Benefits for the Senior Citizen Card Holders

1. Pension: Senior citizens from economically weaker section are eligible for Pension under Indira Gandhi National Old Age Pension Scheme (IGNOAPS) and Integrated Social Security Scheme (ISSS).
2. Old Age Home Facility: Senior Citizens can access services at Govt and private Old Age Homes.
3. Rastriya Vayoshri Yojana (RVY): Senior Citizens belonging to BPL category are provided Physical Aids and Assistive-living Devices under the Central Sector Scheme, RVY which is implemented through the - Artificial Limbs Manufacturing Corporation (ALIMCO).
4. Indian Railways: Concession for senior citizen 58 years & above for females & 60 years and above for male @ 40% for males & 50% for females.
5. Airline Benefits: Several Airlines provide discount on fares for senior citizens.
6. Senior citizens are allowed to register telephone connection under N- OYT (Non-Own Your Telephone) Special Category, which is a priority category.
7. Various Mediclaim Policy: There are Health insurance policies for Senior Citizens like those by National Insurance Company.
8. Priority for Senior Citizens is provided during elections for voting besides in various other services including in Government Hospitals for registration and clinical examination.

9. Senior citizens above 60 years of age can open ‘Senior Citizen Saving Scheme’ account which offers 8.2% of interest rate where the interest amount can be withdrawn at any time. (Maturity period is 5 years and is extendable up to 3 years).
10. Door-step banking facilities for seniors.
11. Higher Interest rates on Fixed Deposits (ranging from 6% to 9.50% depending on bank and the tenure of deposit).
12. Reverse Mortgage Loans (banks provide a lump sum regular amount to the house-owner after the valuation of the property).
13. Personal loans for senior citizens (comes with less interest rates, the difference being almost 1% to 1.5% than the normal interest rates).