Big news! Reliance Industries is demerging its financial services business to form Jio Financial Services Limited. This means JFSL will become a separate entity and hold investments in Reliance Industrial Investments and Holdings Limited (RIIHL), which indirectly owns a 6.1% stake in Reliance Industries. Shareholders of Reliance Industries will receive one share of JFSL for each share they hold. Reliance Industries has fixed July 20 as the record date for determining the eligibility of RIL shareholders for allocation of shares of Jio Financial Services Limited. This move allows Jio Financials to have more growth opportunities and be valued like other companies in the industry. It’s all part of Reliance Industries’ plan to unlock the value of its financial services investments. Disclaimer- The information provided on our platform is intended only for simplification and education purposes, and should not be considered as an investment advice. #relianceindustries #reliance #reliancejio #jio #business #education #earnmoney #investingforbeginners #finance #personalfinance #financialfreedom #financialindependence #reelsinstagram #explore
Big News! The Union Government has launched the CRCS-Sahara Refund Portal, offering hope to crores of depositors of Sahara Group. Now, investors can reclaim their hard-earned money! Who can claim refund? Investors from the following societies: * Sahara Credit Cooperative Society Ltd. * Saharayan Universal Multipurpose Society Ltd. * Humara India Credit Cooperative Society Ltd. * Stars Multipurpose Cooperative Society Ltd. #gin The first payment, up to Rs. 10,000, will be made through this portal to one crore investors. After successful claim submission, the refund will be directly credited to the Depositor’s Aadhaar-seeded bank account after 45 days. #financialfreedom #financialliteracy #sahara #investment #moneyback #refund #money #earnmoney #government #govtscheme #scheme #saving #investing #reelsinstagram #explore
Stay informed on GST levied on clothing purchases! According to current regulations, a 5% GST is applied to readymade garments priced below ₹1000, while a 12% GST is applicable to those exceeding ₹1000. So next time be aware of the applicable GST and shop smart #finance #personalfinance #savemoney #earnmoney #gst #tax #save #financialfreedom #financialliteracy #education #business #reel #explore #financetips
PM Awas Yojana is a government initiative designed to provide affordable housing solutions to both urban and rural communities. By offering interest rate subsidies on home loans, this program ensures that even the less privileged can fulfill their dreams of homeownership. 👉 Benefits: 1️⃣ Enjoy substantial subsidies ranging from 4% to 6.5%, tailored to your specific category. 2️⃣ Receive a maximum interest subsidy amount ranging from Rs.2.30 Lakhs to Rs.2.67 Lakhs based on your category. 3️⃣ Sustainable and eco-friendly technologies are used in the construction. 4️⃣ Senior citizens get special benefits 👉 Key Eligibility Criteria: 1️⃣ Must be an Indian citizen. 2️⃣ Annual income should not exceed 18 lakhs. 3️⃣ Should not already own a pucca house in India. A total of 2.2 Crore homes have already been built as of March 24, 2023. Don’t miss out on your chance to be next in line for you dream home! #homeloan #affordable #homeloans #home #dreamhome #dreamhomes #interestrates #interest #government #scheme #financialfreedom #financialindependence #reels #explore
If you’ve ever rented a place to live in or stayed in a rented home, you probably know about something called a rent agreement. But have you wondered why it’s usually for only eleven months? Well, there’s a law called the Registration Act of 1908 that says if you’re leasing a property for a year, you have to register it. This registration process can be a bit of a hassle. To avoid that, most rent agreements are kept to eleven months. If the agreement goes beyond eleven months, it has to be officially registered. When an agreement is registered, you have to pay a stamp duty and a registration fee. To avoid paying these big charges, landlords and tenants might decide not to register the agreement. Also, having an agreement for eleven months gives landlords more flexibility because they can adjust the rent based on what’s happening in the market. #rent #rental #rentals #house #houserent #agreement #rentagreement #finance #personalfinance #financialliteracy #financialfreedom #financialindependence #reels #exploremore
Buy a car at upto 80% discount! Buying a car in today’s time can set you back financially by a considerable amount, given the high car prices and other applicable charges. As such, you can opt for a used car with limited miles on its clock through the regularly-held bank auctions. These cars are the ones that have been seized by the banks against the non-payment of loans. You can go to eauctionsindia.com , search for a live bidding at your preferred location, and then, bid for the car of your choice available to get a car at upto 80% discount. For more such value-savvy information related to finance, don’t forget to follow prettymuchfinance. #car #discount #cars #cargram #cardiscounts #dreamcars #exoticcars #auction #bank #hacks #financialeducation #financialfreedom #reel #explorepage
Many small businesses often encounter a common yet formidable challenge – delayed payments from customers. It’s a frustrating reality that can leave even the most resilient entrepreneurs feeling helpless and disheartened. But fear not, for there’s a game-changing solution that can transform your business landscape – MSME registration! According to Section 16 of the MSMED Act, failing to make timely payments to suppliers can lead to significant consequences. Buyers who miss payments are liable to pay compound interest at three times the Reserve Bank’s bank rate. Section 15 of the MSMED Act ensures timely payments with a maximum 45-day window for invoice settlement, promoting smoother transactions between suppliers and buyers. #msme #msmes #business #education #money #savemoney #earnmoney #enterpreneur #businessowner #growth #finance #financialfreedom #financialliteracy #reelsindia #explorepage
It’s time to develop your financial acumen while watching these must-watch shows!💰👇🏻 ▶️ Get Smart with Money: It draws attention to the families’ financial difficulties, such as rising debts and shrinking savings. ▶️ How to Get Rich: A financial professional assists various people in accomplishing their financial objectives. ▶️ Eat the Rich – The Gamestop Saga: This will explain how investors lost 13 billion dollars as a result of one company. Disclaimer- The information provided on our platform is intended only for simplification and education purposes, and should not be considered as an investment advice. #finance #financetips #investment #investingtips #education #financialfreedom #financialliteracy #reelsindia #reelkarofeelkaro #explore #netflixoriginal #netflixseries
When it comes to the journey of owning your dream home, financial planning is key. But fear not, because a joint home loan might just be your golden ticket! With more advantages than you can imagine: 👉Boosted Loan Eligibility: Two incomes, double the power! Lenders consider both incomes and creditworthiness, skyrocketing your chances of loan approval. 👉Sweetened Interest Rates: Ladies, this one’s for you! A joint home loan with a female co-applicant can mean lower interest rates, making your home even more affordable. 👉Tax Breaks Galore: Teamwork pays off, especially at tax time! Co-owning and contributing means separate tax deductions. Claim up to ₹1.5 lakh/year under Section 80C and up to ₹2 lakh on interest repayments. Unlock the door to your dream home with the power of unity! #homeloan #homeloantips #loan #eligibility #homeloans #easyloan #lowrates #interest #interestrates #homestyle #finance #personalfinance #reelsinstagram #reelitfeelit #financialindependence
Move over stocks, tomatoes are taking the spotlight as the hottest investment in town!🤑 Who needs Stock Market when you can have your very own tomato garden of profits? 🍅🍅 But, here are the 4 fundamentally strong stocks that you’ll find at prices even lower than tomatoes.😌 These are:👇🏻 1. Housing and Urban Development Corporation Ltd. 2. Indian Rail Finance Corporation Ltd. 3. National Fertilizers Ltd. 4. Bank of Maharashtra Ltd. Disclaimer- The information provided on our platform is intended only for simplification and education purposes, and should not be considered as an investment advice. #finance #financetips #investment #investingtips #education #financialfreedom #financialliteracy #reelsindia #reelkarofeelkaro #explore #tomatoes #stockmarketindia
ITC Ltd announced the much-awaited demerger of its hotels business on July 24 under a scheme of arrangement. After the split, the consumer goods company will continue to hold a 40 percent stake in it and the rest will be distributed among existing shareholders proportionate to their stake in ITC. However, market participants were hoping for a better split mirroring the shareholding pattern and it came as a negative surprise for market participants. The new scheme of arrangement will be considered at a board meeting on August 14. ITC said in a statement that separating the hotels business will help attract investors and partners who are interested in the hospitality industry and have similar goals and risks. #itc #business #news #stockmarket #shares #earnmoney #investing #trading #investingforbeginners #itchapter2 #itcfamily #reels #exploremore #hotels #demerger
In a board meeting held at Reliance industries, the post-demerger acquisition cost for Reliance Strategic Investments Limited (Jio Financial Services Ltd after listing) was pegged at 4.68% of the closing price of RIL on BSE at the end of 19th July session (INR 2840). This came out to be INR 133/share. However, in a special pre-open call auction session held on 20th July, the market price of JFL was derived at INR 261.85/share on NSE. Therefore, taking into account the effect of demerger, the share price of RIL fell to INR 2580 after it resumed trading at 10 AM. JFL will be listed on stock exchange in the next 2-3 months. Then, all the shareholders of RIL on 20th July will get one share of JFL for each share of RIL they have, and they can start trading in JFL shares. #reliance #jio #relianceindustries #reliancejio #education #business #earnmoney #finance #personalfinance #investingforbeginners #financialfreedom #financialindependence #reelsinstagram #explore
Scammers are tricking taxpayers into updating their bank account information through fraudulent links. The Income Tax Department has clarified that they do not send messages with URLs. If you receive a message impersonating the Income Tax Department and offering a tax refund, avoid clicking on any links in the message. Be cautious about sharing sensitive information and always verify the authenticity of messages before taking any action related to your income tax returns. #tax #itr #taxseason #refund #taxrefund #scam #scamalert #earnmoney #savemoney #financialliteracy #financialeducation #reels #exploremore
While the stock market’s potential for risk is widely recognized, the introduction of a Stock SIP opens the door to a graceful journey toward financial freedom. 💰 A Stock SIP, or Systematic Investment Plan, employs a methodical approach. It enables consistent allocation of funds to a chosen stock at regular intervals. Beyond spreading costs, it’s a robust risk minimizer, navigating market shifts. With disciplined incremental investments, you boost growth potential and financial resilience. 🚀 Welcome the benefits of a Stock SIP today and groove towards a more secure and prosperous financial future! 🌟📊 Disclaimer- The information provided on our platform is intended only for simplification and education purposes, and should not be considered as an investment advice. #finance #financetips #investment #investingtips #education #financialfreedom #financialliteracy #reelsindia #reelkarofeelkaro #explore #sip #stockinvesting
Pradhan Mantri Matru Vandana Yojana (PMMVY) is a maternity benefit programme offered by the government of India under which a cash incentive of Rs. 5,000 is provided to pregnant women and lactating mothers. 👉 Eligibilty Criteria: ● The woman was employed before she conceived the pregnancy. ● The woman has experienced a wage-loss due to the pregnancy. ● The woman is not on a paid maternity scheme. 👉 How to apply: 1. Visit https://pmmvy-cas.nic.in and log into the PMMVY software using the scheme facilitator’s (AWC/approved health facility) login details. 2. Click on ‘New Beneficiary’ tab for registering under the scheme by filling in the details as per the Beneficiary Registration Form (also called Application Form 1A). You can follow the instructions provided in PMMVY CAS User Manual for filling the form. 3. After 6 months of pregnancy, again log in into the PMMVY CAS software and click on ‘Second Instalment’ tab and fill Form 1B following the instructions given in the user manual. 4. After the birth of the child and the completion of his/her first cycle of immunization of CG, OPV, DPT and Hepatitis B, log in into the PMMVY CAS software and click on ‘Third Instalment’ tab and fill Form 1C following the instructions given in the user manual. Take benefits of this scheme and double your happiness! #govt #scheme #finance #personalfinance #financetips #earnmoney #government #schemes #govtschemes #pregnant #woman #pregnantwoman #pregnantlife #investing #reel #explore
The Nifty 50 is a National Stock Exchange of India (NSE) index that measures the performance of 50 big, actively traded stocks on the exchange. It is frequently used by investors and traders to measure the overall direction of the Indian stock market and serves as a benchmark for the Indian stock market.📈💰📉 Refer to the reel for the top ten firms in the Nifty 50, along with their weightage.✅ Disclaimer- The information provided on our platform is intended only for simplification and education purposes, and should not be considered as an investment advice. #finance #financetips #investment #investingtips #education #financialfreedom #financialliteracy #reelsindia #reelkarofeelkaro #explore #nifty50 #niftytrading #niftyoptions
Considering a Home Loan? Your banker might advocate for a Fixed Interest option. Why? Fixed Interest loans generally carry higher rates than floating ones. Here, the interest remains constant during the loan term, ensuring predictable cash outflow for a set duration. Worried that choosing Floating interest rates will lead to fluctuating EMIs? No need to worry. Banks usually adjust the loan tenure to maintain a consistent EMI with floating rate loans. Thus, your EMI remains steady in both scenarios. The difference lies in the possibility of a longer repayment period if the market base rate rises, and vice versa. Now, can you foresee future interest rates? Chances are you can’t. Opting for a Floating interest rate loan makes more sense, as it adjusts with changing interest rate cycles, unlike a Fixed Interest rate loan. Disclaimer- The information provided on our platform is intended only for simplification and education purposes, and should not be considered as an investment advice. #finance #financetips #investment #investingtips #education #financialfreedom #financialliteracy #reelsindia #reelkarofeelkaro #explore #loan
The Pradhan Mantri Jan Dhan Yojana, implemented by the Ministry of Finance, is a government initiative aimed at ensuring financial inclusion for individuals who have been unable to access various financial services and government schemes. These services include banking facilities, savings and deposit accounts, credit options, and insurance coverage, all of which will be made easily accessible and affordable for every citizen. Under this scheme, any Indian citizen above the age of 10 years can open an account with a bank branch or a Business Correspondent (Bank Mitr) outlet. It is important to note that the scheme also provides accident insurance coverage of Rs. 1 lakh (enhanced to Rs. 2 lakh for new PMJDY accounts opened after August 2018) #bank #banks #scheme #account #bankaccount #earnmoney #earn #insurance #free #govt #government #govtschemes #reelsinstagram #reelkarofeelkaro #explorepage #financialfreedom #financialliteracy
With the Market Access Initiatives Scheme, startups & new exporters now enjoy airfare reimbursement for overseas events. Existing exporters also score big with a 20% increase in incentives. Even better, hosting foreign buyers in India brings benefits too. Kudos to India’s vision of a $1 trillion export target by 2030! #tickets #free #airticket #flight #flightticket #travelforfree #freetravel #flights #hacks #savemoney #earnmoney #financialfreedom #financialliteracy #reels #explore
Simplify rent payments like never before! Use your credit card with @housingindia’s Pay on Credit service, and enjoy zero convenience fees for first-timers using code ‘Monika123’. Benefit from 45 days interest-free period and boost your credit score while paying EMIs, brokerage, and more. Check the link in bio and elevate your payment experience today. #rent #home #homesweethome #house #houses #rental #own #buy #renting #finance #personalfinance #financialfreedom #financialliteracy
Bank nifty is the index of India’s 12 leading banks. Here is the reel to help you understand the right ways to monitor this index! Tag your trader friends in the comments section below 👇🏻 Disclaimer- The information provided on our platform is intended only for simplification and education purposes, and should not be considered as an investment advice. #finance #financetips #investment #investingtips #education #financialfreedom #financialliteracy #reelsindia #reelkarofeelkaro #explore #banknifty #bankniftyoptions
Your credit score is the key to a secure future. Neglecting it could create hurdles when you need financial support the most. Let Paisabazaar be your guide on this journey. Discover your credit score today, and empower yourself with insights to elevate it. Your dreams deserve a solid foundation – don’t let anything hold you back! #Paidpartnership #paisabazaar #credit #creditscore #creditcard #homeloan #loan #loanapproval #interestrate #bankcharge #financialfreedom #financialliteracy #credittips
You can now get up to 22%* of index returns. We aren’t kidding, it’s true! With ^NIFTY Smallcap 250 quality 50 index, you can now invest your idle money at the right place and get better returns. 💸 So, wait no more and give your dreams a head start! 🚀 ARN: 11082023/MLI/SM/ULIP/PMF-SMALLCAP Disclaimer: http://surl.li/hlzck #YouAreTheDifference #MaxLifeInsurance #Finance #Investing #Investment #Returns #personalfinance #financialfreedom #financialliteracy #financialindependence
FYERS x TradingView – A Trading Revolution! 👉Global markets at your fingertips 👉Develop strategies like a pro 👉Exceptional charts for precise analysis 👉Engage with a thriving trading community Embrace the game-changing integration of TradingView with FYERS and take your trading journey to new heights! #finance #financialliteracy #financialfreedom #stockmarket #trading #investing #trade #invest #earnmoney #tradingview #charts #money #reelsindia #explore
