BIG 🚨 Why is RBI suddenly doing this? 🔴 WHAT HAPPENED? ➡️ The Reserve Bank of India (RBI) has ordered Kotak Mahindra Bank to stop the following: * Taking on new customers through online or mobile banking. * Issuing any new Credit cards. 🔴 WHY IT HAPPENED? * RBI found serious problems with the bank’s IT systems, especially in the areas of security and disaster recovery. * These problems caused frequent system outages, including a major one on April 15, 2024, which hurt customers. * The bank failed to fix these problems quickly enough, despite warnings and instructions from the RBI. 🔴 WHAT IT MEANS FOR YOU * Existing customers of Kotak Mahindra Bank can still use their accounts and credit cards 💳. * The bank cannot grow its digital customer base until it proves to the RBI that it has fixed its IT problems. **Additional Notes** * The RBI will hire an outside company to audit Kotak Mahindra Bank’s IT systems. * Only after the bank fixes the issues found in the audit will the RBI lift the restrictions. * The RBI may take further action against the bank. * If you have a co-branded credit card with Kotak, be aware of this news. #rbi #kotakbank #kotak #udaykotak #banned #digitalservices #financialnews
🚨 RBI’s New Rule for Banks 🏦 This is how RBI decreased the overall revenue of Banks and Infra companies. Do you think this was a good move? https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=57841# #banks #rbi #loan #sbi Share this reel with your investing friends ✅
🚨 Share this information If you have invested in FDs, here are two quick hacks to never pay TDS on your interest income. Just follow them and save thousands every year. You will be shocked because its very easy to do and only tax experts know about 🤫 Follow for accurate and crisp finance knowledge. #fixeddeposit #fd #interest #investing #tax #savetax #money #taxplanning
🚨NEW Investment Opportunity ‼️ NSE has just launched 3 new investment areas, where you can start investing. Watch till the end to know more about them. Follow me for regular finance updates – AMFI Registered Mutual Fund Distributor – NISM Certified Research Analyst #investment #nse #mutualfunds #india
Follow for Finance Career Tips 🎓 NISM & SEBI are giving you a chance to get FREE Finance Certification. Follow the steps given in the reel to get it. Let me know how it goes, mine is scheduled for this Sunday 🤓 #nism #certification #finance #career #sebi #upskill
🚨 BIG NEWS ‼️ RBI has just announced a new rule for Banks which will disrupt the way they work. Do check if you are also affected by this change by watching the full video. Let me know your questions in the comments Share this urgent information with everyone ‼️ #rbi #bank #credit #cards #creditcard #bankaccount #himanichaudhary
🚨4th one is BIGGEST Change ‼️ Budget 2024 Summarised by Himani #budget #budget2024 #nirmalasitharaman #incometax #newtaxregime
🚨NEW SCAM ALERT ‼️ A new scam which is getting viral all over India, beware of such scams and Share this with your friends who are using dating or marriage related apps like Tinder, Bumble, Jeevansaathi, Shaadi.com, Hinge etc #scamalert #dating #tinder #bumble #hinge #datingapps #shaadi #jeevansaathi Source: Hindustan Times & Twitter
🚨Bad News for EMPLOYEES If you are doing a job, EPFO has a new rule now which can significantly affect your net worth. Do watch the video and share it with your friends and colleagues. Financial News- Part 65, (18 June 2024) Follow for regular financial updates #epf #job #employee #company #pension #invest #investment #himanichaudhary
‼️Good News for Investors 🥳 SEBI has a Board Meeting yesterday in which a lot of changes were made, some major ones that will affect you are shared in the video. Do watch it till the end. 🚨Share this important information with everyone #sebi #mutualfunds #finfluencer #invest #demat #demataccount (Himani Chaudhary) (AMFI Registered MFD)
3rd one is the toughest 💪🏼 Watch this to checkout the Best Courses to do if you want to make a career in Finance and earn high income. Share this with your other friends. #finance #career #courses #certification #job
🚨Yes Bank in trouble again? RBI has levied a penalty of ₹91 Lakhs on Yes Bank and it is very beneficial for us common people. Do checkout what happened and how this can benefit YOU. #rbi #yesbank #penalty #bank #personalfinance
🚨SCAM ALERT ‼️ Watch this to understand how Government is investigating the biggest IPL Scam in history. Share with your friends. #ipl #scamalert #ranbirkapoor #tamannabhatia #jaqlinefernandes #shraddhakapoor #badshah #betting
🚨 RBI’s Strict Warning to NBFCs ‼️ The Reserve Bank of India (RBI) has asked non-bank finance companies (NBFCs) to strictly adhere to a cap of Rs 20,000 in cash loans. This move is likely to deter cash transactions and follows action against IIFL Finance for violating several rules, including those on disbursal and collection of loans in cash in excess of the statutory limit. The RBI’s directive comes after it found that some NBFCs were flouting the rule by asking customers to sign an “indemnity” for accepting liability against income-tax actions. This practice was putting customers at risk and could have led to a build-up of systemic risk. The RBI’s move is likely to have a significant impact on the way NBFCs operate. It will make it more difficult for them to disburse large cash loans, which could lead to a slowdown in their business. However, it is also likely to improve the safety and soundness of the NBFC sector. Imagine you borrow money from a lender. The lender gives you a loan of more than ₹20,000 in cash, even though there’s a rule saying they shouldn’t do that. To cover themselves, they make you sign a paper called an “indemnity.” This indemnity basically says that if the tax authorities come after you because of this large cash transaction, you’re the one who will have to deal with it, not the lender. The lender is trying to shift all the responsibility and risk onto you. This is a problem because it’s unfair to the borrower. They’re being forced to take on a risk that’s not really theirs. It’s also a problem for the whole financial system because if a lot of people are taking these risky loans, it could lead to a big mess if something goes wrong. Muthoot Finance MD said that their 80% customers moved to non-cash channels and the RBI advisory applies to all gold lenders and therefore it’s not a challenge. However, Muthoot said some of the customers in rural regions may move to unorganised lenders #rbi #bank #nbfc #gold #loan Share this news with everyone and be aware 🙏
🚨Don’t miss the NEW Govt. Rules ‼️ If you have a scooter, bike or car then do watch this video that summarises the new rules of the Motor Vehicle Act. Share these important rules with everyone and follow for daily financial knowledge #cars #rules
What happens if you fail to file your ITR before 31st July? watch the entire video to find out ⚠️ #incometax #taxreturn #itr #incometaxreturn #incometaxseason #jail #penalty
🚨3 Best Credit Cards 💳 These credit cards offer rewards and discounts on all your expenses, whether it’s for travel, groceries, or electronics. Plus, you can earn additional real rewards by paying your credit card bills through @cheq.one For example, my credit card bill last month was ₹80,000, and I received 1% back, which equals 800 chips. CheQ Chips could be worth up to ₹10 depending on brands. I used these 800 chips on popular brands like Swiggy, Myntra, and Reliance Digital. You can also use them for brands like Flipkart, Amazon, Cleartrip, and many more. You can even use these chips to pay your next credit card bill🧾. Download CheQ now to get ₹50 off your First Credit Card Bill payment and enjoy additional rewards every month. The link to download is in my bio, or comment “Credit Card,” and I’ll send the link to your DMs. ad #finance #creditcard #rewards #discount #cheQ
Share this with everyone Day 1 of Understanding Mutual Fund Investing ✨ Follow for more parts #mutualfunds #mutualfundssahihai #mutualfund
Share this Reel 🚨 New RBI Rule for Loan ‼️ Watch this to know how banks charge extra interest from you and to combat that, RBI just announced new rules. Quote this rbi section while speaking to Loan managers. https://m.rbi.org.in/Scripts/NotificationUser.aspx?Id=12678&Mode=0 #bank #loan #interest #rbi #fraud #penalty
Practical Hacks that actually work ✅ Follow these 3 hacks to Save Lakhs of Money. Personally I have been using these hacks since as long as I can remember. You can also save money by using @amazondotin for all your UPI transactions because it will give you guaranteed cashbacks and rewards on every transaction. Fun fact: If you are paying through UPI in the dark, Amazon Pay app will automatically switch on the torch to scan the QR code. Checkout the entire reel and share these hacks with everyone ad #save #money #hacks #personalfinance #himanichaudhary #amazonpay
I had a lively day on the sets of CNN News18, The Breakfast Club show. The entire day was crazy, Woke up at 4am 🕓 Did my regular stretching 🙆♀️ Got ready and headed out to the studio in Noida. It was around 40kms from my place and the shooting was supposed to start from 8am which was LIVE so I wanted to be on time. Had no time for breakfast so packed peanut butter jam sandwiches 🥪 But once I reached the office, I got stuck in the parking and couldn’t find the office. The show started and I reached the set at 8.03. And as soon as I attached the mic and walked towards the host, someone came from behind and startled me 😳 and guess what? I fell. Thank god it didnt come on TV 📺🥲 Fir kya we headed back to my office, had my lunch, shot a video and came back to my sweet home. I think I slept at 6pm that day. Did you like this new format of mini vlogs? if yes comment kardo 👀 Outfit @zara #finance #himanichaudhary #news #vlog [Personal Finance Himani Chaudhary Investing Invest News Finance]
Share it with Women in your life 🩵 This video explains why women are still lagging behind men in financial literacy and what can be done to improve it. I suggest every woman should do 3 things to become financially independent: 📌 First, build your emergency fund to cover at least 6 months of expenses 📌 Diversify your investments to grow your wealth 📌 Get term insurance to secure your family. Women, on average, have 15% lower premiums, so take advantage of that. Here’s why Tata AIA Life Insurance’s Sampoorna Raksha Supreme Term Plan is the perfect choice for women: 📌 Flexible coverage: Adjust your coverage based on your life stages (marriage, children) 📌 Lower premiums: Enjoy a 15% discount for women policyholders 📌 Trusted brand: Tata AIA’s reputation speaks for itself because you can’t take any risks here Comment “TERM” and you will get the link in your DMs. #collab #insurance #terminsurance #lifeinsurance #womenempowerment #TataAIA #HarWaqtKeLiyeTaiyaar #financialempowerment #financialindependence #personalfinance #women
3 months back I reached 1M on instagram I made a promise to myself and God and if I reach 1M in 2024, I will do something for the community to enhance financial literacy and what better way to do it with children. I wanted to teach kids about money, because learning about it early is so important. Soon I connected with @pehchaanstreetschool who told me they are teaching underprivileged children on weekends. Cut to 7th July when I visited the NGO. The children were soooo excited to meet me, I told them 3 stories of Ram & Raju who were brothers. 1st story was on Saving, second on Emergency Fund and third on Medical Insurance Seeing those kids’ faces light up was emotionally overwhelming. They were so excited to meet me, even though they didn’t know who I was Leaving that place, I felt so happy and grateful. It was like my heart was full and eyes full of tears. Your support means the world to me and this is just the beginning of my journey to help others learn about Money. Thank you for being part of it ✨ #ngo #financialliteracy
Planning to study abroad? 🎓🌏 Then you surely want to know how to transact seamlessly, save money, and earn cashback.💳 In an age where traditional money transfers can take days, here’s the best way to make international payments from India. ⬇️ 🔸 #ICICIBank Student Sapphiro Forex Card, a forex card customised for students! Watch to learn about the TRIPLE benefits of this card and get ready to explore the world. Find out more about ICICI Bank Student Sapphiro Forex Card from the link in bio! T&Cs apply. #ICICIBank #Collab #StudyAbroad #forexcard
