LIC\’s Aadhar Shila plan is designed for female lives, offering protection and savings. It provides financial support in case of the policyholder\’s death and offers a lump sum at maturity. With options for rider benefits and various policy terms, the plan aims to address liquidity needs. Understanding the guaranteed and non-guaranteed benefits is crucial in evaluating this plan.
The State Bank of India (SBI) has launched the SBI Green Deposit to fund green activities and projects. The Green Rupee Term Deposit is open to individuals, non-individuals, and NRI customers, with tenors of 1111, 1777, and 2222 days. It offers attractive interest rates and allows pre-mature withdrawal, providing a significant step towards promoting green finance in India.
The Indian government relies heavily on taxes to fund various initiatives. Advance Tax, or \’Pay As You Earn\’ tax, requires taxpayers with a liability over INR 10,000 to pay in quarterly installments. Self-Assessment Tax comes into play after the financial year, and failure to pay can result in penalties. Taxable income is calculated based on specific steps, and online tax payment is available via the e-Filing portal.
India has embraced digitalization with FASTag, an electronic toll collection system using RFID technology. Vehicles equipped with FASTag can make cashless payments at toll plazas, reducing waiting times and congestion. It\’s essential to maintain a sufficient balance to avoid paying double toll fees. FASTag balance can be checked via customer care, online, SMS, or the MyFASTag app. The government has made FASTag mandatory for all vehicles to streamline toll plaza traffic.
Health insurance is a vital part of financial planning, offering protection from unexpected medical expenses. This article provides tips for selecting the best policy, including understanding policy types, calculating premiums, and factors to consider. It emphasizes the importance of regularly reviewing policies, understanding claim processes, and consulting experts for ideal coverage.
Bandhan Bank, based in Kolkata, faces controversy over a forensic audit of its CGFMU loan claims. NCGTC, overseeing credit guarantee funds, will audit the bank\’s claims. The controversy affected investor sentiment and stock prices, but the bank\’s clarification helped shares recover. Bandhan Bank is cooperating with the audit and remains confident in claim recovery.
Super Premium Credit Cards are top-tier cards designed for high-income individuals, offering exclusive benefits like higher reward rates, premium travel perks, and high credit limits. Eligibility criteria include high net worth, good credit history, and income. While they often come with high annual fees, the benefits they offer often surpass the costs. Choosing the right card depends on individual needs and spending habits.
The article provides a comprehensive understanding of Current Accounts, including features, benefits, comparison with Savings Accounts, and the process of opening one. It emphasizes the importance of choosing the right bank to meet business needs, highlighting factors such as fees, accessibility, customer service, and product offerings. A Current Account is essential for businesses, offering high security, business-friendly features, overdraft facility, and ease of operation.
In a major cyber heist, an ex-banker and accomplices hacked a payment gateway company in India, siphoning Rs 16,180 Crore to offshore accounts. The incident triggered a push for stricter cybersecurity measures and regulatory oversight in the financial industry, emphasizing the constant threat of evolving cybercrimes and the necessity for collective action.
The Rs 16180 Crore Fraud: A Tale of Cyber Intrigue Read Post »
Credit reports play a crucial role in our financial lives. They contain information about our credit history, including loans, credit
