You need to replace your SBI ATM card if it doesn’t have this feature

September 15, 2018

People who have an account with the State Bank of India may have to replace their ATM cum debit and credit cards soon. The biggest lender in the country has asked its customers to change their cards if they do not have an EMV chip by December 31, 2018. Cards with only a magnetic stripe at the back, called magstripe cards have been in circulation for a long time now….

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Home, car loan EMIs to get costlier as RBI hikes repo rate by 25 basis points

September 15, 2018

The Reserve Bank of India’s Monetary Policy Committee (MPC), in its third bi-monthly statement, hiked the key repo rate by 25 basis points (bps) to 6.50 per cent. RBI’s second-consecutive increase in repo rate comes as a bad news for those who have taken loans from banks. This is likely to lead to an increase in the interest bank customers pay on loans, be it home loan, car loan or…

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Sugar stocks jump 20% as government raises ethanol price for blending in petrol by 25%

September 14, 2018

New Delhi: Shares of sugar companies jumped as much as 20 percent in morning trade on Friday after the government raised ethanol price for blending in petrol by 25 percent. The government on Wednesday approved an over 25 percent hike in the price of ethanol produced directly from sugarcane juice for blending in petrol in a bid to cut surplus sugar production and reduce oil imports. The Cabinet Committee on…

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Two Days Left To Pay Second Instalment Of Advance Income Tax For Fiscal 2019

September 14, 2018

The last day to pay second instalment of advance income tax for fiscal year ending March 2019 is on September 15. The Income Tax Department has been reminding people of paying the second instalment for advance income tax by the due date. Short/ non-payment/ deferment of payment of advance income tax will result in a levy of interest. Taxpayers can pay the second instalment of advance income tax online. Advance…

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Flexi-fares set to go from 40 trains

September 14, 2018

NEW DELHI: There’s good news in offing for rail passengers. The national transporter is set to scrap the flexi-fare — called dynamic pricing — plan on 40 trains, representing nearly a third of the total number of premium trains covered by the scheme, as it drove away passengers by making rail fares costlier than airline tickets. On per kilometre basis, airfare cheaper than auto rickshaw ride, says Jayant Sinha “When…

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Now go to jail if your car, bike doesn’t have high security number plates by 13 October

September 14, 2018

The transport department has just announced that they plan to start a crackdown on vehicles that do not have high-security number plates from next month. However, the department has also said that this move will follow a major public awareness programme to ensure that people have time to replace their existing number plates for high-security ones. This won’t be a problem for new car buyers and those who have bought…

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Relief for passengers! Train ticket prices to go down as Indian Railways looks to dilute flexi-fare scheme

September 14, 2018

Indian Railways is in the final stages of diluting its flexi-fare scheme which was introduced in September 2016 – a move that will come as a big relief for passengers as train ticket prices go down. Sources told Financial Express Online that recommendations for partially doing away with the flexi-fare scheme have been sent to Railway Minister Piyush Goyal who is expected to take a decision soon. “The Railway Board…

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SBI changes cash deposit rules for savings bank accounts

September 14, 2018

In good news for State Bank of India or SBI savings account holders, India’s biggest bank has removed the limit on the amount that can be deposited in a non-home branch. This was announced by SBI on Twitter. “Good news SBI customers! Now, the upper cap for depositing cash at a non-home branch has been updated,” the bank said. A home branch is the branch where a customer has a…

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Supreme Court takes note of ‘misuse’ of Section 498A, says anticipatory bail

September 14, 2018

NEW DELHI: The Supreme Court on Friday took note of the ‘misuse’ of Section 498A and said that the accused can now seek anticipatory bail. The court said that though Section 498A of the IPC was enacted to protect women from cruelty in matrimonial homes, its misuse to harass the other side too is causing social unrest. “There should be gender justice for women as dowry has a chilling effect…

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How many credit cards should you have?

September 14, 2018

Instant availability of credit at your disposal is among the finest conveniences offered by modern financial world. There are plenty of avenues to spend money, so are the ways credit card can be used. Most credit card players have tied up with different product and services providers to offer better value propositions to their customers. This has resulted in customers being offered many cards in any of his preferred spend…

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Govt bans Saridon, 327 other combination drugs

September 13, 2018

The health ministry has banned the manufacture, sale and distribution of 328 fixed dose combinations (FDCs) of drugs with immediate effect and restricted another six. This brings to an end a protracted legal battle between manufacturers of these combination drugs and the ministry, which has been working since 2016 to get these “irrational” and “unsafe” drugs banned. Among the roughly 6,000 brands estimated to be affected by the ban are…

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Jio Offers Rs. 50 Cashback on Recharges Above Rs. 300 on PhonePe Transactions

September 12, 2018

Jio turned two years old last week, and has been doling out offers since then to mark the second anniversary of its operations in the country. First it was giving consumers complimentary 2GB data per day for five days, then there was an offer giving buyers of Cadbury Dairy Milk chocolate 1GB of data at no cost. Now, Jio is giving users a Rs. 50 cashback on all recharges above…

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