How EPF Fraud of 100 crore was done from Inactive accounts?
In the last few days, there is news that some EPFO employees have done fraud and siphoned off Rs 21 crores from some EPF account. How was this EPF fraud done? So the fraud was done on those EPF accounts which belonged to small companies which are inactive from 2006 and there were some checks […]
New Bank locker Rules by RBI (100 times the locker rent as penality)
RBI has recently issued some new guidelines for bank lockers which are consumer-friendly to some extent and will come into effect from 1st Jan 2022. RBI went through lots of customer grievances and feedback from banks too and finally came up with some new guidelines. Let’s look at some of the most important points which […]
Rs 98,779 crore lying unclaimed in various accounts in India
Do you know that there is a possibility that your grandparents or someone else in the family might have some bank account or some policy that you are not aware of till today and the money is lying unclaimed for decades? Yes, that can happen!! Can you believe that a whopping Rs 98,779 crore is […]
Loan Moratorium Waiver Benefit by Govt – Get Cashback in your bank account soon!
There is good news for those loan borrowers who didn’t opt for the loan moratorium benefit which was introduced by govt due to the pandemic. The govt has decided to pay the interest on the interest of the loan outstanding and pass on the benefit in form of cashback to loan borrowers. Let me explain […]
Corona Rakshak Policy – Get paid when you catch Covid-19
Health Insurance companies have recently launched one more corona specific health insurance policy called as Corona Rakshak Policy” as per the IRDAI guidelines. This is a benefit based health insurance plan which pays you a lump sum amount when you are diagnosed of covid-19 and are hospitalized for continuous 72 hrs. Features of Corona Rakshak […]
Corona Kavach Policy – Get insured and save high medical bills
The ongoing COVID-19 pandemic has caused a lot of fear and anxiety in our lives because there are no vaccines or any cure available for this illness. If anyone gets COVID +ve there are chances that there may be huge medical bills running into lakhs of Rupees. In case you don’t have big health insurance, […]
3 months EMI Moratorium benefit – Why you should NOT opt?
Today, there was a news about 3 months moratorium (which means a temporary relief) benefit on all kind of loans and how investors won’t have to pay their EMI for 3 months. However it was celebrated by investors without understanding it fully. So I thought of clarifying some doubts regarding it and to share with […]
Will your insurance company cover Coronavirus (Covid-19)?
As I write this, Coronavirus is already spreading in India and there have been 148 positive cases in India. 3 people have died. Coronavirus is spreading across the world and has killed so many across the world (especially China, Italy, Iran, and Spain). A lot of us have bought life and health insurance policies and […]
2 big reasons why markets are falling?
Sensex is down by 7.96% today In the last 1 month alone the markets have corrected by 23% and it was one of the fastest and steepest declines ever in the history of stock markets in India (and globally) A lot of equity investors are very new to this game and many might be wondering […]
5 Major Changes in Budget 2020 (NRI Taxation Myths + New vs Old Slab)
Budget 2020 was a big event. For last so many days before the budget, there was this noise and expectations around raising 80C limits, change in tax slabs, and reversal of Long term capital gains tax on equity or at least giving the benefit of Indexation in equity taxation. However, nothing like that happened. Infact, […]