pension Purchase Price

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Finance Minister announced! Now senior citizens will get full Rs 70,000 every month, check details Immediately

Pravesh Maurya — Thu, 16 Mar 2023 10:29:09 +0000

Central Government Scheme For senior citizen: Many government schemes are being run by the Central Government (Modi Goernment).

The government has given many facilities to senior citizens, at present the Modi government has now announced to give Rs 70,500 to senior citizens. Yes… If you also want to take advantage of this, then you have a good chance.

Finance Minister had announced in the budget

Many special announcements were made in the budget by Finance Minister Nirmala Sitharaman. Now you are going to get full benefit of Rs 70,500 every month from the government. Let us tell you that many schemes are being run by the government, in which you can become a millionaire by investing money. If the benefits of these schemes are added, then according to that you can earn well every month. Let us tell you how-

There are many types of government schemes

At present, many government schemes are being run like Senior Citizen Savings Scheme (SCSS), Post Office Monthly Income Scheme (POMIS), Mahila Samman Savings Certificate (MSSC) and Pradhan Mantri Vaya Vandana Yojana (PMVVY), in which You can earn good profits by investing.

Will get Rs 70,500 every month

If you invest Rs 1.1 crore in all these schemes, a senior citizen couple will earn a monthly income of around Rs 70,500 and these are assured returns.

You can invest up to 30 lakh

in SCSS, you can invest up to 30 lakh, that is, you can deposit up to 60 lakh in a joint account and you get the benefit of interest at the rate of 8 percent. Under POMIS, you can invest up to Rs 9 lakh. Interest is available at the rate of 7.1 percent on this.

You can invest a maximum of 2 lakhs in the MSSC scheme, although this scheme is only for women . Interest is being received on this at the rate of 7.5 percent. You can invest up to 30 lakhs in the joint account of PMVVY scheme and in this you will get interest at the rate of 7.4 percent.

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Senior citizens Best FD rate: These banks are offering higher returns on FD to senior citizens, check the complete list

Pravesh Maurya — Fri, 03 Mar 2023 10:05:14 +0000

Senior citizens fixed deposit: If you are a senior citizen and want to invest in Fixed Deposit of a bank, then these banks are offering you a higher interest rate for your good returns . FD is the most preferred investment for senior citizens. If you are also making an investment plan, then you can get FD done in these banks. These banks are giving you more benefits with less investment.

After the repo rate hike by RBI from May 2022, banks are increasing lending as well as interest on fixed deposits. Hence, FD investors are happy to see higher returns on their deposits. With the increase in the repo rate, the interest rates are going up. Repo rate is the rate at which banks borrow money from the Reserve Bank of India (RBI).

RBI increased the interest rate

In view of rising inflation, the Reserve Bank has increased the repo rate by 25 basis points i.e. 0.25 percent on 8 February. After the new revision, the repo rate has increased to 6.5%. This was the sixth time that the Reserve Bank of India (RBI) has increased the repo rate. RBI has increased the repo rate by 2.50% since May last year.

Senior citizens are getting more interest on these banks

Bandhan Bank FD Rates for Senior Citizens

600 Days (1 Year, 7 Months, 22 Days) – 8.50%

Yes Bank FD Rates for Senior Citizens

Time – 35 Months, Interest Rate – 8.25%

Axis Bank FD Rates for Senior Citizens

2 Years < 30 Months – 8.01% IDFC First Bank FD Rate for Senior Citizens

More than 2 years 1 month to less than 2 years 6 months – 8.25%

Sunrise FD Rates for Senior Citizens

More than 1 year 6 months to 2 years – 8.51%

RBL Bank FD Rates for Senior Citizens

453 to 459 days (15 months) – 8.30%

DCB Bank FD Rates for Senior Citizens

18 months to less than 700 days – 8.00%

Equitas Small Finance Bank FD Rates for Senior Citizens

For 888 days – 8.5%

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Super FD Plan For Senior Citizen: This bank is giving strong interest on FD, bumper return on investment of 555 days!

Pravesh Maurya — Mon, 27 Feb 2023 09:29:44 +0000

Bank Central Bank of India has increased the interest rates on fixed deposits. After increasing the repo rate of the Reserve Bank, the banks of the country are trying to make their FD schemes attractive.

Public sector bank Central Bank of India has increased interest rates to make its Fixed Deposits scheme attractive. The bank has increased the interest rates on fixed deposits of less than Rs 2 crore. Central Bank of India is offering interest ranging from 4% to 6.25% on FDs maturing in seven days to 10 years. At the same time, senior citizens are being given interest ranging from 4.50 per cent to 6.75 per cent on FD of the same period.

Interest on one year FD

The bank is offering a maximum interest rate of 6.75 percent to common people and 7.25 percent to senior citizens on FDs of more than one year and less than two years. The bank is offering 4 per cent interest on FDs maturing in seven to 14 days. FD maturing in 15 to 45 days will get interest at the rate of 4.50 per cent. The Central Bank of India is promising five percent interest on FDs of 91-179 days.

How much interest on 10 year FD?

The bank will pay interest at the rate of 5.50 per cent on deposits maturing in 180 to 364 days. The bank is offering an interest rate of 6.50 per cent on FDs of more than two years and less than three years. The bank is promising 6.25 per cent interest on deposits maturing in 3 years to 10 years. Apart from this, as an incentive, an additional interest of 0.50 percent per annum will be given on the deposits made by senior citizens above 60 years of age.

555 days special FD

Central Bank of India also runs special fixed deposit schemes of 444, 555 and 999 days. These schemes are available with callable and non-callable options. The bank is offering interest at the rate of seven per cent on deposits of 555 days and at the rate of 6.50 per cent on deposits of 999 days. While senior citizens will get interest at the rate of 7.50 percent and 7.00 percent respectively.

Repo rate has increased

The Reserve Bank of India has recently increased the repo rate by 25 basis points. Because of this loans have become expensive. However, the country’s private and public sector banks are increasing interest rates on fixed deposits. Private and government banks of the country are trying to make it more attractive by increasing the interest rates on FD.

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Pension Plan for Senior Citizen! Government has brought a new scheme forc, will get Rs 18500 pension every month

Pravesh Maurya — Sat, 25 Feb 2023 05:02:50 +0000

Deadline is March 31, 2023

Eligibility for PMVVY

According to the LIC website, senior citizens of India aged 60 years (completed) and above can invest in the PMVVY scheme. There is no upper age limit to buy this plan.

PMVVY Scheme Term and Pension Payment

PMVVY Pension Purchase Price

Interest Rate on PMVVY

PMVVY Pension Purchase Price

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Senior Citizen New Pension Plan: Government has provided opportunity to earn monthly rupees 40000 pension for senior citizens, know how ?

Pravesh Maurya — Wed, 22 Feb 2023 06:05:54 +0000

The sections on which Finance Minister Nirmala Sitharaman has shown more kindness in the Union Budget 2023 include women and senior citizens. The government is going to start a special deposit scheme for women.

The investment limit has been increased in two schemes considered most beneficial for senior citizens. These include Senior Citizens Savings Scheme ( SCSS ) and Post Office Monthly Income Scheme ( POMIS ). Some people say that the Finance Minister has made these announcements in view of the Lok Sabha elections to be held next year. Whatever may be the objective of the government, it is certain that the common people of the country will get its benefit. especially SCSSWith the increase in the investment limit, a retired person can get a pension of Rs 40,000 per month along with his wife. Let us know how it will happen.

What is scss?

First of all, it is important for you to know the special things about SCSS. Any person who has attained the age of 60 years can open SCSS account in the post office. You can open this account alone or you can open a joint account with your wife. This account can be opened initially for five years. After completion of five years, its period can be extended for three years.

What is the rule now?

At present, an individual is allowed to invest Rs 15 lakh in SCSS. After opening the husband’s account, the wife can also open a separate account. In this way, combining both, now Rs 30 lakh is allowed in SCSS. Many senior citizens are taking advantage of this scheme. This scheme is very popular among retired people. The reason for this is that it is very good in terms of money security. It gets a kind of guarantee from the central government. Elderly people pay more attention to the safety of their money than returns.

What has been announced in the budget?

Nirmala Sitamaran has announced major changes in SCSS in Union Budget 2023 . On February 1, 2023, he said in the budget speech that the limit of Senior Citizens Savings Scheme (SCSS) is being increased. It is being increased from Rs 15 lakh to Rs 30 lakh. This change will come into effect from April 1, 2023.

The government has not yet issued its notification. But, it is expected that she will release soon. After this change, an elderly person will be able to invest Rs 30 lakh in SCSS. He will be able to invest an additional Rs 30 lakh by opening a separate account in the name of his wife. In this way both husband and wife together will be able to invest Rs 60 lakh in this scheme.

This is how you can get a pension of Rs 40,000 per month

Right now the interest rate of SCSS is 8 percent. In this way, the quarterly interest of an account becomes Rs 60,000. Every month it comes to Rs 20,000. If the husband opens a separate account in the name of his wife, the interest increases to Rs 1.20 lakh every quarter.

In this way every month it comes to Rs 40,000. You have to keep in mind that you can withdraw the interest amount quarterly. Secondly, SCSS is included in the small savings schemes of the government. The government decides about the interest rate of these schemes every quarter. Therefore, the interest rate may increase or decrease slightly depending on the financial market conditions.

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Senior Citizen Fixed Deposit: These 10 banks are giving good interest on FD to senior citizens, will get better returns

Pravesh Maurya — Fri, 10 Feb 2023 05:29:04 +0000

Senior Citizen Fixed Deposit Interest Rate: If you come under the category of Senior Citizen and you want to invest in Fixed Deposit of a bank, then these 10 banks will give you a higher interest rate for your good returns. are.

Because FD is the main means of preferred investment for senior citizens. Explain that most of the largest lending banks in the country pay 50 basis points (bps) more than the interest given to general customers.

After the repo rate hike by RBI from May 2022, banks are increasing lending as well as deposit rates. Hence, FD investors are happy to see attractive returns on their deposits. With the increase in repo rates the interest rates are going upwards. Repo rate is the rate at which banks borrow money from the Reserve Bank of India (RBI).

Citing sticky core inflation, the Reserve Bank on February 8 raised the benchmark policy rate by 25 basis points to 6.5 per cent. This was the sixth time the interest rate was hiked by the Reserve Bank of India (RBI) since May last year, taking the total quantum of increase to 250 basis points. Here is a list of top lending banks that are offering the highest interest rates on Fixed Deposits for senior citizens.

These 10 banks are giving good interest

Bandhan bank fd rate

600 Days (1 year, 7 months, 22 days) 8.50%

Yes bank fd rate

8.25% for 35 months tenure
8.00% on 25 months tenure

Axis bank fd rate

8.01% for 2 years to 30 months

IDFC First Bank FD Rate

18 Months & 1 Day to 3 Years (549 Days to 3 Years) 8.00%

Indusind bank fd rate

More than 2 years 1 month to less than 2 years 6 months 8.25%
2 years 6 months to less than 2 years 9 months 8.25%
2 Years 9 Months to 3 Years 3 Months 8.25%
For more than 3 years 3 months to less than 61 months 8.00%

Sunrise fd rate

More than 1 year 6 months to 2 years 8.51%
8.01% for more than 2 years 998 days
8.76% for 999 days

RBL bank fd rate

453 to 459 days (15 months) 8.30%
460 to 724 days (15 months 1 day to less than 725 days) 8.30%
8.30% for 725 days

DCB bank fd rate

18 months to less than 700 days 8.00%
700 days 8.00%
More than 700 days Less than 36 months 8.35%
36 months 8.35%
36 months to 60 months 8.10%
60 months to 120 months 8.10%

Equitas Small Finance Bank FD Rate

8.5% for 888 days

FD rates of Ujjivan Small Finance Bank

8.75% on 80 week FD

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Senior Citizen Super Pension Plan! Government has brought a new scheme for senior citizens, will get Rs 18500 pension every month

Pravesh Maurya — Thu, 02 Feb 2023 06:28:01 +0000

Deadline is March 31, 2023

Eligibility for PMVVY

According to the LIC website, senior citizens of India aged 60 years (completed) and above can invest in the PMVVY scheme. There is no upper age limit to buy this plan.

PMVVY Scheme Term and Pension Payment

PMVVY Pension Purchase Price

Interest Rate on PMVVY

PMVVY Pension Purchase Price

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Investment Limit Increased: Good news for senior citizens! Government has increased the investment limit in this scheme

Pravesh Maurya — Wed, 01 Feb 2023 11:05:35 +0000

Budget 2023 : The government has made the biggest announcement for senior citizens in the budget. The government has given the biggest benefit in the savings scheme being run for senior citizens.

The government has increased the investment limit in this scheme. This will help senior citizens to increase their income. The government has increased the investment limit in the monthly income scheme from Rs 4.50 to Rs 9 lakh in the budget.

Government gave gift to senior citizens

The government has increased the investment limit for Senior Citizen Saving Scheme (SCSS) from Rs 4.50 lakh to Rs 9 lakh for singles. Earlier this limit was Rs 4.50 lakh for single which has been increased. For joint investment, the limit has been increased from Rs 15 lakh to Rs 30 lakh. Earlier, the limit of investment was Rs 15 lakh for investment in joint account or name of both senior citizen husband and wife.

Interest on Senior Citizen Monthly Income Scheme

The government is paying 7.60 percent interest on the Senior Citizen Monthly Income Scheme. The government had recently increased the interest on it from 7.40 per cent to 7.60 per cent. In this, the benefit of tax exemption is also available under Section 80C of Income Tax on investment.

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Senior Citizen Highest FD Rate: Women and senior citizens are getting the highest interest rate of 9.36% on FD, see the complete list

Pravesh Maurya — Wed, 25 Jan 2023 10:29:04 +0000

Shriram Finance has recently revised its fixed deposit rates. After the update, up to 9.36 percent interest has been offered to women and senior citizen account holders. Shriram Finance is one of the largest retail NBFC i.e.

Non Banking Financial Company in India. Let us inform that from January 1, 2023, Shriram Finance has increased the interest rates by 5-30 basis points i.e. basis points. The revised rates will be applicable for tenures ranging from 12 months to 60 months. This NBFC is also paying an additional 0.25 percent interest on all renewals. Let us know what are the new rates-

sequence	period	Rate of interest
1.	12 months	7.3 percent
2.	18 months	7.5 percent
3.	24 months	7.75 percent
4.	30 months	8 percent
5.	36 months	8.15 percent
6.	42 months	8.20 percent
7.	48 months	8.25 percent
8.	60 months	8.45 percent

Revised interest rates for senior citizens from January 1-

1	12 months	7.83 percent
2.	18 months	8.04 percent
3.	24 months	8.28 percent
4.	30 months	8.54 percent
5.	36 months	8.69 percent
6.	42 months	8.74 percent
7.	48 months	8.79 percent
8.	60 months	8.99 percent

Revised interest rates for women + senior citizens + renewals from January 1-

1.	12 months	8.21 percent
2.	18 months	8.41 percent
3.	24 months	8.66 percent
4.	30 months	8.92 percent
5.	36 months	9.07 percent
6.	42 months	9.12 percent
7.	48 months	9.17 percent
8.	60 months	9.36 percent

For senior citizens of above age Shriram Finance gives additional interest of 0.5% per annum. NFBC company Shriram Finance also gives an additional 0.10 percent interest to women depositors, while giving an additional 0.25 percent interest on all renewals.

Is it safe to invest in Shriram Finance FD?

Shriram Finance is an NBFC ie Non Banking Finance Company and a part of the Shriram Group. It is one of the largest NFBC in India. However, FDs offered by NBFCs are subject to instructions issued by RBI. These deposits do not get the benefit of deposit insurance guarantee of Rs 5 lakh offered by regular banks as per RBI regulations, so depositors should exercise caution before investing in FD schemes offered by NBFCs.

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New Pension Plan: Good news! Government has brought a new scheme for senior citizens, will get Rs 18500 pension every month

Pravesh Maurya — Sun, 22 Jan 2023 16:04:47 +0000

Deadline is March 31, 2023

Eligibility for PMVVY

According to the LIC website, senior citizens of India aged 60 years (completed) and above can invest in the PMVVY scheme. There is no upper age limit to buy this plan.

PMVVY Scheme Term and Pension Payment

PMVVY Pension Purchase Price

Interest Rate on PMVVY

PMVVY Pension Purchase Price

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Super Pension Plan for Senior Citizen! Government has brought a new scheme for senior citizens, will get Rs 18500 pension every month

Pravesh Maurya — Mon, 09 Jan 2023 11:29:09 +0000

Deadline is March 31, 2023

Eligibility for PMVVY

According to the LIC website, senior citizens of India aged 60 years (completed) and above can invest in the PMVVY scheme. There is no upper age limit to buy this plan.

PMVVY Scheme Term and Pension Payment

PMVVY Pension Purchase Price

Interest Rate on PMVVY

PMVVY Pension Purchase Price

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Railway Discount For Senior Citizen: Senior citizens will get discount in rail fare, Railway Minister issued a statement

Pravesh Maurya — Thu, 05 Jan 2023 11:02:29 +0000

Indian Railway Concession For Senior Citizen: There is great news for those traveling by train. If you are also a senior citizen and are going to travel by train, then a big update has come about the discount on train fare.

Railway Minister Ashwini Vaishnav has given a lot of information about this. Railway is going to restore the concession given to senior citizens (Railway Concession to Senior Citizen). Along with this, talk is going on about the change in the eligibility criteria as well.

Railway Minister issued a statement Let us tell you that before Corona, the government had stopped the discount given to senior citizens in the train, but a statement has been issued by the Railway Minister regarding its restoration. Giving information, Railway Minister Ashwini Vaishnav has said that at present there is no plan to restore this exemption.

Preparations are being made to change the age limit as well, along with this news is coming that the Railway Board is planning to change the age limit of senior citizens, after which the passengers will get relaxation according to the category. At the same time, earlier the Railway Department used to give concessions to all categories of people.

Giving further information, the Railway Minister has said that a subsidy of Rs 59,000 crore has been given for passenger services, which is bigger than the annual budget of many states. At the same time, the annual pension bill of the Railways is about Rs 60,000 crore. Apart from this, the salary bill is Rs 97,000 crore while Rs 40,000 crore is being spent on fuel.

Let us tell you that before the Corona epidemic, women of 58 years and above and men of 60 years and above were given concessions by the Railways. Women used to get 50 per cent discount and men got 40 per cent discount on all categories of tickets.

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New Post Office Super Plan: Doubling money with post office scheme Rs 1,00,000 to Rs 2,00,000 in 124 months , know here complete details

Pravesh Maurya — Thu, 05 Jan 2023 08:28:38 +0000

Post Office scheme: If you want guaranteed returns in the long term, then you can invest in post office schemes. On some schemes of the post office, investors are getting more interest than the fixed deposits (FDs) of many banks.

Post Office Public Provident Fund (PPF), Sukanya Samriddhi Yojana and Senior Citizen Savings Scheme (SCSS) are some of the schemes where you can get more than 7 per cent returns. At the same time, in another popular scheme Kisan Vikas Patra (KVP), you can take advantage of 6.9 percent compound interest annually. Here we will tell what is special in the Kisan Vikas Patra (KVP) scheme.

Kisan Vikas Patra (KVP)

KVP is an interesting scheme. This scheme can double your deposit amount in 10 years and 4 months (124 months) at the prevailing interest rate. If you start a KVP deposit of Rs 1 lakh today, it will increase to Rs 2 lakh in the next 124 months.

The current interest rate of 6.9% on KVP deposits is higher than that of many bank fixed deposits. Let us have a look at some of the key features of this small savings scheme-

Minimum and Maximum Deposit: You can deposit a minimum of Rs 1000 in KVP and then in multiples of Rs 100. There is no maximum limit for investment under this scheme. You can open any number of KVP accounts.
Maturity: The amount deposited under KVP matures as per the period prescribed by the Ministry of Finance from time to time. Currently, if you deposit today, it will mature after 124 months. However, premature withdrawal is allowed in special circumstances.
Transfer : In case of death of the account holder, the KVP account for the nominee/legal heir can be transferred from person to person- to the joint holder on the death of the account holder; On the orders of the Court and mortgage of the account to the Specified Authority.

Should I invest in Small Savings Scheme?

Small savings schemes like KVP offered by the post office offer guaranteed returns to investors who cannot afford to lose their hard earned money. Apart from this, many post office schemes like PPF, SSY and SCSS offer higher interest rates and tax benefits as compared to term deposits of banks.

However, if you are not afraid of taking risks, you can invest in market-oriented schemes like mutual funds and stocks. Here you can get higher returns and double the money faster than in the post office scheme. But before investing in mutual funds or stocks, you should do thorough research and consult a professional financial advisor.

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Indian Railway Concession For Senior Citizen: Senior citizens will get discount in rail fare, Railway Minister issued a statement

Pravesh Maurya — Fri, 30 Dec 2022 11:05:25 +0000

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Senior Citizen Super Pension Plan! Government has brought a new scheme for senior citizens, will get Rs 18500 pension every month

Pravesh Maurya — Thu, 29 Dec 2022 10:04:10 +0000

Deadline is March 31, 2023

Eligibility for PMVVY

According to the LIC website, senior citizens of India aged 60 years (completed) and above can invest in the PMVVY scheme. There is no upper age limit to buy this plan.

PMVVY Scheme Term and Pension Payment

PMVVY Pension Purchase Price

Interest Rate on PMVVY

PMVVY Pension Purchase Price

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Bulk FD Interest Increased: HDFC Bank increased interest on bulk FD for Senior Citizen, check new rate

Pravesh Maurya — Wed, 28 Dec 2022 05:35:45 +0000

HDFC Bank Bulk FD Interest: The country’s largest private sector bank HDFC has increased the interest rates on its bulk FD. Bulk FD includes FD ranging from Rs 2 crore to Rs 5 crore. These new rates have come into effect from today, December 27.

Now the bank is giving interest ranging from 4.50% to a maximum of 7.15% to the common people on bulk FDs.

The country’s largest private sector bank HDFC has increased the interest rates on its bulk FD. Bulk FD includes FD ranging from Rs 2 crore to Rs 5 crore. These new rates have come into effect from today, December 27.

Now the bank is giving interest ranging from 4.50 per cent to a maximum of 7.15 per cent to the common people on bulk FDs. At the same time, senior citizens are being given interest ranging from 5 percent to a maximum of 7.75 percent. The bank is offering FDs ranging from 7 days to 10 years. RBI has increased interest rates in the last few months to control inflation. After increasing the repo rate of RBI, many banks have increased their interest rates. Many big banks of the country are included in this list.

HDFC Bank interest rates on FDs above Rs 2 crore and up to Rs 5 crore

7 days to 14 days: For general public – 4.50 per cent; For Senior Citizen – 5.00 percent

15 days to 29 days: For general public – 4.50 per cent; For Senior Citizen – 5.00 percent

30 days to 45 days: For general public – 5.25 per cent; For Senior Citizen – 5.75 percent

46 days to 60 days: For general public – 5.50 per cent; For Senior Citizen – 6.00 percent

61 days to 89 days: For general public – 5.75 per cent; For Senior Citizen – 6.25 percent

less than 90 days equal to 6 months: for general public – 6.10 per cent; For Senior Citizen – 6.60 percent

6 months 1 day to less than 9 months: For general public – 6.35 per cent; For Senior Citizen – 6.85 percent

9 months 1 day to less than 1 year: For general public – 6.50 per cent; For Senior Citizen – 7.00 percent

1 year to less than 15 months: For general public – 6.75 per cent; For Senior Citizen – 7.25 percent

15 months to less than 18 months: For general public – 7.15 per cent; For Senior Citizen – 7.65 percent

18 months 1 day to less than 21 months: For general public – 7.15 per cent; For Senior Citizen – 7.65 percent

21 months to 2 years: For general public – 7.15 per cent; For Senior Citizen – 7.65 percent

2 years 1 day to 3 years: For general public – 7.00 per cent; For Senior Citizen – 7.50 percent

3 years 1 day to 5 years: For general public – 7.00 per cent; For Senior Citizen – 7.50 percent

5 years 1 day to 10 years: For general public – 7.00 per cent; For Senior Citizen – 7.75 percent.

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Senior Citizen FD Rate Increased: SBI, HDFC, PNB, ICICI Bank increased interest rates on FD for Senior Citizen

Pravesh Maurya — Sat, 24 Dec 2022 10:01:19 +0000

Senior Citizen FD Rate: Recently, the Reserve Bank of India (RBI) had increased the repo rate by 35 basis points, due to which it has increased to 6.25 percent. After this decision of RBI, many banks have increased the interest rates of Fixed Deposit (FD) for senior citizens.

Senior citizens get higher interest in fixed deposits as compared to other investors. Here we have compared the interest rates offered to senior citizens by big banks like State Bank of India (SBI), HDFC Bank, Canara Bank and ICICI Bank and Punjab National Bank (PNB). Let us know in which bank you will get the highest return on deposit.

HDFC Bank

HDFC Bank has increased the interest rate on FDs of less than Rs 2 crore. Now senior citizens will get 3.50% to 7.50% interest on FDs of 7 days to 10 years. At the same time, the bank is offering the highest interest rate of 7.75 per cent to senior citizens. According to the official website of the bank, the new rates are effective from December 14, 2022. Common investors will get up to 7% interest on FDs ranging from 5 years 1 day to 10 years. On the other hand, if you are a senior citizen then you will be given 7.75% return.

State Bank of India (SBI)

The country’s largest public sector bank SBI has increased the interest rates on FDs of less than Rs 2 crore by 65 basis points. The new rates have come into effect from December 23. After the hike, senior citizens will get 3.50% to 7.25% interest for a period of 7 days to 10 years. The bank has increased the interest rate on deposits from 211 days to less than one year from 5.50 percent to 5.75 percent. There itself. Senior citizens will get 6.25 percent interest on this.

FDs of 1 year to less than 2 years will now fetch 6.75 per cent interest, while senior citizens will get 7.25 per cent interest on it.
Senior citizens will now get 7.25 per cent interest as against 6.75 per cent on FDs of 2 years to less than 3 years.
Senior citizens will now get 6.75% interest on FDs for a period ranging from 3 years to less than 5 years.
Apart from this, up to 7.25 percent interest will be available for a period ranging from 5 years to 10 years.

Punjab National Bank (PNB)

According to the bank’s website, senior citizens will be given 50 basis points more interest on any FD than general depositors. The bank is offering interest rates ranging from 4% to 7.75% for senior citizens on FDs below Rs 2 crore for tenures ranging from 7 days to 10 years.

ICICI Bank

ICICI Bank has increased interest rates by up to 60 basis points on FDs up to Rs 2 crore. The increased FD rates are applicable from December 16, 2022. After the hike, the interest rate offered by the bank ranges from 3.5% to 7.50% for tenures ranging from 7 days to 10 years. If you do FD for a period ranging from 5 years 1 day to 10 years, then you will get 6.90 percent return. At the same time, senior citizens will get 7.50 percent interest on it.

Canara Bank

Public Sector Bank, Canara Bank has increased the interest rates on FDs of less than Rs 2 crore. According to the official website of the bank, the new rates are applicable from December 19, 2022. The bank is offering senior citizens an interest rate of 3.25% to 7.50% on FDs maturing in 7 days to 10 years.

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Pension Plan for Senior Citizen! Government has brought a new scheme for senior citizens, will get Rs 18500 pension every month

Pravesh Maurya — Thu, 22 Dec 2022 13:29:53 +0000

Deadline is March 31, 2023

Eligibility for PMVVY

According to the LIC website, senior citizens of India aged 60 years (completed) and above can invest in the PMVVY scheme. There is no upper age limit to buy this plan.

PMVVY Scheme Term and Pension Payment

PMVVY Pension Purchase Price

Interest Rate on PMVVY

PMVVY Pension Purchase Price

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Railway issued New Rules : Railway’s gift regarding senior citizens. Know here new guideline

Pravesh Maurya — Sat, 17 Dec 2022 14:29:35 +0000

Indian Railways has given a big gift to the senior citizens. After which the senior citizen will easily get the lower berth confirmed. Let’s know the new guideline of railways

Indian Railways: With the help of Indian Railways, lakhs of passengers travel from one place to another every day. The railways also keeps on upgrading its services continuously for them. Similarly, IRCTC also makes new rules and eases old rules. However, still many passengers keep complaining of various kinds. Similarly, senior citizens complain that they do not get a lower berth easily.

Recently a Twitter user tweeted that I booked a ticket for my uncle last evening (PNR 2448407929) in which I had opted for lower berth in first preference as he has amputated one leg and is in upper or middle berth. I cannot travel. But despite that I got the upper berth.

In response to this tweet, IRCTC explained why the person did not get the lower berth. IRCTC said in the tweet, “Sir, PNR no. 2448407929 is booked under general quota. You can give preference for lower berth in general quota but allotment of berths depends on availability. After that you have to select “Reservation Choice Book only if lower berth is allotted”

In another tweet, IRCTC further wrote, “Please note that the allotment of lower berths in general quota is completely subject to availability and there is no human intervention. Also, you can approach the on duty TTE who is authorized to provide vacant lower berths to the needy…

As per the rules, the quota of six lower berths per coach in sleeper class and 3 lower berths in AC-3 tier and AC-2 tier class in all trains with reserved sleeping class has been fixed for senior citizens. At the same time, if any of the lower berths are vacant after the departure of the train, then at the request of any handicapped person, senior citizen or pregnant woman, who has got the upper or middle berth, the same will be done by the on-board ticket checking staff by making necessary changes in the chart. The seats below can be allotted.

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Indian Railway Ticket big discount for Senior Citizen: Senior citizens will get discount in rail fare again! check details instantly

Pravesh Maurya — Fri, 16 Dec 2022 11:29:51 +0000

Rail Ticket Concession: There is important news for rail passengers. During the Corona epidemic, the concessions given to senior citizens in tickets were abolished, which is waiting to start. But in the meantime big information has been received from the sources. Let’s know the latest updates.

There is important news for those traveling by rail. The Indian Railways is planning to resume the service of concession tickets to passengers of other categories including senior citizens and sportspersons who were closed during the Corona period. Actually, after the criticism, the Railways is considering reinstating concessions for senior citizens, but it is possible that it will be only for the general and sleeper category.

Senior citizens will get discount in rail fare again!

According to the information received from the sources, the government can change its terms and conditions like age criteria. It may happen that the government provides concessional fare facility to people above 70 years which was earlier for women of 58 years and men of 60 years. Sources have indicated that the main reason behind this is to adjust the financial burden on the railways by giving these concessions while retaining the subsidy for the elderly.

Earlier discount was available

It is worth noting that before March 2020, in the case of senior citizens, the Railways used to give 50 percent discount to women and 40 percent to men for traveling in all classes in the case of senior citizens. The minimum age limit for taking this exemption from the Railways was 58 for elderly women and 60 years for men. But after the Corona period, all the concessions available to them have been abolished.

information given by sources

A source said, “We understand that these concessions help the elderly and we have never said that we are going to do away with it completely. We are reviewing it and will take a decision on it. Sources indicated that the Railway Board is contemplating to change the age criteria for concession of senior citizens and make it available only to those above 70 years of age. This will limit the obligations of the Railways.

Facility closed since 2020

Before being withdrawn during the coronavirus pandemic in 2020, the senior citizen concession was for women aged 58 years and above and men aged 60 years and above. Women were eligible for 50 percent relaxation, men and transgender could avail 40 percent relaxation in all categories. Another provision that the Railways is considering is to limit the concessions to non-AC class travel only. A source said, “The logic is that if we restrict it to sleeper and general categories, then we will accommodate 70 per cent passengers. These are some of the options that we are looking at and nothing has been finalised.’

Railways is also considering this

Railways is also considering another option, that is to introduce ‘Premium Tatkal’ scheme in all trains. This will help generate higher revenue, which can be useful in bearing the burden of concessions. This scheme is currently applicable in about 80 trains. Premium Tatkal scheme is a quota introduced by Railways to reserve certain seats with dynamic fare pricing.

This quota is for the convenience of last-minute travel planners who are willing to spend a little extra. Premium Tatkal fare is inclusive of basic train fare plus additional tatkal charges. Last week, Railway Minister Ashwini Vaishnav, in reply to a question in Parliament, said that the cost of giving concessions is heavy on the Railways. “In view of the various challenges, it is not desirable to expand the scope of concessions to all categories of passengers including senior citizens,” he had said.

Rail travel becomes expensive for the elderly

Actually, the big reason behind giving concession to senior citizens was that most of the elderly lack the source of income. After this, after the start of the corono epidemic (Covid 19 Pandemic) in March 2020, the government has suspended the concessions given to them for rail travel, in such a situation, rail travel is expensive for senior citizens. is falling.

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Indian Railways: Good News! Senior citizens will get such a discount in rail fare

Pravesh Maurya — Thu, 15 Dec 2022 06:29:26 +0000

Indian Railways : The committee said that the concessions abolished in various categories of senior citizens during the Covid epidemic about two and a half years ago should be reviewed again.

Radha Mohan Singh, chairman of the Parliament’s Standing Committee on Railways, has mentioned this in the report presented in Parliament recently.

The committee said, the railways had stopped the concessions given to senior citizens in various categories in view of the epidemic and Covid protocol. In this, 50 percent concession was given to women above the age of 58 years and 40 percent to men above 60 years of age.

The committee said that the railways is now moving towards normalcy, so they should give prudent consideration to the concessions given in different categories.

The committee wants that the concession being given to senior citizens before Covid should be reviewed and at least the sleeper, AC-3 should be considered for immediate concession. Railways used to give concession in 54 categories before the Corona epidemic.

The Ministry of Railways has clarified that concession has been started in 11 categories including four categories of Divyang, patients and students, but there is no idea to give exemption to senior citizens at present. It should be noted that railways gives concession in rail fare ranging from 10 to 100 percent in more than 50 classes.

There was relaxation in these categories

Railway Prime Minister-President Awardee, Senior Citizen, Sportsman, Artist, Widow, Student, Deaf, Deaf, Blind, Handicapped, Mental Patient, Disabled Passenger, Sportsman, Artist, Film Technician, Police, Army, Paramilitary killed while fighting terrorism Concession was given to the widows of force personnel etc. Senior citizens get 80 percent of the concessions given by the Railways in different categories.

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Senior Citizen Super Pension Plan! Government has brought a new scheme for senior citizens, will get Rs 18500 pension every month

Pravesh Maurya — Mon, 12 Dec 2022 11:28:53 +0000

Deadline is March 31, 2023

Eligibility for PMVVY

According to the LIC website, senior citizens of India aged 60 years (completed) and above can invest in the PMVVY scheme. There is no upper age limit to buy this plan.

PMVVY Scheme Term and Pension Payment

PMVVY Pension Purchase Price

Interest Rate on PMVVY

PMVVY Pension Purchase Price

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Railway Concession to Senior Citizen: Senior citizens will get discount in rail fare again! check details instantly

Pravesh Maurya — Sat, 10 Dec 2022 13:28:10 +0000

Senior citizens will get discount in rail fare again!

Earlier discount was available

information given by sources

Facility closed since 2020

Railways is also considering this

Rail travel becomes expensive for the elderly

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Retirement Age Increased: Retirement age of employees may increase, pension amount will also increase

Pravesh Maurya — Tue, 06 Dec 2022 12:04:03 +0000

Employees are soon getting not one but two great news. According to the latest information, along with increasing the retirement age of the employees, the idea of starting a universal pension system is being considered. Which will have a direct impact on the pension of the employees.

The central government can soon give good news to the employees. The retirement age and pension amount of employees can be increased. This proposal has been issued by the Economic Advisory Committee to the Prime Minister. In this, there has been talk of increasing the working age limit of people in the country.

Along with this, the Economic Advisory Committee of the PM has said that along with increasing the retirement age in the country, Universal Pension System should also be started.

Senior Citizen Safety

According to the report, under this suggestion, a minimum pension of Rs 2000 should be given to the employees every month. Let us tell you that the Economic Advisory Committee has recommended better arrangements for the safety of senior citizens in the country.

Skill development is also important

According to this report, there is a dire need to raise the retirement age if the working age population is to increase. This can be done to reduce the pressure on the social security system. The report also talks about skill development for persons above 50 years of age.

Governments should make policy

It has been said in the report that the central and state governments should formulate such policies so that skill development can be done. This effort should also include those living in the unorganized sector, remote areas, refugees, migrants who do not have the means to get training, but they must be trained.

World Population Prospectus 2019 Report

It is worth noting that according to the World Population Prospectus 2019, there will be around 32 crore senior citizens in India by the year 2050. That is, about 19.5 percent of the country’s population will go into the category of retired. In the year 2019, about 10 percent of India’s population or 140 million people are in the category of senior citizens.

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Income Tax Payer Good News: Income Tax Payer is getting benefit of Rs 3.5 lakh, know details immediately

Pravesh Maurya — Mon, 05 Dec 2022 10:29:13 +0000

Tax saving Idea: If you are an Income Tax Payer, then this news can be of use to you. You can get the benefit of Rs 3.5 lakh. Bank FDs are a safe and a better way of fixed income. The country’s largest bank SBI is paying 5.50 percent annual interest to the general customer and 6.30 percent to the senior citizen on its 5-year tax saver FD. Tax deduction up to Rs 1.5 lakh can be availed under Section 80C of Income Tax in Tax Saver FD.

1.83 lakh interest on 5 lakh deposit

According to the FD calculator, if you deposit a lump sum deposit of Rs 5 lakh in SBI for 5 years, then on maturity you will get Rs 6,57,033. In this, interest of Rs 1,57,033 will be earned. On the other hand, if you are a senior citizen, then on an FD of Rs 5 lakh, you will get Rs 6,83,450 on maturity. In this, there will be an income of Rs 1,83,450 from interest.

SBI Wecare Deposit for Senior Citizen

SBI is running SBI Wecare Scheme for Senior Citizens in Retail Term Deposit / Fixed Deposit. In this scheme, in addition to 0.50 percent, 0.30 percent ie 0.80 percent more interest is being offered to all senior citizens on FDs with tenure of 5 years or more. The bank has extended this scheme till 30 September 2022.

Interest rates of banks

Apart from SBI, Punjab National Bank (PNB) is offering 5.25 per cent annual interest to common customers and 5.75 per cent per annum to senior citizens on its 5-year tax saver FDs. At the same time, HDFC Bank is paying 5.45 percent annual interest to the common customer and 5.95 percent to the senior citizens for FDs above 5 years. Apart from this, if we talk about the tax saver FD of ICICI Bank of the private sector, it is paying 5.45 percent annual interest to common customers and 5.95 percent to senior citizens.

Tax saving on FD up to 1.5 lakhs

Fixed Deposit / Term Deposit of banks is considered safe. This is a good option for risk-averse investors. Tax benefit of tax exemption is available in section 80C on 5 years tax saving FD. You can save tax up to Rs 1.5 lakh in banks. It has a lock-in period of 5 years. However, keep in mind that the return on maturity of the tax saving FD is taxable.

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Senior Citizen Best Pension Scheme: Government will give pension up to Rs 18,500 to senior citizens in this scheme, know details here

Pravesh Maurya — Fri, 02 Dec 2022 07:29:08 +0000

If you want to secure your old age, then you must know about Pradhan Mantri Vaya Vandana Yojana (PMVVY) of the Government of India. This pension scheme was launched by the Central Government on May 4, 2017 keeping in mind the needs of senior citizens.

Life Insurance Corporation of India (LIC) is running this scheme. If both husband and wife invest together under this scheme, then they can get a monthly pension of up to Rs 18,500 in old age. Know here the important things related to PMVVY.

Any senior can invest

To take advantage of this pension scheme, any senior citizen can invest in it. Earlier the limit for investing in this scheme was Rs 7.50 lakh, but now it has been increased to Rs 15 lakh. 7.4 percent interest is available in PMVVY. If both husband and wife separately invest Rs 15-15 lakh in this scheme, then they can get a monthly pension of up to Rs 18,500 from the government every month. But you have to invest for this before 31 March 2023

Pension benefit according to investment

Under Pradhan Mantri Vaya Vandana Yojana, monthly pension is available for a minimum of Rs 1000 and a maximum of Rs 9250. This pension depends on your invested amount. If you invest Rs 1.50 lakh in this, then you are given Rs 1000 monthly as pension, whereas if you invest Rs 15 lakh, you get Rs 9,250 as pension.

Understand the calculation of pension of Rs 18,500

If you invest Rs 15 lakh in this scheme, then you will get an annual interest of 7.40% on it, which will be Rs 1,11,000 in total. If you divide this amount in 12 parts, then a total of Rs 9,250 will be made. In this way you will get Rs 9,250 as pension every month. On the other hand, if husband and wife invest Rs 15 lakh each i.e. a total of Rs 30 lakh, then both will get Rs 9,250 separately i.e. a total of Rs 18,500 as pension.

Will get pension for 10 years

Under this scheme, the person is given the benefit of pension for 10 years, after 10 years the invested amount is returned with the last payment of pension. But if you want, you can surrender anytime before 10 years after the start of this scheme. In this, you are also given the option of monthly, quarterly, half-yearly and annually to get pension. You can choose this option of your own free will.

How to apply

To apply for the scheme, one has to apply by visiting the official website of LIC. If you want, you can also apply offline. The first installment of pension will be received after one month, three months, six months or one year of your investment. It depends on which option you have chosen for pension, monthly, quarterly, half yearly or yearly.

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Income Tax Payer Good News: Income Tax Payer is getting benefit of Rs 3.5 lakh, know details immediately

Pravesh Maurya — Fri, 25 Nov 2022 09:03:44 +0000

1.83 lakh interest on 5 lakh deposit

SBI Wecare Deposit for Senior Citizen

Interest rates of banks

Tax saving on FD up to 1.5 lakhs

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Senior Citizen Super Pension Plan! Government has brought a new scheme for senior citizens, will get Rs 18500 pension every month

Pravesh Maurya — Wed, 23 Nov 2022 15:05:20 +0000

Deadline is March 31, 2023

Eligibility for PMVVY

According to the LIC website, senior citizens of India aged 60 years (completed) and above can invest in the PMVVY scheme. There is no upper age limit to buy this plan.

PMVVY Scheme Term and Pension Payment

PMVVY Pension Purchase Price

Interest Rate on PMVVY

PMVVY Pension Purchase Price

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Indian Railway Ticket big discount for Senior Citizen: Senior citizens will get discount in rail fare again! check details instantly

Pravesh Maurya — Fri, 18 Nov 2022 13:28:12 +0000

Senior citizens will get discount in rail fare again!

Earlier discount was available

information given by sources

Facility closed since 2020

Railways is also considering this

Rail travel becomes expensive for the elderly

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Senior Citizen Best Pension Scheme: You will get 5000 rupees every month for life, know full details

Pravesh Maurya — Thu, 17 Nov 2022 10:29:58 +0000

The government had started the Atal Pension Yojana, so that those who earn their livelihood by doing farming or hard work or doing small business should also get income in their old age.

By September 30, 2022, anyone could get themselves registered under this pension scheme, but from October 1, its rules have changed. Now only those people can take advantage of this scheme, who do not come in the income tax slab. People in the age group of 18 years to 40 years can register in it.

Your pension depends on contributions

Under the Atal Pension Yojana, after the age of 60 years, people are given the benefit of monthly pension ranging from Rs 1000 to Rs 5000. The amount of pension you will get depends on your contribution. If you also want to secure your old age and want to take advantage of Rs 5000 under this scheme, then know here at what age you will have to pay how much monthly contribution, so that at the age of 60 you can get Rs 5000 a month.

Bank account required for contribution

Under this scheme, you get the facility of depositing the contribution in monthly, quarterly and half-yearly terms. If you opt for monthly, you will have to deposit the age-wise contribution every month if you opt for quarterly, every three months if you opt for quarterly and every six months if you opt for half-yearly. For this, it is necessary to have a bank account because, the money of your contribution in the scheme will be deducted from your bank account and you will also get pension through the bank account. If you already have a bank account, then you can get it linked to the Atal Pension Yojana. Once you subscribe to Atal Pension Yojana, you have to contribute continuously till the age of 60 years.

At what age how much contribution for pension of 5000

If you want to get a pension of Rs 5000 every month on old age and open an account at the age of 18, then you will have to deposit Rs 210 monthly, Rs 626 quarterly and Rs 1239 half-yearly. On starting the contribution at the age of 19, Rs 228 will have to be paid monthly, Rs 679 quarterly and Rs 1346 half-yearly. At the age of 20 years Rs 248, Rs 739, Rs 1464 on monthly, quarterly and half yearly basis, at the age of 21 years Rs 269, Rs 802, Rs 1588, at 22 years Rs 292, Rs 870, Rs 1723, 23 years At the age of Rs.318, Rs.948, Rs.1877, starting from 24 years, Rs.346, Rs.1031, Rs.2042 will have to be paid on monthly, quarterly and half-yearly basis respectively.

If you start contributing under this scheme at the age of 25, then you will have to pay Rs 376 monthly, Rs 1121 quarterly and Rs 2219 on a half-yearly basis. 26 years Rs 409, Rs 1219 and Rs 2414, 27 years Rs 446, Rs 1329, Rs 2632, 28 years Rs 485, Rs 1445, Rs 2862, 29 years Rs 529, Rs 1577 , 3122 will have to be paid on monthly, quarterly and half yearly basis respectively.

On registration at the age of 30 years, Rs 577 will have to be paid for monthly contribution, Rs 1720 for quarterly and Rs 3405 for half-yearly option. Similarly, Rs 630, Rs 1878, Rs 3718 at the age of 31, Rs 689 at 32, Rs 2053, Rs 4066 at the age of 33, Rs 752 at the age of 33, Rs 2241 and Rs 4438 at the age of 34 But Rs 824 will have to be paid on monthly basis, Rs 2456 on quarterly and Rs 4863 on half yearly basis.

Rs 902, Rs 2688, Rs 5323 at the age of 35 and Rs 990, Rs 2950, Rs 5843 at the age of 36, Rs 1087 at the age of 37, Rs 3239, Rs 6415, Rs 1196 at the age of 38, Rs 3564, Rs 7058 and if you register at the age of 39 years, then you will have to deposit Rs 1318 monthly, Rs 3928 quarterly and Rs 7778 annually, till your age is 60 years. In this way, after giving full contribution for 60 years, after 60, you start getting this money in the form of lifelong pension like the government.

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Senior Citizen Super Pension Plan! Government has brought a new scheme for senior citizens, will get Rs 18500 pension every month

Pravesh Maurya — Mon, 14 Nov 2022 10:02:36 +0000

Deadline is March 31, 2023

Eligibility for PMVVY

According to the LIC website, senior citizens of India aged 60 years (completed) and above can invest in the PMVVY scheme. There is no upper age limit to buy this plan.

PMVVY Scheme Term and Pension Payment

PMVVY Pension Purchase Price

Interest Rate on PMVVY

PMVVY Pension Purchase Price

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Railway Concession to Senior Citizen: Good News! Senior citizens will getcin rail fare again! check details instantly

Pravesh Maurya — Thu, 03 Nov 2022 16:28:57 +0000

Senior citizens will get discount in rail fare again!

Earlier discount was available

information given by sources

Facility closed since 2020

Railways is also considering this

Rail travel becomes expensive for the elderly

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PNB increased interest rates on FD, common citizen will get 3.50% to 6.10% interest while senior citizen will get 7.80%

Pravesh Maurya — Thu, 27 Oct 2022 08:05:30 +0000

New Delhi. Public sector lender Punjab National Bank has increased interest rates by up to 75 bps on fixed deposits (FD rates) of less than ₹ 2 crore.

According to the official website of the bank, the new rates are effective from today 26 October 2022. After the revision, the bank is now offering interest rates ranging from 3.50% to 6.10% on deposits maturing in 7 days to 10 years.

Punjab National Bank is now offering a maximum interest rate of 7% for general public, 7.50% for senior citizens and 7.80% for super senior citizens. Citizens PNB is offering an additional 80 basis points (BPS) on Fixed Deposits (FDs) for senior citizens above the age of 80 years. Additional interest rate is available on all tenors ranging from 7 days to 10 years.

Check Latest FD Rate

— On deposits maturing in 46 to 90 days, the bank has increased the interest rate from 3.75% to 4.50%.
The interest rate on deposits maturing in less than 1 year from 180 days has been increased from 5% to 5.50%.
The interest rate on deposits maturing in 1 year has increased from 5.70% to 6.30%.
Bank has increased the interest rate on deposits maturing in 600 days from 6.50% to 7%. Whereas super senior citizens will get interest at the rate of 7.80%.
– Deposits maturing in 601 days to 2 years will now get an interest rate of 6.30% as against 5.70% earlier.
PNB has increased the interest rates on deposits maturing in 2 to 3 years by 45 bps from 5.80% to 6.25%.
Interest rates on deposits maturing in 3 to 5 years have been increased by 30 bps.
The bank has increased the interest rate on deposits maturing in 5 to 10 years from 5.85% to 6.10%.

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New Guidelines issued for Railway : Railway’s gift regarding senior citizens. Know here new guideline

Pravesh Maurya — Tue, 25 Oct 2022 03:00:56 +0000

Indian Railways has given a big gift to the senior citizens. After which the senior citizen will easily get the lower berth confirmed. Let’s know the new guideline of railways

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Railway Ticket big discount for Senior Citizen: Senior citizens will get discount in rail fare again! check details instantly

Pravesh Maurya — Wed, 19 Oct 2022 00:29:09 +0000

Senior citizens will get discount in rail fare again!

Earlier discount was available

information given by sources

Facility closed since 2020

Railways is also considering this

Rail travel becomes expensive for the elderly

The post Railway Ticket big discount for Senior Citizen: Senior citizens will get discount in rail fare again! check details instantly first appeared on Rightsofemployees.com.

Senior Citizen Best retirement Plan: You will get ₹ 1,14,000 every year after retirement, earn a strong return of 5 lakh 70 thousand rupees in 5 years, here is the trick

Pravesh Maurya — Wed, 05 Oct 2022 12:05:34 +0000

The old generation of the country still considers traditional investment right. This is the reason that even today the attractiveness of fixed deposit and post office schemes has not diminished. Especially for the elderly, post office schemes are a good option.

Along with the security of money, there is also a guarantee of returns. At the same time, there is a facility to double your pension in a short time. Today we will talk about one such scheme, in which senior citizens get good returns and the money invested is completely safe. This is such a scheme, in which customers will get Rs 1,14,000 every year on investment. Let us tell you about this special scheme…

Senior Citizen Saving Scheme (SCSS)

Investors get huge benefits on the Senior Citizen Saving Scheme of the Post Office. Recently, the central government has also increased the interest on this scheme. For the October-December quarter, the interest has been reduced to 7.6 per cent. The government reviews the interest every quarter. Till December, 7.6 percent interest will be available in the scheme.

Income tax benefit is also available

In the Senior Citizen Scheme of the Post Office, there is a provision of tax exemption along with good returns. Under the Income Tax Act, a deduction of up to Rs 1.5 lakh is available in section 80C. If the interest you get is more than 50,000 then you will have to pay tax on it.

What is the investment limit?

A minimum investment of Rs 1000 can be made in this scheme. After this the investment can be increased in the multiple of 1000. The maximum investment limit in the scheme is Rs 15 lakh. The maturity period is 5 years. Account holders can extend the scheme for another 3 years after maturity.

How to get Rs 1,14,000
If an investor has invested in this government scheme on the maximum limit of Rs 15 lakh, then he will get Rs 28,500 every quarter at an interest of 7.6 percent. At the same time, if we see the annual profit, then it will be Rs 1,14,000. If you look at the investment of five years, then your investment is 15 lakh rupees. But, the earning from interest only was Rs 5 lakh 70 thousand.

double benefit in joint account
If you open a joint account, then the max
imum investment limit will increase to Rs 30 lakh. After doubling the investment amount, the interest will also double to Rs 2.28 lakh.

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Good News for Senior Citizen ! Government increased interest rates on Senior Citizens Savings Scheme, check here new rate Quickly

Pravesh Maurya — Fri, 30 Sep 2022 04:41:42 +0000

There is big news for those investing in small schemes like Sukanya Samriddhi Yojana, FD, Kisan Vikas Patra. The Central Government on Thursday announced new interest rates for the Small Savings Scheme for the third quarter (October-December).

Under this, the government has increased the interest rate on small savings schemes by up to 30 basis points for the quarter starting October 1. After this announcement, the 3-year fixed deposit in post offices has increased to 5.8 percent from the current 5.5 percent.

Government hikes interest rates

Under this announcement, the government has increased the interest rate for Senior Citizen Savings Scheme from 7.4% to 7.6%, for Kisan Vikas Patra from 6.9% to 7 percent and for fixed deposits of two and three years. Not only this, there has also been a change in the tenure regarding Kisan Vikas Patra. Let us tell you that now the maturity of KVP with 7 percent interest rate has been increased to 123 months.

No change in these plans

On the other hand, investors of savings deposits, 1-year, 5-year FD, National Saving Certificate (NCS), Sukanya Samriddhi Yojana, Public Provident Fund (PPF) have suffered a major setback, as there is no change in the interest rates on these schemes. has not been done. The investors of these schemes will continue to get the same interest rates as before. Although RBI

RBI meeting tomorrow

It is worth noting that any announcement in such schemes was made after the meeting of RBI. But this time the government has announced it a day before. Actually, the meeting of the MPC of Reserve Bank of India began on September 28 and will end on September 30. In such a situation, it is expected that the policy rates may be revised tomorrow.

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Post Office New Plan: Doubling money with post office scheme Rs 1,00,000 to Rs 2,00,000 in 124 months , know here complete details

Pravesh Maurya — Mon, 19 Sep 2022 13:05:46 +0000

Kisan Vikas Patra (KVP)

The current interest rate of 6.9% on KVP deposits is higher than that of many bank fixed deposits. Let us have a look at some of the key features of this small savings scheme-

Minimum and Maximum Deposit: You can deposit a minimum of Rs 1000 in KVP and then in multiples of Rs 100. There is no maximum limit for investment under this scheme. You can open any number of KVP accounts.
Maturity: The amount deposited under KVP matures as per the period prescribed by the Ministry of Finance from time to time. Currently, if you deposit today, it will mature after 124 months. However, premature withdrawal is allowed in special circumstances.
Transfer : In case of death of the account holder, the KVP account for the nominee/legal heir can be transferred from person to person- to the joint holder on the death of the account holder; On the orders of the Court and mortgage of the account to the Specified Authority.

Should I invest in Small Savings Scheme?

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Post Office New Plan: Doubling money with post office scheme Rs 2,00,000 to Rs 4,00,000 in 124 months , know here complete details

Pravesh Maurya — Wed, 14 Sep 2022 13:05:50 +0000

Kisan Vikas Patra (KVP)

The current interest rate of 6.9% on KVP deposits is higher than that of many bank fixed deposits. Let us have a look at some of the key features of this small savings scheme-

Minimum and Maximum Deposit: You can deposit a minimum of Rs 1000 in KVP and then in multiples of Rs 100. There is no maximum limit for investment under this scheme. You can open any number of KVP accounts.
Maturity: The amount deposited under KVP matures as per the period prescribed by the Ministry of Finance from time to time. Currently, if you deposit today, it will mature after 124 months. However, premature withdrawal is allowed in special circumstances.
Transfer : In case of death of the account holder, the KVP account for the nominee/legal heir can be transferred from person to person- to the joint holder on the death of the account holder; On the orders of the Court and mortgage of the account to the Specified Authority.

Should I invest in Small Savings Scheme?

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Senior citizen For New card: Make this card a senior citizen, get thousands of benefits, know here complete process

Pravesh Maurya — Tue, 16 Aug 2022 12:08:08 +0000

Senior citizen card: In view of the large number of senior citizens and their everyday difficulties, the government makes senior citizens cards. This card is made for senior citizens above 60 years of age, also known as Senior Citizen ID Card. This card is also a kind of identity card which tells the details of the cardholder.

With the help of this card, many special facilities are given to senior citizens. Along with the government, the benefits of private schemes are also given with the help of this card. In this card, senior citizen’s blood group, emergency contact number, allergy and other medication details are given. So let’s know how to make Senior Citizen ID Card.

Senior citizens card is made by the state governments at their level. For this, one has to apply on the online website of the state government. Some documents also have to be submitted along with the application so that the process of verification of the application can be completed.

Documents for 1-age proof can be given for this Passport, PAN Card, School Leaving Certificate

2- The documents of the residence certificate
can give valid documents such as ration card, passport, election card, electricity or phone bill which is in the name of the applicant.

3-Medical information papers
, blood report, medication and allergy report have to be given in this

4- 3 stamp size photographs are also to be attached

How to apply

For making Senior Citizen ID card, you have to apply on the website of the state government. Its form is available only on the state government website where it can be filled online. If you live in Delhi and want to make Delhi Senior Citizen ID Card, then you can click on this link http://www.delhipolice.nic.in/seniorcitizen/index.html. Similarly, forms are also available on the online websites of other state governments where they can be filled and applied.

The applicant has to register and submit the application form along with two photographs and one copy of address proof and one age proof document. Thereafter, the applicant can proceed with the registration process. Every applicant who has submitted the required documents and completed the registration process will receive a Senior Citizen Identity Card after the approval of the application and verification of the documents.

For more information or for other information regarding the application process for obtaining a Senior Citizen Identity Card, one can contact the officials on the toll-free number 1291 or 100.

Benefits of Senior Citizen Card

Earlier, senior citizens were given concession in fare in the railways, but now it is closed. However, even now a separate ticket counter is provided. Discounts are given in flight tickets. Income tax is less as compared to others, as well as exemption from filing returns in some cases. FD earns more interest than the general public.

Post office investment scheme offers more benefits and facilities than common people. Free treatment is given in government hospitals and treatment is given at subsidized rates in government hospitals. If applying for government company MTNL and BSNL, exemption in registration charge and monthly rental charge is also waived.

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Good News Income Tax Payer : Income Tax Payer is getting benefit of Rs 3.5 lakh, know details immediately

Pravesh Maurya — Thu, 28 Jul 2022 05:29:43 +0000

1.83 lakh interest on 5 lakh deposit

SBI Wecare Deposit for Senior Citizen

Interest rates of banks

Tax saving on FD up to 1.5 lakhs

The post Good News Income Tax Payer : Income Tax Payer is getting benefit of Rs 3.5 lakh, know details immediately first appeared on Rightsofemployees.com.

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Ayushman Bharat Yojana: Portal ready for the senior citizen, registration will start soon

Ayushman Bharat Yojana: Elderly people above 70 years of age have also been included in the Ayushman Bharat Yojana. Cards will soon be made for them. A portal has been prepared for this.

Treatment of these diseases

Also Read: Property Rights: Can a husband sell his wife’s property? Know the rules and regulations

12 crore families included

How to apply for PMJAY

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Bank New FD Rate: Senior citizen customers will get up to 7.75% interest on 1 year investment, Know the details

State Bank of India (SBI) is offering 6.80 per cent interest to its general customers and 7.30 per cent interest to its senior citizen customers on 1-year fixed deposits.

Here you are getting 7.75% interest

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SBI is giving more than 7% interest

Senior Citizen Loan: You will get loan easily even after 60 years of age, just keep these things in mind

Senior Citizen Loan: You will get loan easily even after 60 years of age, just keep these things in mind

New Update for Senior Citizens! Rules of Senior Citizen Saving Scheme changed, check details

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New Pension For Senior Citizen! By saving 100 rupees, you will get a pension of 57 thousand rupees every month

Great news for Senior Citizen ! Ticket prices reduced, only half the fare will be charged for the journey

Bank FD Rate Change: This bank changes FD interest rates, senior citizens will get 8.25% interest

Senior Citizen Fare Concession: The government has stopped giving concession on rail fare to the elderly

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Senior Citizen Super Pension Plan! Government has brought a new scheme for senior citizens, will get Rs 18500 pension every month

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Bulk FD Interest Increased: HDFC Bank increased interest on bulk FD for Senior Citizen, check new rate

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Indian Railways: Good News! Senior citizens will get such a discount in rail fare

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Income Tax Payer Good News: Income Tax Payer is getting benefit of Rs 3.5 lakh, know details immediately

Senior Citizen Best Pension Scheme: Government will give pension up to Rs 18,500 to senior citizens in this scheme, know details here

Income Tax Payer Good News: Income Tax Payer is getting benefit of Rs 3.5 lakh, know details immediately

Senior Citizen Super Pension Plan! Government has brought a new scheme for senior citizens, will get Rs 18500 pension every month

Indian Railway Ticket big discount for Senior Citizen: Senior citizens will get discount in rail fare again! check details instantly

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Post Office New Plan: Doubling money with post office scheme Rs 1,00,000 to Rs 2,00,000 in 124 months , know here complete details

Post Office New Plan: Doubling money with post office scheme Rs 2,00,000 to Rs 4,00,000 in 124 months , know here complete details

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Good News Income Tax Payer : Income Tax Payer is getting benefit of Rs 3.5 lakh, know details immediately