Food delivery agents earn between Rs 25,000 and Rs 50,000 a month, depending on the number of orders they complete, hours on the road, and distance covered, among other factors. Cab drivers can earn Rs 35,000 to Rs 80,000 a month, a chunk of which goes towards fuel, loans, and vehicle maintenance
With violence in JNU and the CAA-NRC row reverberating across India, firms are getting caught in the crossfire.
Queries by TOI showed that PSB customers who for years enjoyed group mediclaim at rates of Rs 7,500-12,000, will see their premiums jump to between Rs 22,000 and Rs 75,000, if these policies get converted into individual policies with annual renewal.
The banks have stopped issuing debit cards for the dormant savings accounts due to two reasons - To avoid the risk of banking frauds and also to lower their costs of servicing a bank account. There has been a rise in dormant accounts.
Bankers say early 155 million cards went out of the market because of the EMV migration from magnetic-strip to chip-based cards, weeded out dormant accounts and inactive cards. The RBI has mandated that all banks have to make this switch as EMV-chip based cards are deemed more secure. So most of 2018, banks were engaging in a massive exercise to reissue all debit cards.
Banks may introduce a new column in KYC forms for depositors & clients to mention their religion.
According to a banker with SBI, senior citizens find it most difficult to deal with change. They get worked up emotionally, and changes like a new branch, travelling a few more kilometres can prove traumatic.
With NSDL no longer supporting e-sign, brokerages and fintechs will now have to physically onboard customers. eSign is an online electronic signature service that can facilitate an Aadhaar holder to digitally sign a document.
Given the low payment infrastructure cost, UPI is bridging the gap between organised retail and small merchants, which is resulting in shrinking of the average transaction size.
The General Insurance Council has formed a committee to prepare a preliminary list of commonly claimed surgeries. Over time, the committee hopes to make their rack rate list more comprehensive by adding more players.
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