Personal Finance News

    Is there a nationwide bank strike today? Check if banks are open or closed today, August 28?

    Bank strike: The All India Bank Employees Association (AIBEA) issued a strike notice on August 19, 2024 that August 28, there is a countrywide strike. Check here to see if the banks are on strike today.

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    Bharat Bandh on August 21; are banks, post offices open today?

    A Bharat Bandh has been called for August 21, 2024, today, by the Reservation Bachao Sangharsh Samiti in response to the Supreme Court's recent ruling on reservations for SC/ST people. During the protest, law enforcement officials have been directed to take appropriate action to preserve order.

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    There needs to be better alignment between patient, hospital, health insurer. The word ‘claim’ is a challenge: Sarbvir Singh, PB Fintech

    "One of the practical things the regulator could do is talk more about claims. In health insurance, the claims data is a mix of corporate and retail, and it’s impossible to disaggregate it and understand what is happening. If we can focus on retail claims and give confidence to the customer, it would be good," says Sarbvir Singh, Joint Group CEO, PB Fintech.

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    Difference between SIP vs SWP vs STP

    If you are confused by personal finance terms, jargon and calculations, here’s a new series to simplify and deconstruct these for you. In the 11th part of this series, Riju Mehta explains how SIP, SWP and STP work.

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    HDFC Bank UPI downtime: Gpay, WhatsApp Pay, PayTM, HDFC Bank app will not be available tomorrow

    HDFC Bank UPI downtime: Gpay, WhatsApp Pay, PayTM, HDFC Bank app will not be available tomorrow

    HDFC Bank will be conducting necessary system maintenance, leading to the unavailability of UPI services for a three-hour period on August 10, 2024.

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    As countdown of FD interest rate fall has started, is it time to stop laddering and invest in long term FDs?

    FD investors have recently benefited from high interest rates, but an upcoming reduction is anticipated. The RBI might follow global trends in rate cuts, impacting FD returns. As the current interest rate on FDs with long tenure is high, investors should consider securing current rates and revising investment strategies to mitigate potential future decreases, balancing long-term savings and liquidity.

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    High uncertainty despite India growth story, reveals survey

    Surging expenses and career progression are the biggest causes for concern, claims the Anishchit Index 2024 study.

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    Fixed vs Floating rate home loan: Understand the difference

    If you are confused by personal finance terms, jargon and calculations, here’s a new series to simplify and deconstruct these for you. In the tenth part of this series, Riju Mehta explains the difference between the two types of interest rates.

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    RBI’s new rules for two-factor authentication of digital payments; Check alternative methods proposed

    The Reserve Bank of India has made securing digital payments a top priority, emphasizing the need for Additional Factor of Authentication (AFA) when making payments. Authentication did not require any particular criteria.

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    UPI, IMPS, retail payments of some banks temporarily unavailable due to ransomware attack on tech-provider

    UPI, IMPS, retail payments of some banks temporarily unavailable due to ransomware attack on tech-provider

    UPI payments: Ransomware attack on C-Edge Tecnologies who manages systems of certain specified banks. As per NPCI's advisory note, "To prevent large

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    The Economic Times