Search Results

During the Christmas season, the Union Bank of India dropped its home loan interest rates to an all-time low of 6.40 percent in order to make inexpensive loan offers to its consumers. According to a statement made today by the state-run lender, the lower rate will take effect on October 27, 2021. Customers seeking for new loans or wishing to transfer current loans, including balance transfers, will be subject to the reduced rates, according to the bank.

YES Bank has announced a collaboration with the National Payments Corporation of India (NPCI) to introduce a new RuPay co-branded credit card for users of the country's own payment infrastructure. According to a recent statement released by YES Bank, the YES Prosperity Rewards Plus credit card variation, designed for the private sector lender's YES Prosperity division, would provide consumers with several incentives. The credit card will come with accumulating rewards points with each transaction, a fuel fee waiver, expedited rewards points on YES Cart, and merchant deals made possible by the private bank's partnership with NPCI. The RuPay card payment network was created by NPCI. YES Bank credit card customers may also take advantage of a selection of promotions and special offers across a variety of merchant categories. The offers are designed to help customers save money. Customers may also take advantage of the loyalty program's never-expiring reward points, as well as industry-leading features like reward point sharing and a diverse choice of awards.

Numerous non-resident Indians (NRIs) choose to put their hard-earned money into investments in India for a variety of reasons, including the high interest rates, low risk, and ease of capital repatriation. NRIs may satisfy their various financial desires and aspirations thanks to the large variety of investment options available to them. If you're on the other side of the world, you're never distant from the most dynamic investment prospects in your own country. Are you interested in NRI services that will help you build an Indian savings account and diversify your financial holdings? If you're looking to diversify your portfolio, here are the five best options for you. Fixed deposits in the NRE Fixed deposit (FD) account choices are available even if you've been residing outside of India for a long time. In a nutshell, you invest a certain amount of money for a predetermined period of time and receive a predetermined return. Except that you can deposit funds in any currency of your choice, an NRE FD is identical to a regular FD. The money you deposit is kept in Indian rupees, and you can move it to another account when it reaches maturity. In addition, this investment vehicle does not owe any taxes. Not only do NRE FDs provide high interest rates, but they also have a wide range of investment options.   You may grow your money in a secure and predictable way with an NRE FD. Investments in mutual funds Investments in mutual funds (MF) can be made by non-resident Indians (NRIs). From low to moderate to high risk, you may select from a wide variety of funds. Investing in mutual funds may provide substantial profits if you do your homework and invest on time. In addition, many schemes have no lock-in requirements, so you may liquidate them at any time you want . Make informed investment decisions with the best NRI services available by logging on to our user-friendly platform. In the field of Real Estate Numerous investors have seen their fortunes rise and fall thanks to their decisions to place their money in the Indian real estate market. Non-resident Indians (NRIs) can participate in this safe and profitable venture. If you've got a lot of extra cash lying around, consider investing it in real estate in India that you can then rent out. Rent payments can be deposited into an NRO savings account. Aside from that, the returns on an NRO savings account are high, and the money in it can be utilised for any purpose arising in India. Aside from that, the returns on an NRO savings account are high, and the money in it can be utilised for any purpose arising in India. National Pension Scheme The National Pension Scheme(NPS) account with a Point of Presence (POP) in India can be opened by any NRI aged 18 to 60 years old. To establish an eNPS account, NRIs must have either their PAN or Aadhar Card, as well as proof of residency. To invest in NPS, you can utilise your NRE or NRO bank account. Under Sections 80C and 80CCD, Tier 1 grants tax savings of up to INR 2 lakhs. INR 500 per donation and INR 6000 per year is the minimum investment amount. At the age of 60, an investor can take a 40 percent distribution and put the remaining 60 percent into a pension plan. Tier 2, which is more forgiving and doesn't impose any withdrawal limitations, but also doesn't provide any tax benefits. It will be paid in Indian Rupees for the NPS pension. Financial instruments such as Stocks and Bonds High returns on equity investments can be achieved if you are willing to accept some risk. Investments in direct equity by NRIs are permitted by the Reserve Bank of India (RBI) as part of the Portfolio Investment Scheme (PINS). The only way to invest in stocks and shares as an NRI is to set up an NRO or NRE savings account, a trading account, and a demat account .

Two-wheeler loans for working women and students are available from a number of banks and financial institutions. The purpose of these loan programmes is to give women financial independence while also ensuring that they are included in the process. These loans, however, will only be funded to the borrower when they have met all of the eligibility requirements and other terms set by the lender. Conditions and requirements for qualifying may differ from one bank to the next. Purchases such as a motorbike, moped, solar or electric vehicle are all possible with the money provided by this loan. Who is Eligible for a Working Woman's Two-Wheeler Loan? Any woman who has been employed for at least six months. If she has been in business for at least a year, the self-employed woman is eligible to apply for the loan. If a lady student wants to take out a two-wheeler loan, she can apply on her own, but her parents or guardians will serve as co-borrowers. The candidate must be at least eighteen (18) years old. When it comes to a lender's policy, the maximum age restriction may be different. Loan Documents for Working Women Using Two-Wheelers Working women who wish to apply for a two-wheeler loan must provide the following basic documentation. The following are the typical documentation that must be submitted when applying for two-wheeler loans for working women. Address Verification Identity Verification Income Verification such as bank statements, salary slips, and tax returns PAN Card You may get further information about the document requirements here. What are the Loan Sanction Procedure's steps? The procedures below outline the normal procedure for approving a two-wheeler loan. Submission and acceptance of applications The applicant must complete a loan application form (online or offline) and send it to the lender along with the needed documentation list. The lender will check the borrower's eligibility, reliability, and submitted documents. If everything is in order, the lender will authorise the loan. Procedures for application Following acceptance of the loan application, the lender will notify the borrower to complete the terms and conditions with the required papers in accordance with applicable legal rules, at which point the loan will be sanctioned.

In a country where high traffic seems to be  normal, toll plaza lines may be a major source of frustration for drivers, not to mention a waste of valuable time. To address this difficulty, the Government has launched FASTag, an RFID-powered tag, to make the toll plaza experience more efficient. To complete the transaction, just place the tag on your windscreen and proceed through the toll booth. The toll cost will be deducted from your bank account as soon as the tag is detected by the scanner at the plaza. Due to the system's early stage, some bugs and glitches are to be expected. As a result, it's important to be aware of the potential difficulties that might arise when using FASTag. Here are a few typical examples. Tags that have been stolen, lost, or damaged Due to the card's location on the windscreen, it is susceptible to theft or loss. Many FASTag users have had this problem. Make a report if you notice that your Bank-issued tag has been lost or stolen. The sooner you do this, the less likely it is that your lost or stolen tag will be misused by someone else. You can return your tag to us if it's damaged in any way and we'll send you a new one. Double-Deduction Toll fees might be debited from your account more than once. Most of the time, this is the result of a computer malfunction. Contact  customer service or ask for double-deduction reimbursement through  customer portal if you have such a problem with  FASTag. You must notify them of any transaction irregularities within 15 days of the occurrence, after which system will consider the relevant transaction to be error-free. Possible Techncal Errors Another common problem for FASTag users is that the tag malfunctions. RFID scanners may not be able to read your tag in this situation. If you're forced to pay in cash, you'll have to do so. The only exception is when the scanner at the toll booth doesn't operate. FASTag has been Blacklisted If you don't have enough money in your FASTag wallet, you'll have your account blocked. You'll have to pay by cash if you travel by a toll booth with a banned tag. As a result, you should always make sure that you have enough money in your account to cover your trip expenses. Conclusion: Even so, the advantages of adopting FASTag much exceed the disadvantages. To begin with, there's no need to hunt for loose change or stand in long lines. It's also possible to recharge it digitally, without any problems. What's the most exciting part? The tag is good for five years after it is issued.

Using a credit card wisely may make your daily purchases a breeze. You don't have to carry around a large, heavy wallet anymore! A credit card, on the other hand, may be used for much more than merely making purchases using cash. Online credit card applications might really help you save money. With a credit card, you may take advantage of a plethora of benefits and services that you might otherwise be unable to afford, which helps you build up a savings cushion. In addition, it may assist you in better managing your money and keeping tabs on your expenditures. Continue reading to learn how to get the most out of your card and save money over time. Find the Best Deals for Online Shopping When paying with a credit card, you'll often get special discounts and free shipping. They may also provide appealing incentives, such as interest-free EMIs. After you apply for a credit card online, you'll also receive special offers through email over the holiday season! More money in your pocket thanks to deals like these! Save Money on Your Next Flight Booking If you're a regular flyer, you're probably looking for ways to cut the cost of your flights. With a travel-specific credit card, you'll be able to reap rewards on every trip. How? Some credit cards keep track of air miles that may be redeemed for discounted fares in the future. In addition, you may be able to get compensation or other benefits in return for the miles you travel. Use Your Credit or Debit Card to Earn Rewards Points. Spending money on the internet with a credit card earns you reward points. Reward points may be exchanged for anything from air miles and gift cards to cash and items. In order to redeem reward points, each bank and credit card provider has its own unique incentive scheme. Making On-Time Repayments Will Help You Improve Your Credit Score Your credit score may be improved by the use of your credit card, did you know that? As long as you pay your debts on time and use your credit card wisely, your credit score will rise over time. Indirectly, you save money. Numerous advantages, such as increased credit card limits and bigger incentives, are available to those with good credit. Obtaining a loan with a cheaper interest rate is also made simpler, as is the processing time for your loan application

Saving money for a rainy day is more important now that the COVID-19 pandemic has taught us all that lesson. Savings are important, but they should not be your only source of income in the future. For those who have managed to save money, it's time to investigate strategies to increase the value of your savings. Mutual funds, term deposits, the Public Provident Fund, and Direct Equity are among the most popular investing alternatives today. Fixed Deposits, India's most trusted financial product, are an excellent choice for young investors, notwithstanding the trend toward market-linked products like mutual funds. Including a fixed deposit in your investing strategy provides you with the following five advantages: Returns You Can Count On A fixed deposit, unlike an investment in the unpredictable stock market, offers guaranteed profits. When you put money into a fixed deposit, you know exactly how much you'll get back when it matures. The set deposit interest rate that was agreed upon, regardless of the varying interest rates and how the economy performs, will yield the same returns. Risk in the portfolio is reduced Every asset class in your investment portfolio has a certain job to perform, whether it's gold, equities, fixed-deposit certificates of deposit, or equity. A fixed deposit, on the other hand, ensures that your money is safe in the knowledge that it will earn a predetermined amount of interest each month. Loans and Credit are readily available A fixed deposit might come in handy in the event of an unexpected financial crisis. Loans can be taken out against your fixed deposit at any time. Banks normally authorise 70-95% of your total fixed deposit balance, however this varies from institution to institution. Flexibility It's impossible to foresee the onset of adversity. When things are tough, a fixed deposit may be a lifesaver since it allows you to take out money before it matures. Even though you may be required to pay a minor charge or penalty, the procedure is pretty straightforward and there is little to no difficulty involved. The interest rate options available with a fixed deposit include both non-cumulative and cumulative interest. It's a choice between receiving quarterly or monthly interest payments, which you may use to pay your expenses and EMIs, and keeping your savings locked up until the end of the loan term. Compounding interest might help you earn more money. Benefits for Taxpayers You are free from paying taxes on the interest or dividends you get from a Fixed Deposit up to Rs. 10,000 in a financial year. A fixed deposit account having a lock-in duration of five years is free from income tax under section 80C of the Indian Income Tax Act, 1961, which provides relief of up to Rs. 1.5 lakhs per annum. A fixed deposit can be an excellent investment. Also appropriate for short-term financial goals, like as a wedding or the schooling of a kid, that you want to accomplish in the near future.

Following the epidemic, having a comprehensive health insurance coverage has become more important than ever. Buyers, on the other hand, wonder if they should choose a regular health plan or a comprehensive health plan. Both policies cover the costs of basic hospitalisation in the event of a medical emergency. Regular plans, on the other hand, may not cover certain conditions and have a restricted amount of coverage. The benefits of having a comprehensive health insurance plan, are that it covers the expense of regular health exams, critical sickness, recognised and undiscovered diseases, such as covid-19. It also covers cashless treatment at network hospitals, ambulance coverage, childcare procedures, alternative treatment choices, consumable costs, and pre- and post-hospitalization care. Furthermore, most comprehensive health insurance plans provide coverage for outpatient department (OPD) charges, as well as a few add-on benefits and riders. After a set waiting time, it also covers pre-existing conditions, he noted. Physiotherapy, homoeopathy, acupuncture, and osteopathy are also covered by certain insurance. A regular health insurance plan, on the other hand, has restricted coverage. It covers pre- and post-hospitalization medical expenses, as well as additional medical expenses if the insured is hospitalised for more than 24 hours, such as diagnostic fees, pharmaceutical prices, doctor consultation fees, room rent, and so on. Ambulance fees, childcare procedures, pre-existing ailments (with specific waiting periods), medical examinations, and other expenses are also covered.

You've finally come to your senses about the benefits of having a credit card and have chosen to apply for one. The anticipation of purchasing here and there and receiving various rewards built up over several weeks. However, you're at a loss now that your brand-new credit card has come in the mail. The only thing you know for sure is that you're tempted to spend! In spite of the fact that using a credit card is all about making purchases, you should take some time to double-check that everything is set up correctly. This can save you time and money by helping you avoid costly and preventable blunders. If you've never used a credit card before, these are the things you should do when you acquire one: Become familiar with the Terms and Fees You would have received a lot of paperwork with your new credit card. Do go through it to have a basic knowledge of the terms and fees associated with your credit card. Start by checking your credit limit, which is the amount of money you'll be able to put on your card. Find out what your credit card's annual, late, and balance transfer fees are as well as the international transaction and other costs. Install a Mobile Banking app After activating your new credit card and before you begin spending, download the app from your card issuer to set up mobile banking. You'll be able to manage practically every aspect of your credit card in this manner. If you lose or misplace your credit card, you may check your credit score, see your statement, and even freeze your card using your smartphone. If you want to be notified every time your card is used, you may also set up push notifications. Verify the Conditions of the Welcome Bonus Special introductory benefits like free hotel stays, airline companion tickets and extra points may be found on many credit cards nowadays. Occasionally, a mistake is made and the erroneous offer is connected to a transaction. To be on the safe side, you might phone customer support and ask the executive to repeat the available incentives, including the bonus points or amount, the spending criteria, the deadline to satisfy them, and other terms and restrictions. Set up a recurring payment system Paying your credit card bill on time and in full every month is the most critical aspect of using a credit card. Using autopay ensures that you will never be late on a payment again. A higher credit score is also a benefit because interest charges on your purchases are avoided. Make sure you have enough money in your bank account to cover your credit card bill through autopay, as even a single late payment can harm your credit score. Benefits can be activated Many credit cards come with incentives, but you have to sign up for those advantages or enrol in the rewards programmes before you can use them. There's no need to put off this phase, just as there isn't with card activation. Cashback at supermarkets and retail chains, access to airport lounges, and other perks are examples of these privileges. Since not everyone will take advantage of these incentives, banks figure they may as well give them to clients who are prepared to go to the trouble of signing up for them. In order to avoid overspending, limit your credit card spending to no more than 30% of your credit limit or less. This is due to the fact that making heavy use of your available credit can lower your credit score. Keep your new credit card in a secure location and use it wisely. When used wisely, a credit card may be a valuable tool for improving your standard of living and establishing a solid credit history.

The paper serves as verification of the pensioner's continued existence. After showing the certificate to an authorised pension distributor or agency, the pension is credited to their account. What is the source of Jeevan Praman Patra? 1) A number of Citizen Service Centres (CSC) are located throughout India. 2) Pension Disbursing Agencies (PDA) offices, such as the Post Office, Banks, Treasury, and so on 3) It may also be created on a Windows PC/Laptop (ver 7 and higher) or an Android mobile device from home/any location ( KitKat & above ) How can you locate the closest CSC? On the https://jeevanpramaan.gov.in site, click on 'Locate a Centre' to find the nearest CSC. You may also send an SMS with the words "JPL" and your pincode to 7738299899. JPL 110003, for example, and send it to 7738299899. How can I get Jeevan Pramaan from my CSC or PDA office? A pensioner goes to a CSC or a PDA office. He or she gives the operator the necessary information. The operator puts this data into the Jeevan Pramaan Application system. After that, the pensioner must supply his or her biometrics. Jeevan Pramaan is produced with a unique id called Pramaan Id after successful Aadhaar-based biometric authentication. An acknowledgement message with the Pramaan Id is delivered as an SMS to the pensioner's cellphone number. A retiree must submit their Aadhaar number, name, mobile number, and self-declared pension information such as PPO number, pension account number, bank details, Name of Pension Sanctioning Authority, Name of Pension Disbursing Authority, and so forth. In addition, the pensioner must supply his or her biometrics, which might be iris or fingerprint. How can I make a Jeevan Pramaan Patra on the internet? Install the 'Jeevan Pramaan Application' on your computer or smartphone. The application is available for download at https://jeevanpramaan.gov.in. Send in all of the essential information. A Pramaan Id will be produced once the information has been confirmed. The Digital Life Certificate may be obtained by visiting https://jeevanpramaan.gov.in/ppouser/login.

Many investors are increasingly using small case platforms for concentrated investments, and they are finding that it is a simple, convenient, and sometimes more productive approach. Because the markets have been so strong over the previous 20 months, some market participants are wondering whether this alternative would cause a disruption in MF flows. Small case is a marketplace where you may buy a premade basket of shares, ETFs, or direct mutual fund plans that have been selected by SEBI licenced advisers or portfolio managers to assist you establish a low-cost investing portfolio directly. Small case is a marketplace where you may buy a premade basket of shares, ETFs, or direct mutual fund plans that have been selected by SEBI licenced advisers or portfolio managers to assist you establish a low-cost investing portfolio directly. Each instance is centred on a certain subject, approach, or goal. Each instance is centred on a certain subject, approach, or goal. To participate, you must first create an account with one of the discount brokers. Please keep in mind that your friendly neighbourhood broker is unable to provide tiny case items. Small case stock folios are frequently based on algorithms and quantitative models. Astute investors employ them for momentum investing. This is not a feature offered by any mutual fund programme. (However, quant-based mutual fund schemes with limited fund management contact are available.) In any event, the stocks are chosen after extensive investigation. All of the equities in the small case are available to investors. They may, however, adjust the portfolio by adding and removing a few stocks. They can also alter the weightings assigned to each stock. As a result, the investor becomes his own fund manager and can reap the rewards or drawbacks of doing so. The main benefit is that there is no lock-in period or exit load. Many service providers demand one-time admission fees, which you will not know the stock basket unless you pay. Many service providers demand one-time admission fees, which you will not know the stock basket unless you pay. Direct equity investment requires a thorough understanding of equities, valuation concepts, and business trends. If you contact the service provider for details, the advising fees may be comparable to the cost ratio of a mutual fund. Selection is particularly difficult due to the large number of portfolios offered on the small case platform. Diversification is not desirable nor possible with the small case bundle of stocks since it is a concentrated exposure to a subject or a concept. Because of the ease of admission, inexpensive initial investment, and numerous mechanisms such as SIP, STP, and SWP, mutual funds are quite handy. It is extremely impossible to replicate a balanced advantage or similar fund portfolio. In the case of mutual funds, the expense ratio becomes a part of your investment amount, making capital gains computation simple. To put it another way, fund firms alter the Net Asset Value to account for expenditures (NAV). Because you may not be able to leave all of the stocks at once in a small situation, a weighted allocation of advising fees to the stocks in the portfolio may be necessary. When choosing the small case option, the willingness to accept the risk of volatility is assumed. This has the potential to make or ruin a portfolio. Mutual funds, on the other hand, have historically provided consistent long-term returns that have grown in tandem with the economy. Furthermore, fund managers adjust their holdings in response to changing market conditions. To mitigate market collapses, certain MFs are hedged using derivatives. Most crucially, mutual fund investments must be made by 3 p.m. on the same day. During the previous 30 minutes, the market might move up or down. As a result, market timing is difficult to achieve. You can precisely timing the acquisition and selling of a tiny case if you invest in it.

CrossTower has also included an e-gift card option that allows users to give friends and family cryptocurrencies of their choosing. CrossTower has also included an e-gift card option that allows users to give friends and family cryptocurrencies of their choosing. Crypto gift cards have been introduced by cryptocurrency exchanges as a replacement to conventional presents such as sweets given on Diwali and other holiday occasions, owing to increased investor interest. CrossTower has also included an e-gift card option that allows users to give friends and family cryptocurrencies of their choosing. Crypto gift cards have been introduced by cryptocurrency exchanges as a replacement to conventional presents such as sweets given on Diwali and other holiday occasions, owing to increased investor interest. It stated that beginning November 4, everyone may profit from the crypto gift cards, regardless of whether they invest or trade in cryptocurrencies. CrossTower Similarly, CrossTower has created an e-gift card function that allows users to give friends and family cryptocurrency of their choosing. "Indian customers can construct a customised gift card by adding their favourite cryptocurrency from their CrossTower wallet, resulting in a one-of-a-kind card ready to share," the company stated. After enrolling with the platform, users may redeem the e-gift card by sharing the voucher link in the 'Redeem' area of the CrossTower India App (Application). Their CrossTower wallet will be automatically updated with the coin.