Preeti Kapoor

                                  DA Hike for Central Government Employees   DA Hike for Central Government Employees- 7 th Pay Commission DA Hike News Dearness Allowance A big good news for central government employees is here in terms of the Dearness Allowance. According to the latest development, a big decision is taken on DA. DA has been increased from 17 to 28 percent Relief The government has approved to increase the Dearness Allowance to Central Government employees. And Dearness relief to pensioners with effect from 01.07.2021 to 28%. An increase of 11% over existing rate of 17% of Basic Pay/Pension In this blog I have discussed about " DA Announcement "

  KOTAK GLOBAL INNOVATION FUND OF FUND  KOTAK GLOBAL INNOVATION FUND OF FUND-In this blog we will discuss about  KOTAK GLOBAL INNOVATION FUND   KOTAK GLOBAL INNOVATION FUND OF FUND Invest in global innovators like Amazon, Google, Facebook, Walt Disney, Netflix About Global Innovation Fund of Fund Kotak Mahindra AMC Ltd has launched a new fund offer for kotak Global Innovation Fund. The fund is open for subscription between July 8 and July 22, 2021 Investment Objective Product is suitable for investors who are looking for: Long-term capital growth Investment in units of Wellington Global Innovation Fund or any other similar overseas mutual fund scheme/ ETFs Top holdings in the portfolio of the underlying fund Kotak Global Innovation Fund will invest in units of Wellington Global Innovation Fund or any other similar fund schemes. The companies mention here are forming part of its portfolio. Fund performance with benchmark The fund has consistently outperformed the benchma

City Union Bank City Union Bank-In this blog we will discuss the financials of city union bank City Union Bank Ltd. is one of the oldest commercial private sector banks. City Union Bank is an Indian Bank. Headquartered in Kumbakonam, Tamil Nadu. It is incorporated on 31 October 1904. CUB provides technical services such as net banking, mobile banking, self-service kiosks, bulk note acceptors, and point of sales. It caters to the different needs of customers, it offers savings, deposits, and loan products.  The main focus of the Bank - lending to MSME, Retail / Wholesale Trade with granular asset profile including providing short-term and long-term loans to the agricultural sector. Digital Banking Cheque clearing kiosk ASBA facility for IPO Chatbot facility Passbook printing kiosk Insurance, FD, RD facility online Online saving account Fast tag facility Internet banking, mobile banking Facts & Figures     Deposits - INR 44,537 CR    Net NPA - 2.97%    ATMs - 1,724     ADVANCES -  IN

  Emergency Data Loan Facility Emergency Data Loan Facility-Allow users to pay data pack and pay later. Emergency Data Loan Facility Introduction Reliance Jio, the telecom operator often brings exciting and useful facilities to its users. It offers affordable and low-cost plans to its customers.   The new plan help users to enjoy a high-speed data plan to the user. The plan is hustle-free without worrying to pay immediately.   It has come up with a new ‘emergency data plan’. This is a rescue plan for users who exhaust their high-speed data and are not able to recharge instantly.   With this plan, you can ‘Recharge now and Pay later. How can I apply for Jio Emergency Data Loan Facility? Follow the below steps to get emergency data loan pack ·         Open MyJio App ·         Go to the menu on the top left page ·         Select ‘Emergency Data Loan’ ·         Click “Proceed” on the emergency data loan banner ·         Select ‘Get Emergency Data’ option ·         Click ‘Activate Now’ to

Navi Nifty 50 Index Fund NFO: Navi Nifty 50 Index Fund-An index fund with low charges NFO: Navi Nifty 50 Index Fund Introduction Navi Mutual Fund launches Navi Nifty 50 NFO. Navi Mutual Fund, part of Sachin Bansal’s BFSI Group, has announced the launch of the Navi Nifty 50 Index Fund.   NFO opens for subscription on July 3 closes on July 12. Aim 1.      The scheme aims to achieve a return equivalent to the Nifty 50 index by investing in        stocks of companies comprising the Nifty 50 Index 2.       2.    The fund will invest a minimum of 95% in equities and up to 5% in debt and money         market instruments   Charges Navi Nifty 50 Index fund expense ratio – 0.06% and 0.26% under the direct and regular plans, respectively. Amount Minimum

P2P Scheme     P2P Scheme -A peer-to-peer (P2P) lending platform is an online aggregation platform for lenders and borrowers. P2P Scheme     An intro to P2P Scheme  Now, expand your horizon of investment and broaden your portfolio with new-age investment option that is Peer To Peer (P2P) Lending. It is taking the banking model and creating a favourable investing climate. It functions completely online without any hassle. P2P Scheme Peer to Peer (P2P) lending enables individuals to obtain loans directly from other individuals.  Peer to Peer lending websites connect borrowers directly to investors P2P lenders are individual investors. P2P borrowers seek a better rate than banks offer. Benefit of Scheme    This platform provides easy, flexible, and quick access to funds for borrowers. It provides funds to borrowers at cheaper rates than banks.  High rate of return to the lender as compared to bank FD. Who can Lend Any individual, with a valid bank account in India and PAN, can lend on th

    Loan in 59 Minutes Loan in 59 Minutes -Initiative simplifies the process of fundraising to individuals & MSMEs Introduction This scheme offers a user-friendly platform to ease finance to borrowers so that they can focus on business expansion and on other business operations.   Get a business loan from anywhere, anytime without visiting a branch bank is the aim of the scheme.   Right from business idea, to business growth there is a need of financial assistance to give a business boost. Getting a business loan in principle approval had never been so easy with this platform.   The platform has been designed to help business growth by fulfilling financial requirements in an easy way.   Aim      1.      To automate & digitalize the process of the loan.                        2.  Applicants can get loans ranging from Rs.1 Lakh to Rs.10 Crore                        3.   Approvals are sent within 59 minutes   MSME Loans This sector plays an importan