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.
Here is a look at the details Kotak Mahindra Bank's moratorium on loan EMIs. These are details as published on the bank's website.
Here is a look at the details Punjab National Bank's (PNB) moratorium on loan EMIs. These are details as published on the bank's website.
The government has extended the last date for tax saving for FY2019-20 from March 31, 2020 to June 30, 2020.
ICICI Bank, along with issuing details on availing the moratorium on loans and credit card dues, also issued a set of FAQs on moratorium for equated monthly instalments (EMIs) taken on debit cards.
Here is a look at the details of ICICI Bank's moratorium on loan EMIs. These are details as published on the bank's website.
Here is a look at the details of HDFC Bank's moratorium on loan EMIs. These are details as published on the bank's website.
Here is a look at the details of the country's largest lender, State Bank of India's (SBI) moratorium on loan EMIs. These are details as published on the bank's website.
The date for making various investment/payment for claiming deduction under Chapter-VIA-B of the I-T Act, which includes section 80C (LIC, PPF, NSC, etc), 80D (mediclaim), 80G (donations), has been extended to June 30, 2020.
ICICI Bank, along with issuing details on availing the moratorium on loans, also issued a set of FAQs on moratorium for credit card dues.
Missing two instalments could extend your loan by 6-10 months.
Sunil Mehta, Chief Executive, Indian Banks’ Association (IBA)answers some common questions regarding the 3-month moratorium on loans announced by the Reserve Bank of India
Lenders like Punjab and Sindh Bank, PNB, Canara Bank have announced EMI loan deferment via Twitter.
Indian banking services, apart from basic payment and transfer operations, are likely to come to a halt as lenders impose restrictions on the movement of employees and their interaction with customers to protect them from Covid-19.
People have a lot of misconceptions about what has been promised. Keep these things in mind when you make financial decisions basis the announcements in the relief package.
The option to extend dates without extra charges will come as a relief for those policyholders who have or will now have to reschedule their air ticket bookings due to the strict lockdown measures announced by the government amid coronavirus outbreak
This would mean that if you have a driving license, the validity of which expires on April 5, 2020, then your driving license would remain valid till June 30.
For instance, Bank of Baroda announced that it has reduced its repo-linked lending rate (BRLLR) by 75 bps with effect from March 28, 2020.
These online ordering and delivery platforms have temporarily suspended the COD payment option to minimize the risk of spreading of coronavirus infection and to ensure the practice of social distancing.
Any ICICI Bank savings account customer, who is also on WhatsApp, can access this service. Further, customers carrying only a credit card of the bank can use this service to 'Block/Unblock' their card.
"We would work closely with our member banks and credit institutions to define the data reporting framework basis (after) the announcements made by the RBI Governor, so that during the moratorium period there is no adverse impact on the credit histories and CIBIL Score of borrowers," the company.
Finance minister Nirmala Sitharaman had last week announced several relaxations in compliances including under the income tax.
Coronavirus-specific insurance policies are being launched by insurers. Here are important points to know about the coverage and conditions.
The long-term returns from equity investments tend to beat inflation. The ability of equity to earn a higher return comes from the businesses being able to use borrowed funds, invest them in assets and earn a return that is higher.
Many people are in distress due to the impact of coronavirus, financial or otherwise. Such situations are entirely beyond one's control. Here’s how you can help family or friends who ask for assistance during the current crisis without hurting your own finances.
The ongoing all-India lockdown could be lifted after 21 days or get extended. If the latter happens, the economy will get worse and firms may have to shut shop. Here's how you can achieve career growth even in a lockdown, as you preprare for things to swing either way.
Riding on the rise in online search about Coronavirus, e-mails and websites are being used to steal your data. The theft of information takes place either through malware dropped on to the device or ransomware circulated as part of a mobile app.
Is market entering the bear phase good news for investors? Market experts certainly think so.
Previous market crashes have shown that stocks that lead the uptick before the peak are usually the ones that correct the most. In the 2000 rout, tech stocks took a beating while many industrials suffered in 2008.
Without a community that respects the services of workers, and chips in to support by way of demand where possible, subsidy where needed, lending where feasible, and charity without loss of self-respect, how would we protect the vulnerable?
Since NPS is a long-term retirement product, maintaining the asset allocation is the best strategy. However, it makes sense to add more equity (or going overweight on equities) in times like this.
Do not panic buy, since we are deep into a blind knee-jerk territory right now. This inevitably will again turn into a selling panic as something else happens tomorrow morning and back again in a couple of days.
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