In the times of digitalisation, even financial institutions and other lenders have taken a step up to ease the facilities provided to customers and enhance the quality of their services. One of the many ways through which these lenders can be seen offering top-grade financial aids to their customers is by introducing loan apps in...
Author: gauravkhanna
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How to Calculate FD interest for Senior Citizen with Salary, Pension & Interest Income?
Senior citizens dependent on interest income consider the interest rates on FDs and tax liability closely. Following are the key points to understand tax calculations on FDs: Interest calculation on FDs Usually, with some financiers, an FD with a lock-in period of 6 months or less earns simple interest. FDs with a period of more...
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5 Best Investment Options for Senior Citizens in India in 2020
If you are a senior citizen who gets a pension from the previous organization or through EPS (Employees Pension Scheme), you are in a better position to invest in lucrative investment instruments to multiply your savings. As a senior, you cannot afford to take risks regarding the safety of your capital amount. This is because...