Senior Citizen  

For securing your future financially, it is essential to start investing today. Investment schemes offered by Post Office are not only reliable, but they are also free of market risks.

In preparation for the upcoming Lok Sabha elections in Karnataka on April 26, ride-hailing service Rapido has announced its commitment to facilitating transportation for senior citizens and differently-abled voters in Bengaluru, Mysuru, and Mangaluru. Through its "SawaariZimmedariKi" initiative, Rapido aims to ensure that every eligible voter can exercise their democratic right without facing transportation barriers.
 

Post Office Senior Citizen Savings Scheme is a good investment opportunity for building a retirement fund. It offers an initial investment period of five years.  

Atal Pension Yojana is a great opportunity for building a retirement fund as it provides a steady income at old age. Similar to this, there are various investment schemes available that can help you spend your golden years in comfort. Let’s read about some of them.

The central government launched the National Pension System in the year 2004. NPS works as a market-linked scheme and offers advantages of building a retirement fund while also providing pension benefits.

Post Office Monthly Income Scheme offers a monthly interest rate of 7.4 percent on the deposits. It ensures financial stability in old age, empowering investors to remain independent in times of need.  

1049 senior voters aged between 100 to 120 years old are keen to vote in the upcoming Lok Sabha Elections 2024. Prayagraj has a total of 46,64,519 comprising 25,27,676 men, 21,36,224 women and 619 transgenders individuals.

Photo credit: Election Commission
Challenges related to mobility, vision, and hearing are common among elderly individuals, potentially hindering the elderly individuals ability to participate in voting. However, numerous measures are in place to ensure that senior citizens can vote at polling stations in a manner that respects their dignity. In a bid to make the electoral process truly inclusive and participative, the Election Commission of India (ECI) has introduced groundbreaking measures aimed at breaking barriers for voters above 85 years of age and Persons with Disabilities (PWDs) with a 40% benchmark disability.

Post Office Senior Citizen Saving Scheme gives you the opportunity to find financial independence in your old age without having to depend on others for support. The scheme offers an interest rate of 8.2 percent for 5 years.

Post Office Monthly Income Scheme is open to any citizen, including children. This is a government approved deposit scheme that allows you to invest as single or joint account holders.

Amidst the hectic pace of daily life in Mumbai, a touching scene plays out daily, bringing a moment of comfort and unity to everyone who sees it. On a busy road, an unknown elderly man waits ready to bring joy and goodwill to people who pass by.

Post Office Monthly Income Scheme is open to any citizen, including children. This is a government approved deposit scheme that allows you to invest as single or joint account holders.

For senior-citizens, investing in fixed deposits is a good option for saving money. These schemes offer the elderly people with attractive returns on fixed deposits while also benefiting from tax exemptions.

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is one the most affordable insurance policies available. It has an annual premium of Rs 436, and a per day premium of less than Rs 4.

LIC’s Jeevan Labh Plan is a life insurance that offers non-liquid benefits. Under this policy, premiums need to be paid for a specified time frame. It offers benefits upon the maturity of the insurance.