Money

Stock market holidays delay the credit of redemptions from mutual funds into investors’ bank accounts.
If you’re going through a liquidity problem, the moratorium on EMI will ease your passage through this difficult period. Photo: iStock
SBI Doorstep banking service is available to only fully KYC-compliant customers. (Mint)
Ever since the pandemic broke out in India, insurers are seeing more traction for the purchase of health insurance policies. Photo: iStockphoto
Ever since the pandemic broke out in India, insurers are seeing more traction for the purchase of health insurance policies. Photo: iStockphoto

Is a 5 lakh health cover enough for covid-19 treatment?

  • While there is a cap on what private labs can charge for the covid-19 test, there is no limit on how much private hospitals can charge for treatment
  • According to claims that have been filed for covid-19, treatment can cost anywhere between 50,000 to 4.5 lakh depending on how critical the patient is

Bank Holidays in April 2020. (Mint)
Photo: iStock
Photo: iStock
Photo:iStock
The finance minister has relaxed the rate of interest on due taxes from 12% earlier to 9% per annum (Photo: iStock)
The finance minister has relaxed the rate of interest on due taxes from 12% earlier to 9% per annum (Photo: iStock)

Tax deadlines, penalties you needn’t worry about

  • Deadlines have been relaxed but use the lockdown to take care of your unfinished tasks
  • Many of these tasks such as paying due taxes and investing in tax-saving instruments can be done online

Photo: iStock
(Photo: AP)
(Photo: iStock)
Prime Minister Narendra Modi (Photo: PTI)
A look at the details of SBI's moratorium on loan EMIs. (PTI)
ICICI Bank has shared the link through SMS and e-mail, so in case you do not wish to avail, you can opt-out. (Mint)
There are over 1.5 lakh post offices across the country, of which around 1.3 lakh branches are in rural India.
Most banks have come out with detailed FAQs to bring clarity on how the moratorium will work
Photo: iStock
The RBI announcement came on 27 March, by when most EMIs for the month are already paid, so in effect the grace period is technically just two months. (Photo: iStock)
The RBI announcement came on 27 March, by when most EMIs for the month are already paid, so in effect the grace period is technically just two months. (Photo: iStock)

Opinion | Why you should keep paying EMIs

Don’t take this largesse if you are not strapped for cash as extra interest will get added to loans

Photo: iStock
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