Becoming a victim of financial cyber fraud can be a heart-breaking experience. The loss and the sense of having been cheated apart, the agony of having to liaise with one’s bank makes the whole process extremely painful. A new service Now a nationwide initiative has been launched with the launch of toll-free phone #: 155260. Although […]
The EPFO has extended the date for seeding Aadhaar with the EPF account. The new date was announced after the Union labour ministry got several petitions. If the seeding process is not completed then the employee would find it difficult to withdraw the employer portion of the contribution in his EPF account.
The PFRDA has announced relaxation in lump sum withdrawals for NPS subscribers. Now they would be able to withdraw their entire savings if the account doesn’t have a balance exceeding ₹5 lakh. However NPS is a retirement saving tool and the temptation to withdraw cash can derail your retirement plans.
The RBI has issued new guidelines hiking the charges for ATM usage. The new charges will come into force from January 2022. The RBI’s rationale behind the hike in these fees is that they haven’t been revised since August 2014, when they were last proposed. Will customers agree?
Scores of small Indian investors who wanted to make a quick buck are now left licking their wounds. The share price of these penny stocks has tanked that they are unable to recover even their cost. The unflinching belief that a ‘hot tip’ can be rewarding is a minefield for financial disaster.
Making a person your nominee is not a must but is always advisable. A case which is being heard in the Madras High Court dwells on the issue. The petitioner’s father-in-law has claimed the maturity amount saying that he had been paying the premium. The court’s order will have a major impact.
The deposit insurance is supposed to help depositors if a bank fails. However it appears now that some portion of the deposits in the Indian banking system is not covered by deposit insurance and that is sure to raise the heckles for the depositors. Will RBI ask banks concerned to rectify this anomaly and help the depositors?
Global gold prices are expected to end May 2021 on a very robust note. This has been the best month so far in CY2021. Now there is a feeling that there is more upside in prices. Will this really be seen or once again gold will flatter to deceive the investors?
Pandemic-hit Indians chose to reduce their credit card spends as they faced turbulent times. There was also shrinkage of debit card usage in fiscal year 2020-21 as per RBI annual report. Fear of job loss and worry of not being able to pay off credit cards weighed heavily on the users’ minds.
Even if you have a medical insurance policy take charge of your health. There are lifestyle and preventinve healthcare benefits that you can avail from the insurance company if you have a good and healthy lifestyle. Insurance companies are willing to reward you for your efforts. Make use of the opportunity now