Senior Citizens Day 2024: Top Financial Benefits Senior Citizens Can Avail
By Jasreet Kaur21, Aug 2024 12:00 PMjagranjosh.com
Senior Citizens Day 2024
Senior Citizens Day honours the contributions of the elderly. In India, senior citizens receive various benefits that support their health, finances, and overall well-being. Tap to read in detail.
Healthcare Benefits
Government and private hospitals offer special healthcare packages and discounts to senior citizens, thus making it possible for them to access medical services at a low cost.
Income Tax Benefits
The tax burden of senior citizens is reduced as they get higher income tax exemption limits and additional deductions under various sections.
Travel Discounts
There are significant reductions in prices of tickets for senior citizens by Indian Railways and various airlines that make travelling cheaper.
Pension Schemes
Among these pension schemes is the Senior Citizen Savings Scheme (SCSS) which pays higher interest rates thus guaranteeing a stable post-retirement income.
Banking Privileges
This implies that senior citizens obtain higher interest rates on their fixed deposits which can enhance their financial security.
Legal Aid
The legal rights of the elderly are taken care of through free or subsidised legal aid programs.
Senior Citizen Day 2024: वरिष्ठ नागरिकों के लिए 5 योजनाएं