PERSONAL FINANCE


MDT/PTI 16 July 2012
Apart from providing death cover under natural circumstances, the plan provides cover against accidental death, a waiver of premium in case of accidental disability and critical illness cover for 12 illnesses with 20% of the basic sum assured prior to the age of 70 years   Mumbai:...

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MDT/PTI 16 July 2012
The HDFC Bank MD and CEO said only a couple of banks have increased their pricing because they were not getting traction on the savings deposits front   Mumbai: Terming the impact of Reserve Bank of India (RBI)'s decision to deregulate savings accounts rates last year as...

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New Delhi: In order to boost the National Pension Scheme (NPS), the Pension Fund Regulatory and Development Authority (PFRDA) has relaxed norms for registration of pension fund managers to ensure greater competition by removing cap on the number of Pension Fund Managers (PFMs), reports...

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Moneylife Digital Team 13 July 2012
Tata Power customers from Mumbai can now pay their bills from anywhere, anytime at their convenience using Itz Cash Card Tata Power said it is offering one more payment facility for its customers from Mumbai through Itz Cash Card.   Tata Power customers can now make their bill...

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While genuine customers are made to run around for opening new accounts, banks continue to encourage dubious accounts knowing fully well that they are used to launder black money A bunch of tech-savvy thieves has been exploiting a design flaw in the working of automated teller machines...

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Insurance is easy to buy but tough to claim, if you are an individual.  Raj Pradhan narrates a real-life story that takes you through the labyrinth of insurance company, broker, TPA and hospital to explain how to make a valid claim and how to avoid going out of pocket The point about...

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Moneylife Digital Team 12 July 2012
New products, regulations, features and options, interpreted from your perspective Aviva Health Secure: Online critical illness plan The Aviva Health Secure Plan provides the policyholder with a lump sum amount on diagnoses of any of the 12 critical illnesses covered by the policy....

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The Swarnajayanti Arogya Bima Yojna provides universal medical insurance to entire population from Goa Panaji: Goa government will rework the universal medical insurance scheme covering its population by raising the ceiling of the benefit to Rs2 lakh from Rs60,000, state Health Minister...

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The Employees Provident Fund Office is more than willing to help with online facilities Nothing can be more depressing than meeting young people who have lost their jobs due to the ongoing slowdown such as airline pilots and seafarers as well as people from the infotech industry. Many of...

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Filing of income tax returns online is very easy and free, especially for salaried people. There is no need to visit sites that charge some money for e-filing your I-T returns   Every year July not only brings heavy downpour but also makes every salaried taxpayer to tighten their belts...

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G Venkatesh 06 July 2012
Why are employee exits often acrimonious? G Venkatesh narrates several real-life stories to drive home the lessons learnt New recruits join an organisation with lot of energy and enthusiasm. But seldom do we have situations where there is an amicable parting of ways between an...

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Maharashtra Chamber of Housing Industry has called for more interest rate concessions for lower middle and economically weaker sections for buying home Mumbai: While welcoming extension of interest subsidy scheme for this year, real estate industry body Maharashtra Chamber of Housing...

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MDT/PTI 05 July 2012
Under the tie-up, people can send money through any agent location of UAE Exchange and Financial Services called Xpress Money to a registered mobile number in India   Mumbai: Private sector lender Axis Bank said it has entered into a tie-up with UAE Exchange and Financial Services to...

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MDT/PTI 05 July 2012
For salaried individuals the fee starts as low as Rs150, inclusive of taxes, which can be paid by the customer through SBI internet banking or debit card, SBI said   New Delhi: State Bank of India (SBI) launched a new service that will facilitate filing Income Tax returns online,...

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MDT/PTI 05 July 2012
SBI will not levy any charge for breaching minimum balance criteria for savings bank accounts   New Delhi: In order to attract new customers, State Bank of India (SBI) has done away with minimum balance criteria for saving bank accounts, reports PTI. The bank will not levy any...

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A leading Mumbai-based surgeon (who prefers to be anonymous) tells the inside story about mediclaim lacuna based on real life experience. Excerpts of the interview: Moneylife (ML): Can you share real life health insurance issues that you have come across? A. Many insurers now insist...

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MDT/PTI 05 July 2012
While seven relatively small private banks have introduced customer-friendly interest rate policies, the big banks have yet to respond to it, says the RBI governor   Chennai: The Reserve Bank of India (RBI) wants larger banks to come out with customer-friendly interest rate policies...

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Even after the introduction of the base rate system there is lack of transparency in the customer-specific spread charged to a borrower over the base rate Chennai: Concerned over the lack of transparency in bank lending rates, Reserve Bank of India (RBI) Governor D Subbarao said the...

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Paul Kiel (ProPublica) 05 July 2012
Last month, the government released information on the compensation victims of the banks' foreclosure practices might receive. For homeowners, it turns out that it's crucially important just how the bank messed up. Can you put a price on the damage caused by a wrongful foreclosure?...

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MDT/PTI 04 July 2012
The limit of subsidy for an individual borrower would be Rs14,912 for a loan of Rs15 lakh, and Rs9,925 for a loan of Rs10 lakh and the extended scheme will benefit all housing loans availed in the current financial year   New Delhi: The government on Wednesday extended the 1% interest...

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