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…
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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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UP Bank Holidays 2024 under NI Act: Uttar Pradesh State
The Government of Uttar Pradesh in its order No.528/3-2023-39(2)/2016 Dated 05.12.2023 declared the following days as Bank Holidays for the year 2024 under the explanation of Section 25 of Negotiable Instruments Act 1881. Sr.No Date Day Occasion/Festival Date 1 25.01.2024 Thursday MD.HAZARAT ALI’S BIRTHDAY 2 26.01.2024 Friday REPUBLIC DAY 3 08.03.2024 Friday MAHA SHIVRATRI 4…
Do you know what is a hybrid security?
A hybrid security is a single financial security that combines two or more different financial instruments. Following the budget 2023, hybrid instruments held for longer than a year are now more tax advantageous than debt funds because they are subject to a 20% tax rate and may even be eligible for an indexation benefit. Contrarily,…
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