The primary market started 2015 on a weak note as investors seemed to be wary of the recent initial public offerings (IPOs).
Money Today brings you a news digest of key regulatory changes in the personal finance segment this past month that you must know of.
Experts say the insurance industry needs long-term capital for growth, which FDI can bring, and will also be able to invest in innovative products.
Under the scheme, parents and legal guardians can open accounts in the name of two girl children up to 10 years of age. The minimum investment is Rs 1,000 a year.
You will soon be able to make transactions up to Rs 2,000 from credit/debit card without having to provide the card's personal identification number.
This will provide individuals 24X7 access to common account statements online, composite portfolio information, portfolio holding and other scheme-related information.
A look at recent rulings which can affect you
The Bill is stuck in the Rajya Sabha. The ruling party, the Bharatiya Janata Party, is in minority in the upper house, and will need support from other parties there to get the bill passed.
The locker can be accessed at digitallocker.gov.in and elocker.gov.in. Aadhar card is compulsory for creating an account on the websites.
The Reserve Bank of India (RBI) has allowed banks to offer non-callable deposits, fixed-tenure deposit schemes where premature withdrawal is not allowed.
Check out the recent rulings which can effect you.
Two-wheeler owners can soon buy a motor insurance policy for a period of three years.
HDFC Securities is offering this service in collaboration with WillJini, a legal partner which will assist individuals to write their personal Will online.
Soon, you would be able to pay all your bills, including utility bills, school & college fee and local authority taxes through a single electronic payment system.
RBI guidelines in this regard state that banks may undertake insurance business by setting up a subsidiary or joint venture (JV).
The draft guidelines say that retail investors and those under the category of employee reservation in IPOs can invest through the online route.
A look at recent rulings which can affect you.
Under the reinvestment option, the dividend declared is reinvested in the fund and is considered as a new investment and so is locked in for three years.
The cut will reduce the cost of capital for banks and, in turn, cause lending rates to fall.
State Bank of India, Axis Bank and HDFC Bank have decided to charge its customers beyond five transactions in a month.
From March 2015, you will get a consolidated account statement (CAS) of your investments in mutual funds as well as stocks if you have a demat account.





