Bank holidays 2024: Punjab State
The Punjab State government released the list of Bank holidays for the year 2024. The list of holidays Sr.No Date Day Occasion/Festival Date 1 17.01.2024 Wednesday Birthday of Guru Govindji 2 26.01.2024 Friday REPUBLIC DAY 3 08.03.2024 Friday MAHA SHIVRATRI 4 25.03.2024 Monday HOLI 5 29.03.2024 Friday GOOD FRIDAY 6 01.04.2024 Monday BANK’S ANNUAL CLOSING…
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Now you can provide e-Mandates for recurring online transactions up to 1 lakh without AFA
RBI on Friday has increased the without Additional Factor of Authentication (AFA)limit from existing ₹15,000/- to ₹1, 00,000/-per transaction for the following categories: (a) subscription to mutual funds, (b) payment of insurance premiums, and (c) credit card bill payments. e- Mandate is a standard instruction that you provide to your issuing bank and other institutions,…
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Now you can make UPI payment up to Rs.5 lakhs to Hospitals and educational institutions
RBI on Friday in its Statement on Development and Regulatory policies announced that the limit for payments to hospitals and educational institutions from ₹1 lakh to ₹5 lakh per transaction. This will help the consumers to make UPI payments of higher amounts for education and healthcare purposes, said RBI. “Separate instructions will be issued shortly”,…
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17% wage hike for Bank employees: Wage Revision MOU signed between IBA and UFBU on Thursday
The India Banks Association (IBA) and United Forum of Bank Unions (UFBU) an umbrella body of 9 Bank unions AIBEA, NCBE, NOBW, BEFI, INBEF (workmen unions) along with, AIBOC, INBOC, AIBOC, and NOBO (Officers Associations) have agreed to a 17% wage hike based on pay slip basis for all the public sector banks including SBI…
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Are you covered under Critical illness Insurance?
These days, Life and health insurance have gained a lot of acceptance. However, the same is not the case with critical illness insurance. Many people think that their regular health insurance is enough to take care of all types of illnesses and they are unaware of critical illness insurance policy. The regular health insurance products…
Meaning of Migration and Portability of Health Insurance Policies
The IRDAI Migration and Portability guidelines apply to all Retail (Individual) and Group indemnity Health insurance products. Insurance Regulatory and Development Authority of India (IRDAI) via its circular numbers IRDAI/HLT/REG/CIR/002/01/2020 and IRDAI/HLT/REG/CIR/003/01/2020 has issued guidelines on Migration and Portability. The guidelines apply to both Individual-insured and Family floater sum-insured policies. Migration: The insured person may…
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