Author: Finance Khabar
Meerut : Bharti Airtel (“Airtel”), one of India’s leading telecommunications service providers, today, unveiled affordable international roaming packs for customers travelling abroad. The new packs include access to 184 countries and the tariffs start at as low as Rs. 133/day, making them an affordable option even when compared to local sims. In addition, they offer enhanced data benefits, in-flight connectivity and 24×7 contact centre support. To make things as convenient as possible, Airtel has also ensured that customers travelling to these 184 countries no longer need subscribe to multiple packs for various travel destinations and have the convenience to simply…
Finance Desk – When to pay your credit card bill helps you maintain a healthy credit score, avoid unnecessary fees. Here’s a simple guide to help you. What is a Credit Card Statement? A credit card statement is a summary provided by your credit card issuer that lists all the transactions. It includes all your purchases, and any cash advances. Why is the Due Date Important? The due date on your credit card statement is the deadline by which you must pay at least the minimum amount due. This date is typically 20-25 days after your statement date. Best Practices…
Finance Desk – The Insurance Regulatory and Development Authority of India (IRDAI) has recently announced significant changes to health insurance regulations. They open new opportunities for individuals over 65 years old and those with serious health conditions. This move marks a progressive shift towards more inclusive health care insurance coverage, include demographic groups senior citizens, students, children, and those with maternity needs. Health Insurance Guidelines: ( Image/Pixabay)
Finance Desk – Investing in mutual funds has become increasingly popular in India. A Demat account plays a crucial role in this context by simplifying how investors handle their investments. What is a Demat Account? A Demat account is essentially a digital wallet for your investments. It holds your financial securities like stocks, bonds, and mutual funds in electronic form. Let’s take a look how you can manage mutual funds investment through Demat Accounts: (Image/Pixabay)
Finance Desk – As interest rates hike, managing your home loan becomes crucial. So, here are some straightforward strategies to help manage your equated monthly instalments (EMIs). Consider Prepayment Paying off a part of your loan early can significantly reduce the amount of interest. If you have some extra cash, like a bonus or a significant financial windfall, using it to prepay your home loan. Home Loan Overdraft Facility A Home Loan Overdraft (HLOD) facility allows you to deposit surplus funds. Interest is calculated on the net balance, effectively reducing the loan amount temporarily and decreasing the interest you owe.…
Finance Desk – When you need a personal loan, you might come across two main types: secured and unsecured. Let’s break down it, so you can make an informed decision. What is a Secured Personal Loan? A secured personal loan requires you to offer something valuable you own as collateral. This collateral could be your car, savings account, or even valuable items like jewelry. If you can’t pay back the loan, the lender can take your collateral. Benefits of Secured Personal Loans Lower Interest Rates: They usually offer lower interest rates compared to unsecured loans. Higher Loan Amounts: You can…
Finance Desk – Many people choose corporate fixed deposits issued by non-banking financial companies (NBFCs) and housing finance companies because they often provide higher interest rates. Here we have listed down best corporate FD options available in April 2024 Shriram Finance Shriram Finance has recently boosted its fixed deposit interest rates by up to 20 basis points for various tenures. As of April 9, 2024, women senior citizens can enjoy an interest rate of 9.4% per annum on FDs for 50 and 60 months. This rate includes extra benefits of 0.50% for senior citizens and an additional 0.10% for women.…
Investing in mutual funds offers individuals a convenient and accessible way to participate in the financial markets, allowing them to pool their money with other investors to buy shares in a diversified portfolio of assets. However, successful mutual fund investing requires a nuanced understanding of how asset allocation influences investment outcomes, particularly in terms of managing risk and maximizing potential returns. Exploring asset allocation: Asset allocation serves as the foundation of investment strategy within mutual funds, encompassing the process of distributing investments across different asset classes such as stocks, bonds, and cash equivalents. Each asset class presents varying levels of…
Finance Desk – March 2023 witnessed some notable shifts in India’s mutual fund landscape, particularly affecting smallcap and midcap funds. For the first time in two and a half years, smallcap mutual funds experienced net outflows. Specifically, these funds saw a withdrawal of Rs 94 crore. This change follows a period of rising concern from the Securities and Exchange Board of India (SEBI). Midcap funds inflows dropping dramatically by 44 percent to Rs 1,018 crore. SEBI’s recent instructions for mutual funds to conduct thorough reviews of their small and midcap holdings for liquidity and volatility likely contributed to this cautious…
Finance Desk – The new scam has emerged, targeting unsuspecting motorists with what appears to be official e-challan (electronic traffic violation fines) notifications. One such incident recently unfolded in Mumbai, where a businessman became a victim, losing Rs 3 lakh to scammers. The incident in question involved a businessman from the Peddar Road area in Mumbai. He received an SMS about an e-challan against his car, urging him to pay the fine promptly. The message looked legitimate enough for him to follow the provided link and download an app named ‘vahanparivahann.apk’. Unfortunately, even after attempting to make the payment through…
Finance Desk – As you all know starting from April 1st, insurance policies in India has taken a leap into the digital age. The Insurance Regulatory and Development Authority of India (Irdai) has introduced a new rule requiring all insurance policies to be issued digitally. The aim of this rule is making the management of policies more streamlined and secure for policyholders. With an e-insurance account (eIA), you can keep track of all your life, health, and general insurance policies in one secure place. This is not only for convenience but also about ensuring the safety and accessibility of your…
Finance Desk – Tata Mutual Fund has recently unveiled six new index funds. These funds were launched on April 8 and include a variety of sectors such as auto, realty, financial services, healthcare, manufacturing, and infrastructure. With a minimum investment of Rs 5,000, investors have a unique opportunity to diversify their portfolios across different industries and market capitalizations. The New Fund Offers (NFOs) for these index funds will be open until April 22. These are the Tata Nifty MidSmall Healthcare Index Fund, Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund, and Tata Nifty500 Multicap Infrastructure 50:30:20 Index Fund. Created in…
Finance Desk – The Reserve Bank of India (RBI) has recently made a crucial decision that impacts many of us, especially those with home loans or those looking to buy a home soon. On April 5, 2024, the RBI’s Monetary Policy Committee (MPC) chose to keep the repo rate steady at 6.50%. What is the Repo Rate? The repo rate is the interest rate at which the RBI lends money to commercial banks. A higher repo rate makes borrowing more expensive for banks, which in turn makes loans more expensive for us. A lower repo rate does the opposite. RBI…
Finance Desk – In the world of personal banking and loans, there’s been a noticeable shift. The personal loans category includes unsecured loans like credit card debts and consumer loans, is starting to slow down. But what’s the reason behind this? Actually, the main reason is Reserve Bank of India’s (RBI) decision to increase the risk weight on personal loans last year. The RBI asked banks and financial institutions to set aside more money as a precaution for loans that don’t have any collateral. Collateral is something of value, like a house or car, that can be taken by the…
Finance Desk: Fixed Deposit is a prudent choice for those looking to secure their savings while earning a steady income. So, let’s delve into a detailed comparison of the FD interest rates offered by three major banks in India: State Bank of India (SBI), HDFC Bank, and ICICI Bank, focusing on deposits under Rs 2 crore. HDFC Bank offers interest rates up to 7.75% depending on the deposit tenure and the depositor’s age. The interest ranges from 3.00% for very short-term deposits of 7 to 14 days to 5.00% for long-term deposits stretching from 5 years and 1 day to…
Finance Desk – The Reserve Bank of India (RBI) has announced that all bank branches dealing with government receipts and payments will remain open on the weekend of March 30 and March 31, 2024. The decision has been taken to facilitate the processing of government transactions as we approach the end of the financial year 2023-24. Banks will operate on Saturday, March 30, and Sunday, March 31, during their normal working hours to handle government-related transactions. Banks with currency chests are advised to keep these operational on March 31, treating it as a regular working day to ensure smooth transactions.…
Finance Desk: Accel, a leading venture capital firm, has announced eight pre-seed startups building in the AI and Industry 5.0 domains for the third cohort of its esteemed accelerator program, Atoms. The selected startups for this exciting new cohort include Spintly, Assets, Tune AI, Skoob, Arivihan, and Meritic. Accel’s Atoms is a six-month pre-seed accelerator program. The cohort receives up to $500,000 in funding, access to a range of perks from Accel’s network partners, personalized mentorship from industry experts, and the invaluable opportunity to collaborate with founders from previous Atoms cohorts and Accel’s extensive portfolio of companies. The 24 startups…
New Delhi, March 22, 2024: Cricket fever captivates the nation once again as the biggest T20 league starts today. Airtel has unveiled special, limited period IPL Bonanza offers for its users starting from INR 39. For all prepaid customers, Airtel has revised its existing Unlimited Data pack plans of INR 49 and INR 99 to special two new packs at INR 39 and INR 79 respectively. The packs are customized for IPL 2024 to offer uninterrupted connectivity to Airtel cricket fans and ensure they don’t run out of data while streaming the matches. MRPBenefitRemarks39Unlimited Data | Validity: 1 Day (same…
Meerut, 20th March, 2024: As part of Apollo’s initiative of providing advanced treatment to people across the country, Indraprastha Apollo Hospitals , New Delhi, organized a conference in Meerut spotlighting monumental advances in plastic surgery techniques and oncology. The conference aimed at highlighting the potential for growth in reconstructive and aesthetic procedures along with advancements in oncology due to rising awareness and incomes in India. The conference featured Dr. Kuldeep Singh, Senior Consultant, Plastic and Reconstructive Surgery, Indraprastha Apollo Hospitals, and Dr. Praveen Kumar Garg, Senior Consultant, Surgical Oncology, Indraprastha Apollo Hospits. They elaborated on the ethical standards, safety protocols, and…
Imagine two companies decide to either merge together into one or one buys the other. This move can be pretty exciting, but what does it mean for you if you own shares in these companies? Your Shares Could Be Worth More When companies join forces or one buys another, they’re often aiming to be stronger together. This could mean they make more money or cut down on extra costs. When this happens, the value of the company increases, and so does the value of your shares. It’s like when two superheroes team up; they’re usually stronger together. Spreading the Eggs…