Benefits of Fixed Deposits for Senior Citizens | AU Small Finance Bank
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Benefits Of Fixed Deposits For Senior Citizens

    Senior citizens, we would love to suggest a way for you to have a steady- and financially-stable old age. Since you have many benefits to avail, here we will explain the benefits on Fixed deposit for Senior Citizens.

    A Fixed deposit is a kind of deposit wherein you can deposit your money and get a fixed amount of interest on it. This has many benefits:

    • Isme aap ka interest same rehta hai jab tak aap apna deposit withdraw nahi karte ya phir Deposit mature ho jaata hain . Therefore, during old age this acts as a saviour and will give you fixed earnings.
    • As a senior citizen, aap apne fixed deposit pe normal interest rate se zyada interest earn karte hai. So that you earn a good amount from your savings.
    • Fixed deposit ek aisa option hai jisme sabse kam risk hota hai. So, stay free of stress and tension.
    • From April 1, 2019, agar senior citizens ki Fixed Deposit ki income ek year mein INR 50,000 se kam hai, to unko tax nahi pay karna padta. This will save them from paying taxes and not have additional burden.

    Isliye, fixed deposit apko ek fixed income provide karta hai jab koi income ki certainity nahi hoti.

    We are sure that availing these benefits will make life easier for senior citizens.

    Get to know more about what is a fixed deposit and how does bank calculate interest on FD

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