Category: Finance
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Banks Using New Tool To Assess Credit Score For These Customers: How It Works?
TransUnion Cibil has developed an eligibility score for potential credit customers who have no experience carrying debt or using credit cards. The country’s oldest credit assessment firm is looking to tap into the market of under 40 years of age demographic who have no formal credit history. An Emerging Borrower Class These people have never…
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PF Contribution Of 50 Lakh Govt Employees Will Increase From This Date: Find Out Why?
The dearness allowance (DA) of central govt employees will be kept on hold till June 2021 as announced by the Indian govt. Why The Govt Put DA/DR On Hold The govt had kept DA and DR (Dearness Relief) of 3 installments on hold which were due on January 1, 2020, July 1, 2020, and January…
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Digital Wallets Will Issue ATM Cards To Withdraw Cash; Perform NEFT, IMPS Transfers Too
The Reserve Bank of India (RBI), in its latest monetary policy has allowed the cash withdrawal as well as merchant payment from prepaid instruments (PPIs) such as mobile wallets. Digital wallets have also been allowed by the banking regulator to become part of RBI’s centralized payment systems—RTGS (real-time gross settlement) and NEFT (national electronic funds…
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Bank Of Maharashtra, IOB Will Be Sold To Private Firms?
For the first phase of privatization, government may zero in on at least two public sector banks (PSBs). Even in order final the names of potential candidates for privatisation, a meeting will be held between senior officials of the Niti Aayog, the Reserve Bank of India (RBI), and the finance ministry’s financial services and economic…
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From Home Décor to Smartphone Shopping – Shop in No Cost EMIs
The online shopping culture has been on a rise in India over the last decade and the Covid-19 crisis has given this phenomenon an even stronger push. The reason is that during the Covid-driven lockdown, people were forced to stay inside their homes and many of their regular needs were met through online shopping. Even…
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How To Get EMI Facility On Your SBI Debit Card?
No credit card? No Worries! You can still avail EMI facility on your SBI debit card. Major banks offer EMI on debit cards to make online shopping more convenient. In partnership with leading e-commerce sites, the feature has been rolled out. The service is only available to SBI’s pre-selected customers. Debit Card EMI allows users…
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Maximum Amount Of Gold You Can Hold?
Gold is purchased for a number of purposes, such as savings, inflation hedge, asset allocation, and so on. Gold has a high emotional quotient, as well as a high perceived value. Although most Indian families own gold, they must be aware of the maximum amount of gold that can be legally held in India. Gold…
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Maximum Cover Under Arogya Sanjeevani Policy Increased To Rs. 10 Lakh
In a bid to extend health insurance cover to a wider population, insurance regulatory body Insurance Regulatory and Development Authority of India (Irdai) has increased the maximum cover under the standard health insurance plan, Arogya Sanjeevani Policy to Rs. 10 lakh from Rs 5 lakh earlier. Maximum Cover Under Arogya Sanjeevani Policy Increased To Rs.…
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Elon Musk’s Satellite Internet Can Be Cheaper In India
Recently, companies like Bharti Group-backed OneWeb as well as Elon Musk’s SpaceX Technologies have shown interest to enter into India’s satellite internet space. Telecom Regulatory Authority of India (TRAI) is seeking views on various ways to make satellite communications more affordable for ordinary consumers in India and has floated a discussion paper for the same.…
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India’s E-Commerce Market to Grow by 84% in 3-4 Yrs
The e-commerce market in India is growing leaps and bounds and will continue to see exciting developments in the years to come as the post-pandemic market conditions look significantly promising. A recent report by global financial technology company FIS projected the country’s e-commerce market to grow by 84% to $111 billion by 2024 from about…