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  • These 7 credit cards are best for traveling abroad, you will not have to pay forex charges

    Credit Card

    New Delhi. Before going abroad, you have to do a lot of planning, the biggest of which is the planning of expenses. If you make any kind of payment abroad with your credit card, then the credit card companies charge you forex markup fee.

    This fee can be up to 3.5 percent of your transaction amount. However, there are some credit cards that charge less forex markup fee. Apart from this, there are many such credit cards in the country on which you do not have to pay forex markup fee.

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    Here is a list of 7 credit cards that will enhance your travel experience abroad this season.

    These 7 cards do not have any forex markup fees.

    HDFC Bank Regalia ForexPlus Card

    This is a single currency forex card available in US Dollars. There are no cross currency mark-up charges and it is accepted by all Visa/Mastercard affiliated merchants worldwide.

    Axis Bank Burgundy Private Credit card

    This card does not levy any charges on cash withdrawals or interest till the due date of payment. There is no forex mark-up on international transactions. There is also a facility to increase the credit limit while traveling abroad.

    Federal Scapia Co-branded Credit Card

    Zero forex markup is required on international transactions through this card. There is no joining and annual fee in this.

    RBL World Safari Credit Card

    This card has 0 markup fee on any foreign transaction. Its annual membership fee is Rs 3,000. You can avail 2 free lounge visits at domestic and international airports in India every quarter.

    ixigo AU Credit Card

    There is no extra charge on international purchases through this. Apart from this, it also gives 10 percent instant discount on hotel and flight bookings.

    Club Vistara IndusInd Bank Explorer Credit Card

    This card gives you free Club Vistara Gold membership and zero forex mark-up on all international spends. Apart from this, free business class ticket vouchers are also available on completion of milestone spends.

    BookMyForex Forex Card

    There is no forex mark-up on this card. You can manage it through the app. This is a lifetime free card.

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  • NDMC doubles parking charges in Delhi to curb rising air pollution – check new rate

    Delhi Parking Charge News: Amid the rising pollution problem in the national capital Delhi, people will now have to shell out more for parking. To control the rising air pollution, the New Delhi Municipal Council (NDMC) has increased the parking charges.

    NDMC has decided to double its parking charges in the Lutyens Delhi area, so that people leave their vehicles and use public transport.

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    When will double charges be collected?

    Let us tell you that the second phase of Graded Response Action Plan (GRAP) has been implemented to control pollution in Delhi. NDMC said in its order, ‘Keeping in view the climatic conditions, the parking fee (off road / indoor) for parking managed by NDMC has been doubled till the second phase of GRAP is in force.’ It said that the increase in fee will not be implemented for monthly pass holders for on-road parking spaces and parking. NDMC has directed strict compliance with the order with immediate effect.

    Why was this decision taken?

    A senior NDMC official said, ‘Keeping in mind the increasing pollution in Delhi, the New Delhi Municipal Council (NDMC) has decided to double the parking fee to encourage people to travel by public transport.’ The Municipal Corporation of Delhi (MCD) has not increased the parking fee so far and the proposal for the increase is pending for approval in the House.

    How much will I have to pay for parking?

    Under the normal parking charges at NDMC parking lots, 4 wheelers are charged Rs 20 per hour (maximum Rs 100 for a day), while 2 wheelers are charged Rs 10 per hour. After this decision, where earlier it used to cost Rs 20 per hour to park a vehicle, now people will have to pay Rs 40 per hour.

    This decision of the Municipal Corporation has come at a time when Delhi has been experiencing smog in the morning for the last few days and the air quality of the national capital is being recorded in the ‘very poor’ category. Last year also, parking fees were doubled after the implementation of GRAP-II on October 21.

    More metro trips to control pollution in Delhi

    Delhi Environment Minister Gopal Rai on Tuesday announced several measures to control the rising level of pollution, including additional metro train trips, deployment of more than 6,000 MCD employees to control dust on the roads. Along with this, more than 1,800 traffic personnel will be deployed at 97 crowded places. Gopal Rai made this announcement after the implementation of the second phase of the Gradual Response Action Plan (GRAP) here in view of the increase in pollution levels in the national capital. Rai said that he has written a letter to his counterparts in neighboring states like Uttar Pradesh, Rajasthan and Haryana and urged them not to send diesel buses to Delhi. He alleged that pollution in neighboring states has a major contribution to the pollution level in Delhi.

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  • Revision in transaction charges from 1 October 2024

    As announced by the Finance Minister earlier this year, Exchanges (NSE, BSE and MCX) have revised the Securities Transaction Tax (STT) and Transaction Charges applicable per-trade from 1 October 2024. The revised charges are mentioned below:

    A) Securities Transactions Tax:

    B) Exchange Transaction Charges  – NSE

    B) Exchange Transaction Charges  – BSE

    B)Exchange Transaction Charges  – MCX


    Keep in mind: All other charges remain unchanged, you can review them here: https://upstox.com/brokerage-charges/

  • Singapore: Ex-transport minister S Iswaran not facing corruption charges, convicted on five counts

    Hearing a case against Singapore’s former transport minister of Indian-origin S Iswaran on Tuesday, the High Court convicted the 62-year-old on five counts after he pleaded guilty to lesser charges of obtaining gifts as a public servant. Iswaran was not facing corruption charges. As per reports, Deputy Attorney-General Tai Wei Shyong said the prosecution would replace two corruption charges with two lesser charges under Section 165 of the Penal Code.

    Former Singapore Transport Minister S Iswaran. Photo courtesy: https://www.instagram.com/s.iswaran/
    Former Singapore Transport Minister S Iswaran. Photo courtesy: https://www.instagram.com/s.iswaran/

    Soon after that, Iswaran admitted to four charges under Section 165 of the Penal Code, which forbids all public servants from obtaining any valuable thing from someone involved with them in an official capacity, and one charge of obstruction of justice.

    As per CNA, another 30 charges will be taken into consideration for sentencing.

    Iswaran’s charges relate to his interactions with property tycoon Ong Beng Seng and construction firm boss Lum Kok Seng. Both businessmen have not been charged. The valuables involved in all the charges include tickets to theatre shows, football matches and the Singapore F1 Grand Prix, whisky, international flights and a hotel stay.

    Also read: Bicycle and golf clubs: Alleged freebies worth SGD 19K fetch 8 new charges for Iswaran

    The amount involved is more than SGD 400,000.

    While the prosecution sought a jail term of six to seven months for the former minister, his defence has argued for no more than eight weeks in prison, only if a jail term is warranted.

    Interestingly, Iswaran, who pleaded guilty at the start of trial, for months said he would contest to clear his name.

    What are the amended charges?

    In the first amended charge under Section 165, the former lawmaker is now charged with obtaining from Ong, “for no consideration”, 10 Green Room tickets (worth SGD 48,150), eight Twenty3 tickets (worth SGD 56,068) and 32 general admission tickets (worth SGD 41,216) for the Singapore F1 Grand Prix in September 2022, CNA reported.

    In the second amended charge, also under Section 165, the ex-transport minister is now charged with obtaining from Ong, again “for no consideration”, a private jet flight to Qatar (worth about SGD 10,410), a night’s stay in Four Seasons Doha (worth about SGD 4,737), and a business class flight from Doha to Singapore (worth about SGD 5,700) in December 2022.

    The original charges, which were filed under the Prevention of Corruption Act, had stated that the former minister had “corruptly” obtained these gifts from Ong in exchange for aiding Ong’s business interests.

    Also read: Indian-origin Singapore minister Iswaran resigns over corruption charges; vows to clear name

    Iswaran’s trial is the first ministerial corruption trial in Singapore in nearly half a century.

    Former cabinet minister Wee Toon Boon was found guilty of accepting gifts in exchange for favour to a businessperson in. He was jailed in 1975.

    (With inputs from PTI.)

  • NHAI Toll Tax Charges: This government app will provide toll information from your home,

    Toll New Rate

    NHAI Toll Tax Charges: Do you know that before leaving home, you can find out how much toll will be deducted on the route you are travelling on? Today we will tell you about such a government app through which you can get this information very easily.

    Who doesn’t like to travel? But before travelling from one state to another via highway, many questions arise in the mind. Many people think that if they know before leaving home how much toll will be deducted on the highway, then they can load that much money in the FasTag account. But they don’t understand how to find out this?

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    Understanding this problem of you people, today we will explain to you how you can get this information while sitting at home. For this work, some important things will be needed like smartphone and mobile internet. To know how much toll will be charged from you on the highway by NHAI, you will first have to download UMANG App in your phone.

    UMANG App: Do this after downloading the app

    After downloading the Umang app, you will see the service option at the bottom of the app, click on this option. After tapping on the service option, you will have to click on the transport option in the category section.

    After tapping on the Transport option, you will see the NHAI option, click on this option. In the next step you have to click on the Toll Enroute option.

    After clicking on the Toll Enroute option, you will be asked where you want to travel from and to. For example, if you are going from Delhi to Amritsar, then fill in these details.

    After filling in the details, as soon as you search, you will start seeing the Toll Tax from NHAI on the Umang app itself, apart from the toll tax, you will see many other things as well. After knowing the toll tax, recharge your FasTag with the same amount.

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  • PNB changed the service charge for 5 services, Check new charges

    PNB changed the service charge for 5 services, Check new charges
    PNB changed the service charge for 5 services, Check new charges

    PNB has changed the charges for many types of services. In such a situation, if you are a PNB account holder, then definitely get information about the new charge.

    Punjab National Bank (PNB) has announced changes in the on-credit-related service charge of the savings account. According to the information given by the bank, changes have been made in the minimum balance, demand draft issuance, check (including ECS), return cost and locker rent charges. The new charges will be applicable from October 1, 2024. In such a situation, if you have an account in PNB, then know what charge will have to be paid from next month?

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    1. Minimum balance requirement QAB (Quarterly Average Balance)

    Rural: Rs 500
    Semi-urban: Rs 1000
    Urban and Metro: Rs 2000

    Also Read- FD rate Change: ICICI Bank’s new rates have come into effect from today, 2 September 2024

    Minimum Monthly Average Balance (MAB)

    Rural: Rs 500
    Semi-urban: Rs 1000
    Urban and Metro: Rs 2000

    Which charges have been changed?

    According to the information given by the bank, the charge for maintaining minimum balance in the savings account has been changed. Apart from this, changes have been made in the charges for issuing demand draft, issuing duplicate DD, check return charges and locker rent charges. You can get information about the fee changes from the bank’s website.

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  • IMPS Charges: What are the charges of banks for IMPS money transfer, Check charges details here

    IMPS Charges: What are the charges of banks for IMPS money transfer, Check charges details here
    IMPS Charges: What are the charges of banks for IMPS money transfer, Check charges details here

    IMPS Charges: IMPS (Immediate Payment Service) is a real-time money transfer service that is available 24/7. This service can be accessed through multiple channels including mobile, internet, branch, ATM and SMS

    IMPS Charges: IMPS (Immediate Payment Service) is a real-time money transfer service, which is available 24/7. This service can be accessed through multiple channels including mobile, internet, branch, ATM and SMS. This is a service through which funds can be transferred quickly and securely between banks in India. It is also quite economical.

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    There is also two-factor authentication when transferring money through IMPS. There is also a limit if IMPS is used for fund transfer. Customers do not need to register for mobile banking when initiating an IMPS transaction through ATM or online channel. Similarly, customers also do not need to register for withdrawing money through mobile banking or account number/IFSC.

    Let us know what are the charges of banks for IMPS money transfer

    SBI IMPS Charges:

    There is no charge for transactions from ₹1 to ₹5,00,000.

    HDFC Bank IMPS Charges:

    ₹0 – ₹1000: ₹3.50 + applicable GST
    ₹1001 – ₹100000: ₹5 + applicable GST
    Above ₹100000: ₹15 + applicable GST

    Axis Bank IMPS Charges:

    Up to ₹1000: ₹2.50 per transaction
    ₹1,000 to ₹1,00,000: ₹5 per transaction
    ₹1,00,000 to ₹5,00,000: ₹10 per transaction
    Additional taxes are applicable.

    Canara Bank IMPS Charges:

    ₹0 to ₹25,000: No charges

    ₹25,001 to ₹100,000: ₹8 + GST

    ₹100,001 to ₹500,000: ₹15 + GST

    ₹10,000 to ₹1 lakh: ₹475

    ₹1 lakh to ₹50 lakh: ₹500

    Also Read- PNB changed the service charge for 5 services, Check new charges

    Kotak Mahindra Bank IMPS Charges:

    No charge

    YES Bank IMPS Charges:

    There are no charges for transactions made through the mobile app.

    A charge of ₹5 + GST ​​is applicable for using IMPS through Net Banking.

    IMPS is a convenient and safe option that provides instant money transfer service. However, it is important to be aware of the charges and rules applicable while making the transaction.

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  • SEBI Slaps Charges on Nippon Life India Asset Management Amid Serious Legal Troubles

    The capital markets regulator has imposed fines on Nippon Life India Asset Management Ltd. and Nippon Life India Trustee Ltd., amounting to Rs 2 lakh and Rs 1 lakh, respectively, for inappropriately charging the total expense ratio (TER) of various schemes to the asset management company’s accounts.

    The Securities and Exchange Board of India (Sebi) prohibits such practices to maintain fairness among large and small asset management companies (AMCs), reduce portfolio churning, and ensure transparency in expenses.

    In an order dated August 8, Sebi noted that the AMC had borne excessive expenses for a few of its schemes and that the trustee failed to ensure compliance with regulations.

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    On October 22, 2018, Sebi issued a circular mandating that all scheme-related expenses, including commissions paid to distributors, must be paid from the scheme itself and within regulatory limits, rather than from the books of the AMC or related entities. During Sebi’s investigation, it was found that in five of the AMC’s exchange-traded funds (ETFs), less than 1% of the expense was charged to the schemes, while certain other scheme expenses were charged to the AMC’s books, which was alleged to be in violation of the October 2018 circular.

    AMCs are permitted to cover expenses that are “very small in value but high in volume” from their books, up to a maximum of 2 basis points (bps) of the respective scheme’s assets under management (AUM). However, in this case, expenses exceeding this limit were charged to the AMC’s books for FY21 and FY22.

    Although the AMC and its trustees argued that the schemes in question were ETFs and Fund of Funds (FoFs), primarily oriented toward direct plans, Sebi’s order emphasized that the October circular applies to all types of schemes without exception.

    The order stated that allowing varied practices could create disparities in the mutual fund industry, where profitable or well-funded AMCs could afford to cover scheme expenses from their books while smaller AMCs could not. It added that the objective of the TER circular is to enhance transparency in expenses and reduce portfolio churning, not to permit inconsistent practices. Consequently, Sebi rejected the AMC and trustee’s arguments as untenable.

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  • Credit Card Charge Hike: You will have to pay more charges on HDFC Bank credit card from today!

    The month of August has started and from today many big rules have changed. There has been a change in everything from credit card to LPG prices. This change will affect your pocket.

    If you also have an HDFC Bank credit card, then from this month the rules related to it are changing (Rule Change From August), which may affect your monthly expenses. Also, you may have to pay more charges.

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    1 percent extra charge on rent payment

    If you use HDFC Bank credit card for rent payment through third party apps like CRED, PayTM, Cheq, MobiKwik and Freecharge, then you will have to pay an extra fee of 1 percent. For this, the maximum limit has been set by the bank at Rs 3,000 per transaction.

    According to the India Today report, extra charges are being levied on utility transactions
    as well. However, no extra charges will be levied on transactions of less than Rs 50,000, but if the value of such payment is more than Rs 50,000, a charge of 1% will be levied, here also the limit per transaction has been fixed at Rs 3,000.

    Charges on Petrol and Diesel

    If you make fuel payment through HDFC Bank credit card, then now you will have to pay an extra charge. If the card holder makes an oil payment of less than Rs 15,000, then there will be no charge, but for transactions above this amount, a charge of 1% will have to be paid. Talking about payment of insurance premium, no extra charge will have to be paid on insurance payments.

    This new rule in educational payments:

    If any kind of educational payments are made through third party apps, a fee of 1% will be levied here too, however, no such charge will be levied on direct payments made through the official website of educational institutes or POS machines. Apart from this, international educational payments have also been exempted from this fee.

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  • Car/Bike Parking Charge: Know how much parking charge will have to be paid for car, two wheeler – MCD Hike Parking Charges

    Delhi Parking Charge : Parking fees in Delhi are going to improve 4 occasions. Whenever the air pollution stage within the metropolis reaches Stage-II of the Graded Response Action Plan (GRAP), the Municipal Corporation of Delhi can improve the parking charge 4 occasions.

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    Such a proposal has been given by the MCD. If this rule is applied, parking in Delhi will grow to be many occasions dearer. In Delhi, parking fees are on an hourly foundation. Here, one has to pay a parking charge of Rs 50 to Rs 100 in accordance to the realm. For bikes, this charge begins from Rs 20 in accordance to the realm. If the parking charge is elevated 4 occasions, then this parking charge can vary from Rs 200 to Rs 400.

    This is the explanation for improve in Delhi parking charge

    According to the agenda of the assembly, a four-fold improve in parking fees is proposed beneath Phase-II of the Graded Response Action Plan (GRAP) as directed by the Commission for Air Quality Management in Delhi and its surrounding areas. Its purpose is to management the extent of air pollution brought on by vehicular motion within the metropolis. Another proposal to lengthen the entry level toll-collection system settlement of 13 main roads connecting Delhi can be seemingly to be offered within the MCD House for administrative approval. The MCD House assembly is to be held at the moment on June 27 on the company headquarters.

    These are 13 entry factors and 65 toll lanes

    The civic physique has additionally listed the extension of the contract of its RFID-based digital toll assortment system at 13 main entry factors masking 65 toll lanes within the nationwide capital as an pressing job. These main toll plazas embody Kundli, Rajokri, Tikri, Aya Nagar, Kalindi Kunj, Kapashera, DND Toll Bridge, Badarpur-Faridabad (Main), Badarpur-Faridabad, Shahdara (Main), Shahdara (Flyover), Ghazipur (Main) and Ghazipur.

    This is the present state of affairs proper now

    The RFID system has been put in at 13 places at a complete price of Rs 80.95 crore and GST 18 per cent together with 5 years O&M via contractors- Texidell India Pvt Ltd and GHV (India) Pvt Ltd (JV) beneath the supervision/route of EPCA/CAQM. The present contract is scheduled to expire on November 25, 2024. The civic physique has proposed to lengthen the settlement with the present contractors for two years until 2026.

     

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