Posts By: Rohit Bhattacharya

L&T Finance Holdings Ltd. has announced that its ₹2,998.61-crore rights issue will be opening on 1st February 2021. The issue will close on 15th Feb 2021. As per the announcement, up to 46,13,25,021 equity shares for cash will be issued by the company at a price of Rs 65 each (including a premium of Rs […]

The Supreme Court, on December 3, 2020, directed a stay on redemption requests from investors and allowed Franklin Templeton Trustees to conduct a unitholders’ meeting to get their consent/approval on winding up the six debt schemes. The decision was taken after hearing the petition filed by Franklin Templeton Mutual Fund (FT MF) challenging a Karnataka […]

As per the latest update on the developments Lakshmi Vilas Bank, the moratorium placed on the bank by RBI on  November 17, 2020 is going to be lifted on November 27, 2020 November. The government had imposed a 30-day moratorium on the lender wherein the cash withdrawal was capped at Rs. 25,000 per depositor. The […]

Reserve Bank of India (RBI) has imposed a moratorium on Lakshmi Vilas Bank for a period of 1 month, effective 6 pm, November 17th until December 16th, 2020. Moreover, the RBI also announced the amalgamation of Lakshmi Vilas Bank and DBS within minutes of putting LVB under moratorium. During this moratorium period of 1 month, […]

The festival of lights is also an auspicious time to start new things. Many people plan new investments during Diwali. There is a range of investment options to choose from including equities, mutual funds, fixed deposits, gold, real estate, etc. If you are planning to invest this Diwali, and are looking for low-risk avenues, then […]

Income tax is the tax paid by an individual or a Hindu Undivided Family or any taxpayer other than companies, on the income received. The revenue generated from these taxes is vital for the smooth functioning of the country as the government needs these funds to foster economic growth and development. The tax varies with […]

Aadhaar is a 12-digit unique identification number issued by the Indian government to the resident citizens of India by taking a person’s biometric details like iris scan and fingerprints, and demographic information such as DOB and address. Keeping your Aadhaar updated is not only beneficial but is quite necessary to avail of a lot of […]

Aadhaar Card is the unique identification card issued by the Government of India to all Indian citizens. The card carries a unique 12-digit number called the Aadhaar Number, based on the specific biometric and demographic data of each individual. Aadhaar Linking with your mobile number has become mandatory by the Government as per the order […]

Greetings investors! In this blog, we will explain what running account authorization is and how it works on Groww. Running Account Authorization is an option provided to the investors which they can use to authorize their broker to retain funds in their trading account rather than adding funds every time before making any investment. Psst! […]

Keeping user convenience in mind while investing in SIPs, Groww has introduced the autopay via the OTP option which is super convenient to set up. This saves you from the hassle of going back and forth on net banking portals outside of Groww app and sign any forms. The process is faster, better, and completely […]

NEFT or National Electronic Funds Transfer is one of the easiest payment methods as of today. On the Groww app, we have provisions to make investments via NEFT. In fact, the process is extremely simple. All you need to do is follow these 8 simple steps Step 1 Go to the Groww App and tap on ‘Explore’ […]