While quote the date in any financial or legal document you must write the date in full format. For example, you must write 31/01/2020 and not as 31/01/20. This is because anyone can make changes in the date.
Unlike the PPIs that are available now, the new instrument can only be used for making retail payments. You cannot use it to transfer funds to other PPIs, make credit card payments and so on.
If you still have a magnetic stripe SBI ATM-cum-debit card, on December 31 the lender will deactivate it.
While withdrawing cash, you will receive an OTP on your mobile number registered with the bank. Hence, make sure that you carry your mobile phone along with you while making transactions from the ATM.
Based on a clarification received from IRDAI, it is hereby clarified that annuity payable by ASPs NRIs and OCIs will be taxed at source, at rates applicable as per the DTAA of the country where the annuitant resided.
The No Claim Bonus (NCB) is given to the policy owner and not to the insured vehicle. Therefore, the NCB cannot be passed on to another name. However, you can use the retained NCB (certificate is issued) when buying a new policy for your new car.
This year, a separate third-party insurance category for electric vehicles (EVs) was issued. Further, to increase the sale of EVs, the third-party motor insurance premium for electric vehicles are issued at a discount of 15 percent.
Banks and NBFCs have the means to recover their dues one way or the other if the loan is not paid by you.
FASTag (RFID Tag) is affixed on the windscreen of the vehicle which enables a customer to make the toll payments directly from the account linked to FASTag. These FASTags can be recharged using the Bharat Interface for Money (BHIM) UPI app.
TPAs (Third-Party Administrator) help you (the insured) process your health insurance claim using various hospital bills and documents. However, they are not responsible for claims rejection or acceptance.
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