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This will make reading any insurance policy extremely easy!
IRDAI's latest step to make reading features of insurance policies like premiums, room rent, what types of diseases will be covered extremely easy to understand.
Kanishka BiratOctober 27, 2023/6:18 PM IST -
56% in 8 years: Rise of average gross income of individual IT filers
The average gross total income of individual taxpayers rose 56% to touch Rs 7 lakh in assessment year (AY) 2021-22 from Rs 4.5 lakh in AY 2013-14, said Central Board of Direct Taxes (CBDT)
Money9October 27, 2023/12:52 PM IST -
Banks to allow premature withdrawal of FDs up to Rs 1cr
The Reserve Bank of India (RBI) on Thursday said that banks will have to provide premature withdrawal facility on all fixed deposits up to Rs 1 crore. At present this limit is up to Rs 15 lakh. The Reserve Bank said in a circular that after a review, it has been decided that the minimum […]
Money9October 27, 2023/9:55 AM IST -
Leap in transparency: Get alerts when FIs obtain your credit report
Lenders would have to send alerts through SMS and/or email to customers whenever they furnish information to the credit information entities on default/delay in paying loans/EMIs
Money9October 27, 2023/9:23 AM IST -
Kotak Mahindra Bank’s Diwali gift for depositors!
Kotak Mahindra Bank has hiked interest rates to as high as 7.25 per cent on fixed deposits of 23 months to less than 2 years tenure. But is 7.25 per cent currently the highest interest rate that one can get by opening an FD with any of the private banks in the country?
Kanishka BiratOctober 26, 2023/8:06 PM IST -
GoI reduces MEP on basmati rice
In a communication to export promotion body APEDA, the Union Commerce Ministry has said "it has been decided to revise the price limit for registration of contract for export of basmati rice from USD 1,200 per tonne to USD 950 per tonne."
Money9October 26, 2023/8:02 PM IST -
No loan recovery calls after 7 pm: RBI
The RBI on Thursday proposed stricter regulations for recovery of overdue loans. The norms propose that financial institutions and their recovery agents cannot call borrowers before 8 in the morning and after 7 in the evening. Banks and NBFCs should not outsource core management functions, including policy formulation and decision-making functions like determining compliance with […]
Money9October 26, 2023/7:15 PM IST -
Can you apply for loan again your mutual fund units?
What are the benefits of taking loan against your mutual fund units?
Pawan PandeyOctober 26, 2023/4:34 PM IST -
FMCG players: Q2 FY24 rural demand recovery will be sluggish
HUL, CEO and MD, Rohit Jawa, said that as far as sale of FMCG products is concerned, rural India has still not fully recovered to volume levels it had had two years ago. Jawa said, “Sales volume continues to decline in rural India in last two years. HUL continues to face volume de-growth in the hinterland.”
Kanishka BiratOctober 26, 2023/4:21 PM IST
