Senior Citizen Finance News India
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📰 Latest Senior Citizen Finance News
SCSS Maturing Soon? Extend It or Lose 8.2%
Senior Citizens Savings Scheme pays 8.2% per year with quarterly payouts. If your SCSS account is about to mature, you have two ways to extend it — but missing the deadline could mean losing interest for the gap period. Here's what to do.
mint - moneyMove PPF to Bank: 3 Steps, Zero Interest Loss
You can shift your PPF, Sukanya Samriddhi, or SCSS account from a Post Office to a bank without losing interest or continuity. The process costs just ₹100 plus GST and requires a few documents. Here's how to do it right.
mint - moneyNRI Estate: 8 Steps to Stop Your Family's ₹0 Inheritance
NRIs who skip estate planning risk leaving their families with frozen accounts, legal battles across two countries, and zero access to hard-earned savings. These 8 steps can prevent that nightmare.
Wealth-Economic TimesPPF vs SCSS vs SSY: Which Scheme Suits You?
PPF gives you tax-free growth over 15 years. SCSS gives senior citizens the highest guaranteed interest at 8.2%. SSY gives parents a powerful long-term tool for a girl child's future. Each has a different purpose — picking the wrong one costs you returns.
mint - moneyInheriting Property? Skip Probate in 3 Smart Steps
Probate is no longer mandatory in India after a 2025 legal change, but skipping it can lead to inheritance disputes. Learn what probate is, when you still need it, and how to transfer inherited property smoothly without court delays.
mint - moneyNRI Return: 5 Money Traps That Hit Your Wallet
NRIs moving back to India for ageing parents face big financial shocks — lower income, surprise tax bills, costly healthcare, and retirement gaps. Here is what to plan before you land.
mint - moneySelf-Acquired Property: Can Your Child Claim It?
Under Hindu law, children have no automatic birthright over property their father bought, received as a gift, or inherited through a Will. Only ancestral property — held across 4 generations — gives children an automatic legal share.
Wealth-Economic TimesMF Nominee Claim? SEBI Cuts 5 Key Hurdles Now
SEBI has simplified the process for claiming mutual fund units after a investor's death. Families and nominees will now face less paperwork and fewer delays when transferring MF holdings, making it easier to access your loved one's investments during an already difficult time.
SEBI RSS FeedSenior Citizen FDs in 2026: Are You Getting 8.5%?
In July 2026, senior citizens can earn up to 8.50% per year on fixed deposits. Small finance banks lead with the highest rates, while large banks offer slightly lower but safer options. Picking the right bank and tenure can meaningfully boost monthly income for retirees.
mint - moneyITR 2026: Report Gifts & Inheritance — Pay ₹0 Tax?
The new ITR forms for 2025-26 now let you separately report receipts like gifts from relatives, inherited property, and rural agricultural land sales — these are not taxable income, but must be disclosed correctly to avoid tax department notices.
mint - moneyPPF & SCSS Rates Frozen: Is Your Savings Losing?
The government has kept small savings scheme rates — PPF, SCSS, Sukanya Samriddhi — unchanged for the July–September 2026 quarter. This is the ninth straight quarter with no revision. With inflation still biting, your real returns may be shrinking.
mint - moneySCSS: Get ₹20,000/Month — How Much to Invest?
The Senior Citizens Savings Scheme (SCSS) lets people above 60 earn a fixed quarterly income from a government-backed deposit. Here's exactly how much you need to invest to receive ₹20,000 every month — and whether it's right for your retirement plan.
Wealth-Economic TimesGift Tax Rules: Is Your ₹50,000 Gift Tax-Free?
Not all gifts are free in India. If someone outside your family gives you cash, property, or valuables worth more than ₹50,000 in a year, the entire amount gets taxed as your income. But gifts from close relatives are always tax-free.
mint - moneySCSS vs FD: Which Gives You More in 5 Years?
Senior Citizens Savings Scheme and bank Fixed Deposits are two popular safe investment options for Indian families. But which one actually puts more money in your pocket after 5 years? SCSS offers a government-backed 8.2% rate while most bank FDs hover lower. Here's a plain-English breakdown to help you decide where your hard-earned savings belong.
mint - moneyFD vs SCSS: Which Pays You More After 60?
After retirement, most Indians park their savings in Fixed Deposits or the Senior Citizens Savings Scheme. Both give regular income, but they work very differently. SCSS usually offers a higher interest rate, but FDs give you more flexibility. Here is a simple breakdown to help you pick the right one for your monthly income needs.
mint - moneyWho Gets Dad's Property? Inheritance Rules
Many Indian families still believe sons get more of the father's property than daughters. But the law says otherwise. After a 2005 amendment to the Hindu Succession Act, daughters have equal rights in ancestral property — married or unmarried. Here's how property is actually divided, and what your family needs to know to avoid disputes.
mint - moneySCSS vs FD: Which Wins for Senior Investors?
Retired Indians looking for safe, steady income often choose between the Senior Citizen Savings Scheme (SCSS) and bank Fixed Deposits. Both are low-risk, but they differ in interest rates, tax treatment, and payout flexibility. Knowing the difference can mean thousands of extra rupees in your pocket every year after retirement.
mint - moneyDigital Living Will: What It Means for — Apr 2026
Maharashtra is making Living Wills digital — letting people store their end-of-life medical wishes online permanently. While it sounds like a legal or medical topic, it directly affects your estate planning, succession wishes, and how your family handles finances and healthcare decisions when you cannot speak for yourself.
Wealth-Economic TimesHUF Tax Trick: Save ₹2.5L Extra on Your Family Income?
A Hindu Undivided Family is a separate legal entity for tax. Salaried people with inherited property, family investments, or rental income can use an HUF to split income, claim a second basic exemption, and legally cut their total tax bill.
mint - moneyFD Rates Rising Soon? Lock In Before Banks Move
Global tensions and rising inflation may push Indian banks to offer higher FD rates soon. Credit demand is outpacing deposit growth, and banks need your money — which could mean better returns for FD investors in 2025.
Wealth-Economic TimesSold Land? A ₹92L Sale Can Trigger Tax Notice
Selling land or property can trigger an income tax notice even if you correctly report your capital gains. A Gujarat HC ruling shows how knowing the right tax rules — like Section 55A — can save you from a wrongful demand.
Wealth-Economic Times10 Gov-Backed Schemes: Which One Fits Your Goals?
From PPF to NPS to Sukanya Samriddhi, the government runs savings schemes that offer guaranteed returns, zero default risk, and tax benefits. Here's how to pick the right one for your situation — without getting confused by jargon.
Personal Finance News in CNBCTV18, Personal Finance Latest News, Personal Finance NewsCash Below ₹10L? You Can Still Get an IT Notice
Many Indians think keeping cash deposits under ₹10 lakh keeps them safe from the Income Tax Department. That's a myth. The ₹10 lakh limit only decides when your bank must report — the taxman can still question you directly.
mint - moneySEBI Simplifies Inheritance — Jul 2026
SEBI is simplifying the rules for transferring shares and mutual fund units to legal heirs or nominees after an investor dies. This means less paperwork, fewer delays, and a faster process for families claiming inherited investments.
SEBI RSS FeedInherited Property at a Loss? Save Tax in 3 Steps
If you sold inherited property for less than you paid (or its fair value), you can report that loss in ITR-2 and use it to reduce tax on future property or investment gains — but only if you file correctly and on time.
mint - moneyFamily Heirlooms: Is Your ₹50L Jewellery Legally Safe?
Generations of Indian families pass down gold, art, and antiques — but without a will or trust, these assets can vanish in legal disputes, forced sales, or tax trouble. Here's how to protect them properly.
mint - moneyRetire Comfortably: Is Your ₹3 Cr Corpus Enough?
Most urban Indians grossly underestimate their retirement savings target. Beyond a lump sum corpus, you need a plan for healthcare costs, housing, and monthly income that keeps pace with inflation for 25-30 years.
Personal Finance News in CNBCTV18, Personal Finance Latest News, Personal Finance News₹1Cr vs ₹5Cr Retirement: Which Target Is Yours?
Most Indians guess a retirement number without accounting for inflation, healthcare costs, or how long they'll live. The 'right' corpus depends on your city, lifestyle, and when you plan to retire — and it's almost always bigger than you think.
NDTV Profit - Latest₹20L to Invest? SCSS vs FD vs RBI Bond Compared
If you have ₹20 lakh to park safely, three popular options compete for your money: Senior Citizens Savings Scheme, SBI 5-year FD, and RBI Floating Rate Bonds. Each pays differently and comes with its own rules. Here is how they stack up.
Wealth-Economic TimesCopying Big Investors? Your Portfolio May Pay the Price
Following famous investors sounds smart, but their risk appetite, time horizon, and starting wealth are nothing like yours. Blindly copying their strategy can cost you real money and derail your actual financial goals.
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