Benefits of Reverse Mortgage Scheme accrues to senior citizens

Q.  Which of the following are benefited through the Reserve mortgage scheme?
- Published on 19 Oct 15

a. Government employees
b. Minors
c. Senior citizens
d. All the above

ANSWER: Senior citizens
Some financial institutions that provide the scheme in India are Dewan Housing Finance, State Bank of India, Punjab National Bank, Bank of Baroda, Central Bank of India, Union Bank of India, LIC Housing Finance, Indian Bank, Andhra Bank, Corporation Bank, Canara Bank.

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