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LIC Housing Finance offering home loans up to Rs.2 cr at 6.66% interest
by Ayush Agarwal / 01:15 pm 25 Sep 2021 Saturday

LIC HFL, in July, announced to offer home loans at an interest rate of 6.66% for an amount up to Rs 50 lakh to new borrowers. This offer has been extended for loans up to Rs.2 crore. The offer is available for all borrowers with CIBIL score of 700 and above, irrespective of their occupation.

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Up to 7% interest on savings accounts
by Ayush Agarwal / 12:45 pm 25 Sep 2021 Saturday

Ujjivan Small Finance Bank, Equitas Small Finance Bank and AU Small Finance Bank are offering interest rates up to 7% on savings accounts. While DCB Bank offers interest rates of up to 6.75% and Suryoday Small Finance Bank is offering interest rates up to 6.25% on savings accounts.

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REIT fund of funds to be launched by Mahindra Manulife and PGIM
by Ayush Agarwal / 12:15 pm 25 Sep 2021 Saturday

Mahindra Manulife MF is launching Mahindra Manulife Asia Pacific REITs FoF. The offer will open on September 28, 2021. The scheme will invest its entire corpus in Manulife Asia Pacific REIT FoF (MAPRF), which in turn invests in REITs globally. PGIM India MF is also planning to launch a similar global REITs FoF in October, 2021.

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3x returns in 10 years in small cap SIP
by Ayush Agarwal / 11:45 am 25 Sep 2021 Saturday

Nippon India Small Cap Fund leads as an SIP of Rs 10,000 per month over the last 10 years would have generated a total corpus of Rs. 47 lakh delivering XIRR of 26%. SBI Small Cap Fund also gave the same XIRR. Kotak Small Cap Fund, DSP Small cap, Franklin India Smaller Cos Fund followed with 23%, 22%, 20% respectively.

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Stricter underwriting norms for group life insurance policies
by Ayush Agarwal / 06:15 pm 22 Sep 2021 Wednesday

As per MD & CEO of Ageas Federal Life Insurance, insurance companies have made underwriting more stringent for group term policies, and the pricing has also become more expensive. This has been done as the group term policies have become more risky after the second wave, due to rising claims.

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HDFC home loan starting at 6.70%
by Ayush Agarwal / 06:00 pm 22 Sep 2021 Wednesday

For the festival season, HDFC Ltd has announced that home buyers can avail HDFC home loans starting at an interest rate of 6.70% p.a. The offer will be applicable on all new loan applications irrespective of the loan amount. However the rate will be linked to the borrower’s credit score.

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Dearness Relief increased to 356% of basic ex-gratia
by Ayush Agarwal / 05:45 pm 22 Sep 2021 Wednesday

The Central Government has revised the Dearness Relief (DR) from 312% of the basic ex-gratia to 356% for surviving CPF beneficiaries who retired from service between 18th November 1960 and 31st December 1985. The increased DR would be provided w.e.f. 1st of July, 2021.

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BSE hits 80 million investors mark
by Ayush Agarwal / 05:15 pm 22 Sep 2021 Wednesday

As per data released by BSE, the number of stock investors (Unique Client Codes) has risen by 10 million over the past three months from 6 June to 21 September. The number of stock investors registered with the exchange has risen from 70 million in June 2021 to 80 million at present.

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HDFC Bank ties up with Paytm to sell credit cards
by Ayush Agarwal / 05:15 pm 21 Sep 2021 Tuesday

HDFC Bank has announced a tie-up with Paytm to start selling co-branded credit cards. The credit cards will be powered by Visa and will include offerings targeted at millennials, business owners and merchants. Paytm has a reach of over 330 million consumers and 21 million merchants.

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Airlines to operate at 85% capacity
by Ayush Agarwal / 04:15 pm 21 Sep 2021 Tuesday

The government has allowed airlines to increase capacity to 85% of pre-Covid flights, from 72.5%, and said it will regulate last-minute airfares for flights up to 15 days from the date of booking, starting next month. According to the slab, fares for short-haul flights range between Rs.2,900-8,800, and for long flights between Rs.9,800-27,200.

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1.46 million net subscriptions of EPF hit
by Ayush Agarwal / 03:45 pm 21 Sep 2021 Tuesday

Net subscription to the employees' provident fund rose to a record high of 1.46 million in July this year. The data, also called net payroll data, was higher in each of the first four months of the current financial year than the average monthly figure of previous years.

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Submission of Digital Life Certificate to begin soon
by Ayush Agarwal / 05:15 pm 20 Sep 2021 Monday

Submission of Digital Life Certificate by various pensioners will soon begin at Jeevan Pramaan Centres (JPCs) at Head Post Offices across the country. The facility of submission of Life Certificates by the pensioners aged 80 years and above will be allowed from 1st October 2021 to 30th November 2021.

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Robinhood giving $15 to start trading journey
by Ayush Agarwal / 04:15 pm 20 Sep 2021 Monday

Robinhood will give college students $15 to trade if they sign up for brokerage accounts using their .edu school email addresses. Students opening Robinhood accounts will also automatically be entered into a contest awarding $20,000 for tuition, which five students will win, for a total of $100,000 in prizes.

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PNB brings down home loan interest rates
by Ayush Agarwal / 01:15 pm 20 Sep 2021 Monday

In the spirit of festivity, PNB has announced that it has cut down the interest rate on home loans by 50 bp. Now home loans are offered at 6.60% irrespective of any upper ceiling limit. The said rate is also applicable to balance transfer cases and is lowest among public sector banks.

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Last date to link PAN-Aadhaar extended
by Ayush Agarwal / 04:45 pm 19 Sep 2021 Sunday

The last date to link Aadhaar with PAN has been extended by the government. The last date for linking Aadhaar with PAN will now be March 31, 2022. Earlier, the last date to link PAN card with Aadhaar card was September 30, 2021.

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