As July approaches, prepare for significant financial changes impacting credit cards, Paytm wallets, and income tax filings. Key updates include Paytm closing inactive wallets on July 20, 2024, SBI Card ending reward points on government transactions, and ICICI Bank adjusting credit card fees.
The fund house, with assets exceeding Rs 93,000 crore, affirmed its commitment to regulatory compliance and promised to provide all necessary support to Sebi. It aims to maintain investor trust while continuing to deliver superior risk-adjusted returns.
The Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) Yojana provides financial aid to landholding farmer families, offering Rs 2,000 every four months. Prime Minister Narendra Modi announced the release of the 17th installment, totaling Rs 20,000 crore, benefiting 9.3 crore farmers.
The Insurance Regulatory Development Authority of India (IRDAI) has introduced new customer-friendly measures for health insurance. Insurers must now cover additional costs if claims are not settled within three hours of discharge.
The LIC's move comes after a proposal to introduce composite insurance companies, allowing life insurers to offer hospitalisation and indemnity coverage, pending an amendment to the Insurance Act.
Gold rates in India saw a slight increase on Friday, coinciding with the celebration of Akshaya Tritiya. In Delhi, 10 grams of 24-carat gold was priced at Rs. 73,240 today, while on the Multi Commodity Exchange (MCX), gold contracts for June delivery traded higher by Rs 93 at Rs 73,090 per 10 grams.
The total value of Rs 2,000 banknotes dropped drastically from Rs 3.56 lakh crore in May 2023 to just Rs 7,961 crore by April 30, 2024, indicating a substantial decline, according to RBI statements.
As May unfolds, several financial changes are on the horizon, impacting mutual fund investors and banking customers alike. While not as transformative as previous months, these changes demand attention and awareness.
Bank customers across India will face disruptions in banking services as banks are set to remain closed for five consecutive days this week due to a series of religious holidays and the weekend.
Financial Changes Effective April 1, FY 2024-25As the financial year 2023-24 draws to a close, significant financial amendments are poised to reshape personal finance from April 1, marking the beginning of the new fiscal year.
With discussions surrounding the stock market, the term "stress test" has gained attention, especially amidst the recent decline in mid- and small-cap shares. Stress tests evaluate mutual funds' ability to liquidate portfolios swiftly during extreme scenarios.
As Mahashivratri approaches in March 2024, banks across India will be closed in commemoration of the festival. This closure coincides with the second Saturday and Sunday, leading to an extended three-day weekend for many individuals.
NHAI's "One Vehicle, One FASTag" initiative aims to streamline toll payment processes and curb misuse of FASTags. Failure to comply could lead to inconvenience and delays at toll plazas. Updating FASTag KYC is a straightforward process through the IHMCL customer portal.
The EPFO said that although a several customers have had interest credited to their accounts, it might take some time for it to show up in their bank accounts.
Two main types of derivative contracts are Futures and Options. These contracts involve agreements between buyers and sellers to buy or sell the underlying asset at a specified price within a certain timeframe.
Highlighting India's distinct progress, Shambaugh mentioned that India has effectively advanced bilateral links between its Unified Payments Interface system and those of other nations, such as Singapore and the United Arab Emirates.
Thе govеrnmеnt has introduced sеvеral mеasurеs to еncouragе homе ownеrship, making it morе affordablе for first-timе buyеrs.
Financial planning is an ongoing process, and expert guidance can tailor solutions to individual needs. Responsible money management is key to securing your financial future and achieving your dreams.
For accumulating funds for retirement, there are multiple financial instruments available in today's time like mutual funds, National Pension System (NPS), PPF among others.
The largest group of 23% of respondents in the survey showed to have encountered credit or debit card fraud while 13% indicated fraud by buying, selling, and classified site clients.
Top News
Latest News
