Money Matters: Round-up of top personal finance stories from this week

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Financial uncertainty is one of the most common stress that most of us deal with. While financial distress is not a something new, amid the covid-induced crisis, even more people are braving financial struggles and hardship.

On Money Matters, we bring top personal finance stories that have a direct impact your wallet. Be it employment, rising debt, or dealing with unexpected expenses, insurance, market updates, etc., we have covered it all for you. It is a unique show that focuses solely on the stories across India that will give you a better perspective on day-to-day finances as well as update you with recent investment and financial developments happening in the country. Here’s a look at top stories from this week

How to claim health insurance benefit from multiple policies

With the rise in healthcare costs amid Covid-19, people have been looking to increase their sum insured. While some increase the sum insured of their existing policies others may opt for a separate plan offering wider coverage. If you have multiple health insurance policies, you can use multiple policies for a single claim, as per the insurance regulator.

Banks to levy higher charges on select services from July 1

From July 1 a few charges in common transactions are supposed to change that would have an impact on you. Have a look.

Invest in real estate with as low as Rs 10,000

You can now start investing in real estate with as low as Rs 10,000, as the Securities Exchange Board of India (SEBI) has amended the Real Estate Investment Trusts (REITs) Regulations, and Infrastructure Investment Trusts (InvITs) Regulations, 2014. According to new rules trading can be done in a lot of one unit with a minimum application value of Rs 10,000 and Rs 15,000 in the case of REITs and InvITs. The reduction in lot size brings them in line with the equity markets.

LPG prices hiked by Rs 25.5 per cylinder from July 1

The price of LPG cylinders, the most commonly used kitchen fuel in the country, jumped again by Rs 25.5 per cylinder on July 1. With this latest round of price hike, a 14.2 kg LPG cylinder reached Rs 834 in Delhi and Mumbai, Rs 850 in Chennai and Rs 861 in Kolkata. The price of 19 kg commercial cylinder also went up by around Rs 75 per cylinder to reach Rs 1,629 in Kolkata.

These banks have extended special FD scheme for senior citizens by 3 months

Big relief for senior citizens. Three banks — State Bank of India (SBI), HDFC Bank and Bank of Baroda (BoB) — have extended the last date of the special fixed deposit (FD) scheme for senior citizens by another 3 months. That means, senior citizens can avail this facility till September 30, 2021.