New Delhi, Aug. 21 -- Turning 60 in India is often viewed as the point when regular earnings stop. But it also unlocks advantages that can help cushion retirement finances. On Senior Citizens' Day on 21 August, let's discuss the financial benefits seniors can avail in India. At the same time, let's check how such benefits are different from what senior citizens get in other countries.

Reaching 60 unlocks a range of financial benefits in India. These span higher interest rates, tax concessions and everyday discounts. Together, they can meaningfully cushion seniors' retirement finances.

India lacks universal state-funded pensions available to private-sector workers. Instead, the government offers targeted support through several distinct ...