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Reasi Terror Attack: What happened? Deaths, terrorist group, police action, survivor's account
A bus carrying pilgrims from Uttar Pradesh and Delhi plunged into a deep gorge after an ambush by terrorists in Jammu and Kashmir's Reasi district on Sunday evening. The terrorists opened fire at the bus when it was en route from Shiv Khori temple to Mata Vaishno Devi shrine at Katra near Teryath village in the Poni area. The bus, a 53-seater, veered off the road and plunged into the deep gorge following the gunfire at around 6:15 pm, an hour before Narendra Modi took oath as Prime Minister in Delhi.
FD rate up to 8.75%, savings account rate of 7.75%: RBL Bank revises savings, FD interest rates
RBL Bank has revised the interest rates of fixed deposits for amounts below Rs 2 crore. The revised FD interest rates are effective from June 8, 2024. The bank has also revised savings account interest rates, and the new rates are effective July 1, 2024.
RFC account for NRIs: What is it, eligibility, how to open and more
For non-resident Indians (NRIs) planning to return to India, managing foreign earnings and assets efficiently is crucial. One effective way to do this is by opening a Resident Foreign Currency (RFC) account.
Want to retire at 50? Start early, save regularly to achieve FIRE
Financial independence, retire early (FIRE) is a movement focused on extreme savings and aggressive investment that aims to allow people to retire much earlier than is possible through traditional budgets and retirement plans. Detailed planning, budgeting discipline, and smart investment are key components to achieve an early retirement.
CIBIL or credit score drop can cost you Rs 19 lakh more on a Rs 50 lakh home loan; 4 ways to avoid it
Many social media users are reporting sudden credit score dips. Erroneous transactions, lender misreporting, and late credit card or BNPL payments, over-utilisation of credit limits are some culprits. If you have a poor credit score or CIBIL score, you'll have pay to a few lakhs extra for any big-ticket loan such as a home loan. It pays to be aware of why credit scores drop suddenly and how it can impact your life. ET Wealth Online speaks to various experts to decode how to maintain a healthy credit score or CIBIL score.
SMS makes a strong comeback as global firms shift away from WhatsApp
Global tech firms like Amazon, Google, and Microsoft have returned to using SMS OTPs in India after Meta's WhatsApp changed pricing and norms for international authentication messages. This has led to a 50-70% increase in monthly international SMS volume for telecom operators in India since March.
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Meta's WhatsApp launches new AI tools for businesses
Meta launches first AI-driven ad targeting program on WhatsApp to boost revenue. CEO Mark Zuckerberg unveils tools for businesses at a Brazil conference, shifting WhatsApp's stance on targeted advertising and enhancing customer engagement.
Re-KYC update of bank account: How to update KYC of bank account online in HDFC Bank, SBI, Canara Bank, ICICI Bank
How to update KYC details: Re-KYC is a procedure that allows banks and other financial organisations to stay up to date on a customer's most recent contact data and personal details. Here is how you can update your KYC details online for these top banks.
What’s fueling the shift in Indian investor behaviour?
India added $1 trillion to the stock market in less than six months, reaching a $5 trillion market cap. Retail investors, with a surge in Demat accounts, play a key role in enhancing market stability and resilience.
Amazon backs social media influencers, launches Creator University
Amazon is promoting India’s social media influencers to create content directly on the Amazon platform. Zahid Khan, director of shopping initiatives at Amazon, highlights the dual approach of leveraging external social media platforms and creating engaging content on Amazon.
Noida businessman duped of Rs 9 crore in WhatsApp trading scam: Report
A businessman named Rajat Bothra from Noida was duped of over Rs 9 crore by cyber thugs after joining a stock market trading group. Social media, especially WhatsApp, has become a breeding ground for scams.
NHCX, a single portal for all health insurance claims soon: what is the claims process, benefits to policyholders
The digital platform, to be launched in 2-3 months, will speed up and standardise claim settlement process, leading to cost benefits for the insured.
Threat of bad advice: A more crucial aspect of financial literacy is not just what to do with money, but also what not to do with it
The real pitfalls arise when bad financial products are marketed as good ones, and investors fail to recognise the deceit. If you are saving and investing, encountering such schemes is inevitable; it’s not an exception, but certainty. Thus, a more crucial aspect of financial literacy is not just what to do with money, but also what not to do with it.
G20 Sherpa Amitabh Kant lauds India's digital transformation journey in 9 years
India has made significant strides in digital transformation over the past nine years, with a 96% reduction in data costs and a 1.4 billion people now having a unique digital identity (Aadhar). This has led to greater access and usage of digital services across the country. India's Unified Payments Interface (UPI) has seen exponential growth, contributing 46% of the global share in real-time digital payments.
Rs 91 lakh penalty on YES Bank for wrongly levying non-maintenance of minimum balance charges: Is your bank charging the same?
Minimum balance negative in savings bank account: RBI has imposed a penalty of Rs 91 lakh on YES Bank for not complying with the master directions on customer service in banks. One of the reason was levying charges on savings bank account having insufficient or zero balance. Has your bank done the same too?
Pune brothers duped of over Rs 2 crore via WhatsApp in an online trading scam: Report
A 53-year-old man from Pune and his brother fell victim to an online trading scam, resulting in a loss of Rs 2.45 crore. The scam initiated through the instant messaging platform WhatsApp, where the victims were enticed with promises of substantial profits from online trading.
Tata Mutual Fund warns investors of fake social media accounts
Tata Mutual Fund has issued a public caution notice to alert its investors, distributors, brokers, investment advisors, partners, and the public about fraudulent activities on social media platforms. The notice highlights the presence of fake websites, mobile applications, and WhatsApp groups impersonating the company or its officials.
Can't pay mutual fund SIP? Missing SIP installment attract hefty penalty; how to decide when to pause or stop SIP
Mutual fund SIP: What happens when you miss your mutual fund SIP installment due to insufficient balance? Do you have to pay a penalty if you don't have money in your bank account to pay your SIP installment? If you can't afford to continue a SIP, should you pause it or exit — how can you make that decision? ET Wealth Online spoke to several experts to find out how to decide when to pause your SIP and when to stop it.
Can you transfer EPF account from unexempted trust to EPFO, exempted trust?
EPF account transfer from unexempted trust: Many salaried individual have Employees' Provident Fund account either with EPFO or exempted trusts. However, what if you have an EPF account with unexempted trusts? Does EPF scheme rules allow an EPF member to transfer the unexempted trusts to EPFO or exempted trusts? Read on to know about it.
Club Vistara points to merge with Air India Flying Returns: What frequent fliers should know about migration; last date to opt out
Vistara-Air India merger: After the much-anticipated merger between Air India and Vistara, Club Vistara will be discontinued. Here is a look at what Club Vistara members should know about the integration with Air India Flying Returns, as per the email communication.
ET Explains: What drives inward remittances?
India has been on top of the charts of remittances from its diaspora. In 2022-23 it crossed the $100billion mark to $112 billion and a record $29 billion in the December quarter alone. But will the uptrend continue? An explainer on what drives inward remittances.
Portugal is facing suspension from the Schengen Zone. Here's what you need to know if you have a trip planned
Travelers eyeing Portugal must be aware of the EU's pressure on the country to implement a new border control system by July 2024, or face suspension from the Schengen Area. Delays attributed to bureaucratic hurdles and financial constraints highlight the urgency and potential impact on tourism and travel plans.
Nomination now optional for joint mutual fund portfolios; what MF investors must know
The deadline for all current individual unit holders who own mutual fund units, either alone or jointly, nominate or opt out of nomination is June 30, 2024; otherwise, the folios will be blocked for debits.
"Just 9483 unread messages...": Sonu Sood's WhatsApp account restored after 61 hours
Actor Sonu Sood had a hard time connecting with his fans after his WhatsApp account was blocked for 61 hours. Sood re-gained access to his WhatsApp account on Sunday. "Finally retrieved my WhatsApp. Just 9483 unread messages in 61 hours. Thanks (sic)," the actor wrote in a post on X.
Demat account: From opening to transactions, here are demat account charges you must know
Opening a Demat Account online is a convenient way to invest in the stock market. But before you dive in, it's important to understand the associated charges. Here's a breakdown of the key fees to consider:
Demat type e-Insurance Account must to buy new insurance policies: 6 things to know
Starting from April 1, 2024, it is mandatory to hold insurance policies in electronic format. It is very similar to how investors hold shares in a demat account.
e-Insurance in demat like format mandatory for all new policies from April 1, 2024; what is going to change?
e-Insurance policies new rule: The Insurance Regulatory and Development Authority of India (IRDAI) has made it mandatory to hold new insurance policies in electronic format from April 1, 2024. e-insurance refers to the process of acquiring and managing insurance policies electronically. Policyholders can purchase insurance and store digital policy documents in a dedicated e-Insurance Account (eIA). This eliminates the need for physical documents and simplifies managing various insurance policies, including life, health, and general insurance coverage. What policyholders must know about this new IRDAI rule
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