Holidays spoil the liquidity promise of mutual funds

• The redemption from liquid funds works on a T+1 basis
• Investors should note that liquid funds have a graded exit load for redemptions made within 7 days of purchase

Prepayment can help you get rid of extra debt that moratorium will add

• While the moratorium will alleviate short-term financial stress, it will increase long-term borrowing costs, making your loan a lot more expensive.

SBI doorstep banking service facility: Eligibility and other details explained

• State Bank of India (SBI) provides doorstep banking services to its customers
• Doorstep banking service includes cash pickup, cash delivery, cheque pickup, cheque requisition slip pickup, among others

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

Banks to remain closed 15 days this month. Full list of bank holidays in April

• Banks in India will remain closed for 9 days in April 2020 due to various holidays
• Banks remain shut on second and fourth Saturdays of every month

How much a house costs in Delhi-NCR

Here is the list of average price of flats across five price bands in Delhi-NCR

How having a financial plan can help caregivers protect special children

Setting up a trust will take care of basic needs and will also act as a safety net

Bring in debt investments to balance out an equity-heavy fund portfolio

Given your time-frame, do remember that as you near the end of your investment tenure, you would need to start de-risking your portfolio by shoring up your profits to more secure debt instruments

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

Debt funds to suit three basic needs

• Select the schemes after evaluating portfolio features and risks
• Keep in mind that higher returns come with higher visible and invisible risks

What's in fine print of PSBs' moratorium plan: You'll be charged interest later

• State Bank of India said 'interest shall continue to accrue on the outstanding portion of the term loan during the moratorium period'
• Indian Banks' Association said that borrowers whose incomes have not been impacted by Covid-19 pandemic and the consequent lockdown should pay their EMIs in time

Loan moratorium: Most pvt banks go for 'opt-in' option to avoid extra interest

• HDFC Bank said it would encourage customers with adequate funds to continue repayments to avoid the extra interest charges and tenor extension of the loan
• Kotak Mahindra Bank asked customers to write to an email ID for 'opting in' for the moratorium

PM-CARES Fund: What to know about tax benefit offered to individuals, corporates

• The donation made to the PM-CARES Fund shall be eligible for 100% deduction under Section 80G of the IT Act
• Further, the limit on deduction of 10% of gross income shall also not be applicable for donation made to PM CARES Fund

SBI loan EMI moratorium: Terms, conditions and charges

• The bank has decided to extend the moratorium for payment EMIs in all term loans for a period of 3 months, SBI tweeted
• SBI issued the list of emails for sending the application for deferment of EMIs.

ICICI Bank loan EMI moratorium: Terms, conditions and charges

• Details of ICICI Bank's moratorium on loan EMIs is published on its website
• Last week, the central bank directed all banks to provide a three-month moratorium on repayment of term loans

Post office deposit schemes record transactions worth ₹2,680 crore in 3 days

• According to data shared, people deposited a total amount of over ₹1,615 crore and withdrew over ₹896 crore during the three-day period
• The government has sharply cut the interest rate on small savings schemes

SBI, Bank of Baroda, others announce EMI moratorium. Know the cost and details

• Banks are following different processes with regard to availing the facility of EMI moratorium
• SBI has chosen the 'opt-in' route while IDBI Bank has chosen the 'opt-out' route

Issuing a public notice before buying house can help avoid disputes

To be a bona fide purchaser of immovable property, a buyer has to prove that he had acted in a prudent manner prior to purchasing the immovable property and has paid the entire consideration, which was agreed upon, to the seller

As you wait out the lockdown at home, make time to write a Will

• In the absence of a Will, assets such as property can become a point of conflict among your loved ones
• Remember that you can revise the Will as many times as you want. Only the last one will be counted as valid