With private hospitals now offering coronavirus treatment, health insurance claims ranging from Rs 90,000 to Rs 6.5 lakh are trickling in. A clamour is already building up for ‘package rates’ to address concerns of inflated bills.
India is under a 21-day lockdown till April 14 to combat the coronavirus; all domestic and international commercial passenger flights stand suspended during the period.
The COVID-19 pandemic has resulted in a sudden stoppage of work at construction sites across the country and also labourers’ reverse migration to villages.
Equity saving schemes are sold as `one of the safest’ investment products. A typical sales pitch goes like this: “look at the portfolio. It is debt, arbitrage, and a little bit of equity.
Savings bank accounts with deposits up to Rs 50 lakh will earn 3.25 per cent interest as against existing 3.5 per cent, ICICI said. At the same time, it said, savings bank account with deposit over Rs 50 lakh but less than Rs 2 crore will fetch 3.75 per cent, from the current rate of 4 per cent.
If your current health, motor insurance policy is expiring between March 25, 2020, and April 14, 2020, and you are not able to renew your policy because of country-wide lockdown then you can renew such health, motor insurance policy by April 21.
Borrowers have been advised to give instructions in advance to stall the debit, even if they have no money because the bank where they have their savings account might charge them for failure of standing instruction.
Possible beneficiaries could be traditional banks as investors look to shed risky assets.
Investors looking for higher returns post the sharp cut of interest rates in small savings products and bank deposits by up to 140 basis points could turn to banking and PSU debt funds.
Liquor hops in certain parts are selling through the backdoor only to select customers at a premium since liquor shops are closed throughout the country with the exception of Kerala where Indian Made Foreign Liquor (IMFL) is currently being sold. Production and supplies of both liquor and cigarettes have been suspended since the lockdown announcement.
State-owned Punjab National bank on Wednesday said all nation-wide branches of United Bank of India and Oriental Bank of Commerce has started functioning as PNB branches.
According to data shared in the statement, people deposited a total amount of over Rs 1,615 crore and withdrew over Rs 896 crore during the three-day period.
As per IOC's revised rate list that was made public today, the 14.2 cylinder will cost Rs 744 in Delhi from today (April 1, 2020), down Rs 61.5 from the last list (Rs 805.5 per cylinder). For Kolkata the new rate is Rs 774.5 (earlier price 839.5), for Mumbai Rs 714.5 (earlier price Rs 776.5), and for Chennai 761.5 (earlier price Rs 826).