The government launched the product in India some eight years back but it has failed to take off, even though it can be a novel way to help cash-strapped senior citizens, whose sources of income are limited.
One must bear in mind, though, that PTR is not an assigned mandate, it only reflects the managers investment style.
Some e-wallets also offer a mobile app to help you check purchases and wallet balance.
The point is banks and HFCs are supposed to extend the benefits of falling interest rates to existing floating home loan customers as well, which usually do not happen and requires lot of applications/representations to the respective banks/HFCs to avail of such benefits.
Life Insurance can also act as an important tool in wealth creation for an individual helping him achieve long and short term financial goals.
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