If you have a credit card from Kotak Mahindra Bank, here are some of the details of its three-month moratorium facility.
Most health insurance policies available in India protect policyholders against coronavirus. Some insurers even launched novel products against the viral pandemic. Here are important points you need to keep in mind about the health covers being offered.
The Council also confirmed that the clause of ‘Force Majeure’ will not apply in case of COVID-19 death claims. This step was taken to reassure customers who had reached out to individual life insurance companies seeking clarity on this clause.
Insurance Regulatory and Developement Authority of India (Irdai) has already provided additional time for payment of renewal premium in case of health insurance policies and motor third party insurance.
Bharti AXA Group Health Assure Policy covering COVID-19 comes with a fixed cover offering 100 per cent sum insured as a lump sum if the policyholder is diagnosed positive or gets quarantined in a govt hospital or military facility/establishment.
According to the bank, in such a fraud, the SBI customer gets a call asking them to share their OTP to avail of the EMI moratorium.
Borrowers should remember that moratorium is not the waiver of the loan. It is only a grace period.
Experts say the bear market is the best time to buy but what are investors planning to do now.
To truly benefit from a severe crash, you should consider ramping up your SIP investments. You have two choices here: Either you simply top up existing SIPs or put in lump sums in a staggered manner.
Investors in PPF and Sukanya Samriddhi Yojana will see the impact immediately as lower rates will be applicable on accumulated balance. However, investments made in NSC, SCSS and others prior to the announcement would be shielded from the cut.
To stop MF SIP, investors can log in to the mutual fund website using login credentials or folio details. Else, the investor can also login to the online transaction platform of the R&T agent or the distributor and click on ongoing SIP instructions.
The Reserve Bank of India (RBI) cut the repo rate in the last week of March by 75 basis points. Though the action has calmed the nerves of the stock market, here is what it means for bond investors and what they should do now.
The first step and prerequisite to start investing in mutual funds is to become KYC (know your customer) compliant. Only after this can you invest in mutual funds, as mandated by the Securities and Exchange Board of India (Sebi).
For constructing confidence intervals of financial market variables, two statistical distributions are often used, namely, the normal distribution (for large samples) and the t-distribution (for small samples).
As the country is under Coronavirus lockdown, you can use this opportunity to learn some important skills and accelerate your career growth. Here are the eight skills you can learn.
Your computer, smartphones might be holding videos, photos and audio in various folders, and you would not even know that it's there. Hence, ET Wealth tells you the following methods on how to clean up your devices for more efficiency.
It is not easy to work in an alien land. If Indians abroad complain of racial discrimination, north eastern Indians in Bengaluru suffer bullying too. The differences in our cultures, looks, food, language and habits show us up as outsiders.
The action taken by the RBI to provide a monetary cushion to the looming COVID recession has caused a reduction in the interest earnings of those who have money in sovereign deposit schemes.
The extension of validity of Form 15G and Form 15H of FY 2019-20 would come as a relief for the taxpayers who usually have to submit these forms in the first week of April every financial year to lower or avoid TDS.
What with the world staring at a recession due to COVID-19, now is a good time to sort out your money matters. Here are five money-related things you can do during the lockdown.
Most banks have decided to go for the "opt-in" option, putting the onus on the borrower to take the initiative of informing the bank (either by calling or via mail) that they want to go for the three-month breather.
Various banks have announced details of the EMI moratorium on their websites. Here is a look at the details of Yes Bank's moratorium on loan EMIs and credit card dues.
In a base case, property consultant Anarock said that sales could drop 25 per cent to 1.96 lakh units this year from 2.61 lakh units in 2019 across seven major cities- Delhi-NCR, Mumbai Metropolitan Region, Kolkata, Chennai, Bengaluru, Pune and Hyderabad.
The company has decided to "provide an interest holiday on outstanding amounts to all its customers/home buyers for three months from 1 March 15 till June 15," Parsvnath said in a statement.
From now, the one-year FD will fetch 5.8 per cent per annum, down from 6.2 per cent (a 50 bps cut) and five-year FDs will now earn 6 per cent, down from 6.4 per cent (a reduction of 40 bps).
Noida-based Gaurs Group has started a campaign, Ghar Baithe Ghar Kharido – Knockdown offer. Some like the Mahagun group have offered discount schemes. Another NCR-based developer, Migsun, charges just Rs 51,000 to book a flat.
While the Greater Noida Authority has decided to extend all its settlement schemes, the Ghaziabad Development Authority (GDA) has decided to not levy interest on people who are unable to pay EMIs till June 30.
With private hospitals now offering coronavirus treatment, health insurance claims ranging from Rs 90,000 to Rs 6.5 lakh are trickling in. A clamour is already building up for ‘package rates’ to address concerns of inflated bills.
If your current health, motor insurance policy is expiring between March 25, 2020, and April 14, 2020, and you are not able to renew your policy because of country-wide lockdown then you can renew such health, motor insurance policy by April 21.
To use UPI, you must have a bank account with a member bank, i.e., your bank should allow you to use the UPI facility.
The company provides pre-approved medical loan via loan card to all Indian residents of age 21 to 60 years at an annual fee of Rs 999 (inclusive of taxes). The annual fee for the loan card is paid upfront.
Customers have the option of taking coverage of up to Rs 5 lakh — in which case the rough cost is about Rs 5,000 (there are a few insurance companies pricing it a few hundred rupees above this).
Borrowers have been advised to give instructions in advance to stall the debit, even if they have no money because the bank where they have their savings account might charge them for failure of standing instruction.
It is crucial to establish work rules and avoid social isolation to crack your work from home situation and these five simple pointers will help you achieve this very balance.
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