PERSONAL FINANCE


Moneylife Digital Team 18 August 2021
In a path-breaking judgement the Gondia District Consumer Disputes Redressal Commission has directed the State Bank of India (SBI) to reverse the disputed transaction of Rs18.36 lakh into the customer's bank account.   The Commission even directed SBI to recover the money from the...

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The Ministry of Education has offered a fresh opportunity to all those students who could not register themselves for the Joint Entrance Examination (JEE) Main till now. All such students can now register themselves for the exam on Wednesday. Earlier, the registration process had been...

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Moneylife Digital Team 11 August 2021
Indian banking customers are being targeted by a new type of phishing attack using the ngrok platform (a web service provider). The malicious actors have abused the ngrok platform to host phishing websites impersonating internet banking portals of Indian banks. Using these phishing websites,...

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Walter Vieira Walter Vieira 11 August 2021
It was the first day of work for me as a medical representative (MR) and I began with the first doctor on the list given to me. For me, it was a tense interview—my first. When I was going to my second, I met another MR on the road.    He said hello. He introduced himself as Joe and...

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Moneylife Digital Team 09 August 2021
Health insurance is a useful product in one’s financial planning. It protects your finances from getting drained due to huge bills occurring from medical emergencies and critical illnesses.   Health insurance can be bought as an individual policy to protect only self or as family...

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Rajendra H Gill 07 August 2021
The Reserve Bank of India (RBI) has done it again.   The public auction, yesterday, of the new benchmark 10-year GSec (6.10% GS2031) witnessed decent investor participation with a bid-cover ratio of 1.60. However, RBI rejected ALL bonafide bids for Rs14,000 crore on offer for this...

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Amitabha Banerjee Amitabha Banerjee 06 August 2021
Michael Isitt, the manager of the Bombay branch (sorry, ancient past – ‘Mumbai’ had not arrived yet), posed a problem for the customers of my bank.    “Is it I-sit or Is-it?” They would ask. Actually it was “Eye-zit.”   I was a junior officer in charge of remittances at...

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Sayali Mahashur, Amiti Varma  and   Arjun Kapoor 05 August 2021
Almost 10.6% of India’s population lives with a mental illness, shows data from the National Mental Health Survey (NMHS) in 2016. However, even today, it is difficult and costly to access health services and care for mental illnesses across the country. Although health insurance for mental...

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Walter Vieira Walter Vieira 04 August 2021
In the years gone by, we just greeted our neighbours and others we met on the road with a ‘Good morning’ or a ‘Good evening’ as may be appropriate for the time of day. Everyone said this and moved on.    Over a period, this greeting often transformed to ‘How are you doing?’ One is...

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To safeguard the interest of its customers, the State Bank of India (SBI) has launched a new security feature -- SIM Binding in YONO and YONO Lite.   The new version of these platforms will protect customers from various digital frauds. With the SIM Binding feature, YONO and YONO Lite...

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Many of us in the corporate world would have been taught, through reading and through lectures that jealousy and envy, kill those who feel jealous – rather than those who are the target of the jealousy. Therefore, most mature individuals, who believe in spirituality and in humanity, will try...

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Moneylife Digital Team 27 July 2021
The Delhi High Court (HC) has directed Reserve Bank of India (RBI) to come out with a clear stand for regulation of online lending platforms which are charging exorbitant interest rates from borrowers.    A report from LiveLaw says that  a division bench of chief justice DN Patel and...

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Moneylife Digital Team 27 July 2021
The Pension Fund Regulatory and Development Authority (PFRDA) has announced a new facility for instant verification of bank accounts for enhanced due diligence and to ensure timely credit of National Pension System (NPS) funds after withdrawal by eligible subscribers from the scheme. ...

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Moneylife Digital Team 26 July 2021
Provident fund (PF) or employee provident fund (EPF) is a popular government of India run scheme, which functions as a useful social security net for individuals employed with eligible organizations. Under the scheme, the employees contribute around 12% of their basic pay plus dearness...

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Buying a life insurance plan for the family can be a daunting task for anyone. While there are many advantages, there are also many options to choose from. Life or health insurance plans come with their own set of benefits that can differ from each insurance provider, but all of them offer a...

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Amitabha Banerjee Amitabha Banerjee 23 July 2021
The British Raj had ended nearly three decades ago, but Douglas Kenneth Archibald White had kept the Imperial torch burning. He was the manager of our Delhi branch, where profit was not of much importance, but “pucca”ness was.     The previous year the branch had indeed reported a...

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A motor insurance policy is a crucial policy that covers your vehicle against loss or damage caused due to natural or man-made disasters. In India, the Motor Insurance Act, 1988 mandates a vehicle owner to purchase a third-party insurance policy before taking their vehicles on road. While it...

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Moneylife Digital Team 21 July 2021
HDFC Ergo has launched a new health insurance product Optima Secure with exciting new features. The policy doubles your base sum insured cover when you buy, offers bonus 50% of base cover at renewal and even covers the cost of consumables. Let us find out if it is worth the...

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A good CIBIL score can pave the way for easy and fast credit, whether you need funds for urgent expenses or to meet your life’s goals. While your CIBIL score isn’t the only aspect of your application or profile that is assessed by lenders, it is certainly an important one. While the score...

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Moneylife Digital Team 16 July 2021
India’s largest state-run lender State Bank of India (SBI) has issued a warning about ‘phishing links’ to its customers. SBI has alerted its customers not to click on links containing ‘gift from the national bank’ and ‘freebies’ if received on their mobile number or email ID. SBI disclosed...

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