High fixed deposit rates for senior citizens: List of 6 small banks offering 9% or above FD interest rates
Senior Citizens Fixed Deposits Interest Rates: Fixed deposits are a popular investment choice for many, especially senior citizens looking for stable returns on their savings. Banks often offer higher interest rates for senior citizen fixed deposits compared to regular ones, making it an attractive option for retirees or those nearing retirement. We take a look at some small finance banks that are currently offering high interest rates of 9% or above on fixed deposits for senior citizens: Key Points
Times of IndiaNITI Aayog pitches for tax reforms, mandatory saving plan, housing plan for elderly
Population of senior citizens projected to reach 19.5 per cent of country’s population by 2050. Government think tank NITI Aayog has pitched for tax... Key Points
The Tribune IndiaHike in senior citizen FD? Additional interest rates should increase from 0.5% to 2%; FM gets proposal
Senior citizen FD: On fixed deposits, most of the public and private sector banks offer 0.25% to 0.50% higher interest rates than what they offer to the general public. Certain banks also offer some additional interest rates to super senior citizens as well. Bharat Pensioners Samaj has requested the Finance Minister to hike the additional interest rate to 2% on senior citizen FDs. Read what they are demanding. Key Points
Economic TimesFixed deposit interest rates for senior citizens: Avail interest rate of up to 8.1% on 3-year bank fixed deposits; check complete list here
India Business News: Private sector banks offer senior citizens up to 8.1% interest rates on fixed deposits (FDs) below Rs 2 crore. DCB Bank provides an 8.1% interest rate Key Points
Times Of IndiaSenior citizens can get up to 8.1% interest rate on 3-year FDs; full list here
There are many private sector banks who are offering an interest rate up to 8.1% on senior citizen fixed deposit (FDs). However it must be noted that if the interest from all the FDs in a particular bank exceeds Rs 50,000 then tax deducted source (TDS) would be deducted. Read here to know the senior citizen FD rates of top five private sector banks. Key Points
Economic Times
Companies tightening contracts to make exit tough for senior executives
Indian cos are tightening employment contracts for top executives to make them more binding by incorporating stricter non-compete and non-solicitation clauses. This is in response to intense competition for senior talent and rampant poaching of C-suite brass. Contracts and policies are being made tighter to make an exit difficult, including longer notice periods and extended non-poaching contracts. Key Points
Economic TimesWill no-poach agreements hold in India?
Globally, no-poach agreements are prevalent. However, increasingly, they are attracting scrutiny from regulators because such agreements can restrict competition. Key Points
mintHDFC Bank senior Citizen Care FD: Last date to invest in higher interest rate FD extended
HDFC Bank has yet again extended its senior citizens-only fixed deposit scheme. This special senior Citizen Care FD offers higher interest rate benefits for senior citizens. Key Points
Economic TimesMore and more young, mid-career professionals eye careers in care and tech for elderly
The silver economy in India, which focuses on providing services and products for the elderly, is attracting professionals from various industries. The country's elderly population is expected to double by 2050, creating a demand for senior living, elder tech, and geriatric care. Young professionals are drawn to the sector for its positive impact on communities and potential career growth. Key Points
Economic TimesAre you retired or going to retire soon? A guide to asset allocation
In the first case, where retirement is a few years out from here, an investor has the ability to build a corpus before he starts withdrawing from the corpus. Now to simplify it, think of it as a runway where you keep stashing some money aside and start building a corpus or a sum or an amount, a kitty, that is meant to fund the rest of your retirement. Key Points
Economic Times
State to appoint 1,700 constables, 300 officers at jails
The state cabinet has approved the recruitment of 1,700 constables and 300 officers at jails in Maharashtra, where there has been no recruitment since 2006. The prison department currently has a shortage of 400 constables. The recruitment process is expected to take eight months, followed by a year of training. The department is also in talks with TCS for the recruitment of 215 technical personnel. There is also a proposal to get Indian Police Service officers to work as senior superintendents, but so far none have shown interest. | Mumbai news Key Points
Hindustan TimesRailways plans a reserve compartment for senior citizens in Mumbai local
Approximately 50,000 elderly riders travel on the suburban trains in Mumbai daily, facing difficulties in finding seats. A survey showed that the luggage compartments carry 0.32 per cent of the passenger load, while general class compartments carry 90 per cent of passengers. The reservation of an entire luggage compartment aims to make travel for senior citizens more convenient. Key Points
Economic TimesThese banks offer higher FD interest rates for super senior citizens
Some banks provide super senior citizen clients with greater interest rates. Depending on the bank, the increased rates range from 0.50 to 0.75 basis points (bps). Key Points
Economic TimesHDFC Bank senior Citizen Care FD with higher interest rate extended to this date
The fixed deposit program for seniors-only at HDFC Bank has been extended. Launched in May 2020, this special senior Citizen Care FD offers senior citizens with higher interest rate. Key Points
Economic Timessenior DRDO official held in suspected honey trap case with Pakistan links
The official has worked on several strategically significant projects of the DRDO including several missiles. He has been booked under Official Secrets Act. Key Points
The Indian Express
TVS Emerald, Columbia Pacific float JV to build senior living project in Chennai
A foray into the asset class of senior living for TVS Emerald, and third senior living community for Columbia Pacific in Chennai, the project will be built on a plot of around 2.7 acres in Thaiyur. Key Points
FinancialexpressSC rejects plea seeking to restore concession in Railway ticket prices for senior citizens
It would not be appropriate for this court to issue a writ of mandamus in a petition under Article 32 of the Constitution. It is for the government to take a call on the issue keeping in mind the needs of the senior citizens and the fiscal repercussions. Dismissed, the bench said, rejecting the petitioner's contention that the state has an obligation to grant concessions to the elderly. Key Points
Economic TimesAs funding winter sets in, top rung at new-age companies faces pay freeze
As pressure mounts to conserve cash, founders, investors and human resources experts told ET that many startups will hold back raises for senior staff this year. At some companies, including those undergoing layoffs, top management may take pay cuts as well, they said. Key Points
Economic TimesIncome tax saving ideas: With 8.2% interest, senior Citizen Savings Scheme (SCSS) is better bet to save ta
Senior Citizen Savings Scheme vs tax-saving fixed deposits: senior citizens often go for fixed deposits, considering the safety and fixed return. Elderly investors are in for a sweeter deal this year as they can get an attractive fixed return on the senior Citizen Savings Scheme (SCSS). Is SCSS a better option for senior citizens than tax-saving fixed deposits? Probably yes. But before you invest, let's compare the features and benefits of SCSS and five-year tax-saver fixed deposits (FDs). Key Points
Economic TimesFree treatment up to Rs 5 lakh: senior citizens above 70 to be covered under Ayushman Bharat health insura
The Centre has announced that senior citizens aged 70 and above will now be included in the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana health insurance scheme. This move aims to benefit around 4.5 crore families, providing six crore senior citizens with Rs 5 lakh free health insurance cover on a family basis. Key Points
Economic Times
PNB hikes FD rates again; increases fixed deposit interest rate by 80 bps on this tenure
Punjab National Bank raised FD interest rates for the second time in a month. This time, the bank increased rates by 80 basis points (bps) on a single tenure. Key Points
Economic TimesPNB Housing Finance rolls out exclusive 8.30% fixed deposit interest rates for senior citizens. Details here
PNB Housing Finance has introduced a time-limited promotion featuring revised fixed deposit interest rates of up to 8.30% for senior citizens. Key Points
mintsenior Citizen Saving Scheme vs SBI, HDFC Bank, ICICI Bank, Axis Bank, and PNB fixed deposits: Which gives the highest interest rate?
India Business News: According to ET, the SCSS interest rate remains unchanged at 8.2% for January-March 2024. The scheme has a 5-year tenure (extendable by 3 years), with Key Points
Times Of IndiaSBI Wecare special senior Citizens FD scheme extended; Check details
State Bank of India (SBI) has extended their special senior citizen scheme - SBI WeCare. The scheme is available for fresh deposits and renewal of maturing deposits. Key Points
Economic TimesSBI Fixed Deposit offering highest interest rate to senior citizens to close this month. Details
SBI Amrit Kalash Deposit Last Date: Under Amrit Kalash, an SBI customer can book a fixed deposit of 400 days. The interest rate currently being offered to senior citizens under this special scheme is 7.6%, Key Points
Financialexpress
U-19 Final: India's formidable young turks gear up for World Cup glory against Aussies
India's U-19 cricket team faces Australia in the ICC U-19 World Cup final. Skipper Saharan denies seeking revenge for last year's defeat, focusing on the present challenge. India, a powerhouse in age-group cricket, aims for its sixth title, with Saharan leading the batting charts. Players like Dhas and Pandey stand out, showcasing potential for the senior level. Key Points
Economic Timessenior production staff end protest at Wistron's iPhone assembly unit
Confirming the development, Kolar district commissioner Venkat Raja told ET, A section of senior production staff at Wistron went on protests against the management demanding higher wages... The protest has now been called off after the management gave assurances that their demands will be addressed. Key Points
Economic TimesFixed Deposit interest rate for senior citizens jumps again: How much should you invest in a bank?
The fixed Deposit interest rate for senior citizens has jumped over 9.5%. Know how much should they invest in FD with a bank. Key Points
FinancialexpressSBI WeCare special FD for senior citizens with higher interest rate deadline: What is the FD rate?
SBI WeCare special FD: SBI offers 0.50% higher interest rates to senior citizens, interest rates on regular fixed deposits vary between 3.50% and 7.50% for tenures ranging from 7 days to 10 years. Key Points
Economic TimesCXOs much wanted; demand likely to exceed supply in 2024
Hiring action is mostly concentrated at the senior levels due to increased confidence in the economy, said experts. The entry and middle levels are not seeing much action due to the aftereffects of over-hiring in 2021 that are still being felt, they said. Key Points
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Volkswagen aims to bring under-$35,000 EV to US in 3-4 years-VW executive
Volkswagen (VOWG_p.DE) aims to bring an under $35,000 electric vehicle to the U.S. market in 3-4 years, while Chinese automaker Nio said it is still "debating" a 2025 entry into North America, senior executives said on Thursday at a Reuters conference. Key Points
ReutersRBL Bank launches new fixed deposit scheme; offers up to 8.5% FD interest rate
RBL Bank has announced that it has introduced a new fixed deposit scheme – ACE Fixed Deposit. RBL Bank has also revised its fixed deposit interest rates effective from June 1, 2023. Key Points
Economic TimesUjjwala to vaccines to Vande Bharat: BJP showcases nine years of Govt
The event was attended by senior BJP leaders and several Union ministers, including Amit Shah, Rajnath Singh, Nirmala Sitharaman, Ashwini Vaishnaw, Anurag Thakur, Smriti Irani and Rajeev Chandrasekhar. Also present was national head, media, Anil Baluni. Key Points
The Indian Expresssenior Citizens’ Savings Scheme: Disadvantages of SCSS you should know before investing
Assured income, protection of capital and regular payouts is what makes it attractive. The senior Citizens' Saving Scheme (SCSS) also provides tax benefits under Section 80C and allows for early withdrawals. Key Points
Economic TimesSundaram Finance hikes interest rates on term deposits
While the general scheme rate is increased to 7.45%, senior citizens will get 7.95%. Key Points
The Hindu
Uddhav Thackeray camp of Shiv Sena moves SC against EC decision allocating name, symbol to Shinde faction
Chief Justice of India D.Y. Chandrachud asked senior advocate A.M. Singhvi, appearing for the Thackeray camp, to mention his case after listing it like the others Key Points
The HinduEarn 8% interest rate on this Canara Bank special fixed deposit
FD rates may differ based on whether the FD is callable or non-callable. Canara Bank revised its fixed deposit interest rates on April 5, 2023. Key Points
Economic TimesHow Supreme Court's process of designating senior advocates changed in last 7 yrs & what it is now
Last week, the apex court designated 39 lawyers as senior advocates, setting off rumblings in Bar over those excluded. Court has given coveted tag to a hundred lawyers this year alone. Key Points
ThePrintFixed deposit: 5 banks offer over 9% interest rates on senior citizen FDs
Senior citizen fixed deposit: Suryoday Small Finance bank offers an interest rate of 9.6 per cent to senior citizens for fixed deposits maturing in five years. senior citizens can get an interest rate of 9.5 per cent for FDs maturing in 1001 days in Unity Small Finance Bank FDs. A few small finance banks are still offering over 9 per cent interest rates on fixed deposits to senior citizens. Here's a full list Key Points
Economic TimesFD interest rates: 6 banks offer 9% or more on senior citizen FDs
Given below is a list of six banks which are offering more than 6% interest on fixed deposits (FDs) of an amount less than Rs 2 crore. The highest FD interest rate is being offered by Unity Small Finance Bank. Key Points
Economic Times