Tax Saving Schemes for Senior Citizens
Get Guaranteed Returns After a Month^
Unlock the Power of Smart Investment!
-
Table of Contents
Senior Citizen Savings Scheme (SCSS)
Post Office Monthly Income Scheme
Senior Citizen Fixed Deposits
Mutual Funds
Pradhan Mantri Vaya Vandana Yojana
Conclusion
About Author
FAQs on Senior Citizen Savings Schemes
-
Disclaimer
ABSLI DigiShield Plan. This is a non-linked non-participating individual pure risk premium life insurance plan; upon Policyholder’s selection of Plan Option 9 (Level Cover with Survival Benefit) and Plan Option 10 (Return of Premium [ROP]) this product shall be a non-linked non-participating individual life savings insurance plan. UIN: 109N108V11
^ ABSLI DigiShield Plan scenario: Female, non smoker, Age: 21 years, level Term Insurance, Premium paying Term: regular pay, policy term: 25 years, Pay frequency: Annual Premium of Rs. 6500/12 months (on average Rs. 542/month) Exclusive of GST (offline premium).
~ Our life insurance policies cover COVID -19 claims under life insurance claims, subject to applicable terms & conditions of policy contract and extant regulatory framework.
3Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details.
4https://economictimes.indiatimes.com/wealth/web-stories/senior-citizen-savings-scheme-scss-know-all-about-tds-applicability/slideshow/97642875.cms
5https://economictimes.indiatimes.com/wealth/save/post-office-monthly-income-scheme-limit-enhanced-to-rs-9-lakh-for-individuals-in-union-budget-2023/articleshow/97516459.cms
6https://economictimes.indiatimes.com/wealth/invest/latest-banks-fd-interest-rates/articleshow/96965725.cms
7https://incometaxindia.gov.in/tutorials/15-%20ltcg.pdf
8https://www.forbes.com/advisor/in/life-insurance/pradhan-mantri-vaya-vandana-yojana/
# Provided all due premiums are paid.
ADV/8/23-24/1740
Subscribe to our Newsletter
Get the latest product updates, company news, and special offers delivered right to your inbox
Thank you for Subscribing
Stay connected for tips on insurance and investments