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The ICC T20 world cup has all of us hooked undoubtedly. From low-scoring thrillers to surprise upsets to high-scoring, high-voltage chases that have gone down to the wire, the ongoing world cup has had us on the edge of our seats! Post the high octane, much anticipated India vs Australia clash that took place yesterday, where India silenced the kangaroos, India is set to meet England in the semi-final clash tomorrow. As for the resilient Afghans, who first defeated Australia and then Bangladesh, the next stop is against the Proteas, who have been unbeaten in this tournament so far! But before these epic clashes, take a good, long, hard look at your financial fitness. And if you are unable to win at managing your finances in life, here are some insights you can take from these matches! <cmsannotation type="cmsannotation" annotationid="Never write off the underdog" comment="subhead" text="Never write off the underdog">Never write off the underdog </cmsannotation>Remember how USA, an associate nation and cricketing minnow, managed to thrash Pakistan by first taking their match to a super over, and then beating them by 5 runs? USA stunned cricket fans all over the world, while promptly announcing itself on the global cricket scene! Shortly after, Afghanistan won over Australia, a certified cricketing giant, by 21 runs. As unexpected as it was, it tells us to never completely write off the underdog, in cricket and in markets. Consider this. The BSE smallcap index has jumped up by 61.79% over the past year. In contrast, the BSE largecap index has only risen by 31.78% in this time. While large caps like Australia certainly offer stability, it is in these smallcaps like Afghanistan where immense growth potential lies. Which is why there is immense merit in allocating some portion of your portfolio to small-cap stocks. <cmsannotation type="cmsannotation" annotationid="Have an emergency fund" comment="subhead" text="Have an emergency fund">Have an emergency fund</cmsannotation> Stunned by both Afghanistan and India, in the end, Australia had to hope that Bangladesh wins over Afghanistan in more than 12.1 overs, so that they could make it through to the Super 8. Similarly, earlier on, Pakistan had to rely on India thrashing USA by a big margin,and then on USA to lose their last league match, so that they could qualify ahead. The lesson? Have an emergency fund handy, so that you don’t have to rely on others to battle any emergencies. Relying simply on friends and family to tide you through financially difficult times can come back to bite you! Experts suggest that your emergency fund should have at least 3-6 months of your essential expenses. <cmsannotation type="cmsannotation" annotationid="Markets don't stay the same" comment="subhead" text="Markets don't stay the same">Markets don't stay the same </cmsannotation>Die-hard cricket fans would know of Indian skipper Rohit Sharma’s struggles against left arm pacers. Before India’s match with Australia, Rohit had been dismissed by 3 of them in this tournament-Shaheen Shah, Saurabh Netravalkar and Fazal Haq Farooqi. So naturally, fans were concerned about how Sharma would battle Mitchell Starc, Australia’s most dangerous left-arm spinner, who was coming off a splendid performance in IPL 2024 as well. But Rohit Sharma’s swashbuckling 92 off 41 runs turned the tables. Infact, Starc’s over against Sharma went for 29 runs, the most expensive Starc had ever bowled in T20Is. So, if you think you can time the market, you’re mistaken. Investing in stock markets is not a matter of timing them, but staying invested over-time. The best time to conquer your demons, and to start investing is right now! <cmsannotation type="cmsannotation" annotationid="Diversify" comment="subhead" text="Diversify">Diversify </cmsannotation>India’s star batter Virat Kohli has been going through a lull, when it comes to runs. Dismissed for ducks against USA and Australia, his highest individual score is 37 off 28 balls against Bangladesh. And yet, India has continued its unbeaten streak throughout the world cup. That's because other players like Rishabh Pant, Hardik Pandya stepped up. The idea is to diversify, and not put all your eggs in one basket. Have more than one asset class in your portfolio apart from equity, like debt, gold and others, so that you are able to hedge your risks. If one asset dips, you have the cushion of others to safeguard you from losses. <cmsannotation type="cmsannotation" annotationid="You don't need a lot to start" comment="subhead" text="You don't need a lot to start">You don't need a lot to start </cmsannotation>This world cup has largely been about Afghanistan’s dream run, and how they managed to qualify for semifinals for the first time ever. This, despite not having a proper home ground, or any cricketing facilities in their country. Afghani players are a prime example of how discipline and consistent effort is all one needs to win. So, stop waiting for when you’ll start earning more to start saving and investing. Begin with that Rs 500 SIP right away, and increase it as you go. Starting off and staying at it is more important than waiting for the right time! <meta content="cms.next" name="cmsei" />

Five financial lessons to take away from the ICC T20 World Cup

<ul><li>Equal-weight indices give equal weightage to all the stocks making up a benchmark. </li><li>On an equal-weight index, no stock can unduly influence the index movement and all stocks get almost the same representation – making for a fairly well-diversified portfolio. </li><li>When many of the market constituents witness strong rise in stock prices, an equal-weight index can deliver better returns than a concentrated portfolio. </li><li>In an equal-weight index, as a result of the same weightages to all stocks, the level of sector concentration also becomes reduced.</li></ul>Many retail investors would be familiar with regular index investing. This often entails investing in funds that track indices such as the Nifty 50 and the Nifty 100. The stocks that form a part of these indices are given weightages based on free float market capitalisation – we’ll come to it in a bit. Therefore, each stock has a different weightage in the overall index. An interesting variant that has been gaining traction is equal-weight index investing. So, these are indices that accord equal weights to stocks. Here’s more on what goes into equal-weight indices and what you must understand before investing in them. How free-float and equal-weight indices vary As mentioned earlier, the regular Nifty 50 and Nifty 100 indices are based on free-float market capitalisation. Now, there are broadly two categories of shareholders in listed companies. Promoter and promoter groups, and trusts backed by them are one category. Public shareholders form the second type. So, the shares of promoters are not traded actively or are allowed only with many restrictions. The rest of the shares are free float and allowed to be traded in the markets. Now, the free float shares multiplied by the share price gives the free float market capitalisation. While constructing the index, the stocks with higher free-float market capitalisation get higher weightages than those with lower numbers. Equal-weight indices, on the other hand, do away with such restrictions based on free- float market capitalization. These indices give equal weightage to all the stocks making up a benchmark. For example, all stocks get around 2% weightage in the Nifty 50 Equal weight index. In the Nifty 100 Equal Weight index, all stocks are given a weightage of around 1%. Broad-based stock and sector representation Investing in an equal-weight index has its fair share of advantages. Here are a few of those. Truly well-diversified portfolio with same weightages: Let us take the Nifty 50 as an example. The top 10 stocks in the Nifty 50 account for nearly 58% of the portfolio. A few stocks can have a disproportionate impact on the movement of the index. <img src="https://lh4.googleusercontent.com/EQuxFSvIA1pTEgfLWP92ATrWAtkOBUObur3Hzf9MvstjTqe2W1I1nyD0X4wYXOWH-N-S5LdH1FZQMvoPvJ6WyE2ZlZj1Zq7uf8dXpNXDO7cQH4q4_xpqw0SVVWNkb5y9khQZKNMkor_bg2QkZo5Heo6YJGgfMe1j67wUNDSUk-B3Xp0YJhXIRrWe865M9t5cc4IyJ_vCQg" /> <img src="https://lh4.googleusercontent.com/P6GxNV1ugM2QRUiVMxUuRVNwtVnpQcDlor4fXvS_jdHNFVrA-YYLGoxMvR20XoHWbtfl22JleHXFlc2iai3_81yBgm-L5qATnbqWQ0mZYWl9g87XKNE_xc7gMgAaC9fxcBvjWjgkrgYZ0HGnXnhSO_5PdAu159rPS7kyUZ6U6vF8IE38Qa5jrwEkx_ahDEhAYlAXYIumZg" /> In the Nifty 50 Equal Weight index, on the other hand, the top 10 stocks make up only a little over 20% of the portfolio. No stock can unduly influence the index movement and all stocks get almost the same representation, thus making for a fairly well-diversified portfolio. Chances of outperforming in broader market rallies higher: When many of the market constituents start rallying and witness strong rise in stock prices, an equal-weight index can deliver better returns than a concentrated portfolio. In the rally after the Covid-19 crash in March 2020, stocks across segments rallied. Such moves help equal-weight indices as most stocks get to participate in the rally. And in a falling market, they may cushion downsides better as weightage to individual stocks is low (just 2% in the case of Nifty 50 Equal Weight index). In effect, the movements on the upside and downside are tempered. <img src="https://lh5.googleusercontent.com/wjyM0sopoYRciXcsR-qftGaGRBjOPmyxIOB_JnTdjcJLyiDkujyb6hK1VBA1zS-PPfHwVMo0i5GvMUJUD29mOUJQwSrp-F9PnLYIn3FvhwwkuvY0VyKwt4Jzh4Wj8tRuAZ_WX4MjLhg9oZxKFyCsoGQWYnrEsbrCD51LujS1eSVX-3l7LqFTteecx0T9CdVDS4VfJaZv_g" /> In a narrower market rally led by very few stocks, a free-float market capitalization index may perform better. An example would be the markets in 2018-19. Lower sectoral concentration: In the equal-weight index, as a result of the same weightages to all stocks, the level of sector concentration also becomes reduced. For example, the financial services sector gets 34.56% weightage in the Nifty 100 index. But in the Nifty Equal Weight index, the financial services segment constitutes only 22.05%. Therefore, there is a better spread of exposure across sectors and a reduction in concentration in select sectors. This diffusion reduces the risks associated with the portfolio. Also, some sectors such as automobiles get better representation in the equal-weight index than the free-float one. As a natural profit-booking index: In an equal-weight index, the rebalancing of constituents happens once every six months. Therefore, even if any stock rallies heavily during a period, its weightage would be restricted to the original equal-weight index levels. This is akin to taking profits periodically in a systematic way. For a retail investor, the optimal way to invest in an equal-weight index is through an index fund that tracks and replicates, say, the Nifty 50 equal weight index. Such an offering could be a diversifier to the portfolio. To further understand product suitability, it is best to seek help from a financial advisor before investing. (The author is the Head Investment Strategy at ICICI Prudential Asset Management Company) <meta content="cms.next" name="cmsei" />

Equal-weight index: For diversified investments with low volatility

<ul><li>From crackers to clothes to basic household items, lower middle classes have been spending very little in the last few months. </li><li>Most consumer companies are seeing sales and volume growth in their premium products while volumes in value buys are truncating. </li><li>The current festive season which reported bumper sales also saw little participation from the lower middle classes as per RAI. </li></ul>Mahadev Samarth (name changed), a firecracker seller from Meerut enjoyed a bumper sales season this year. Yet he has a lot of inventory left over in bijli crackers or match crackers – which never got sold. Not because they were too expensive, but because the lower income households that buy such crackers could no longer afford them. “Most of my pricey range of rockets and more were sold but at the lower end, there are barely any sales,” he told Business Insider India. The lower middle classes also seem to have held off their festival celebrations and that’s evident in sales of other goods as well, be it clothes or household items. “Retailers were indicating that items at higher price points were witnessing better sales than discretionary items at lower price points in the month of August, which was also a non-occasion month. This may indicate that the lower middle class may have put a temporary pause on shopping due to inflation,” said a report by Retailers Association of India (RAI) at the end of September. The October sales in general have been robust, as <a href="https://www.businessinsider.in/business/news/retail-sales-jump-19-from-pre-pandemic-levels-west-india-leads-recoveryrai-survey/articleshow/95502977.cms">per RAI’s latest report</a>. The lower middle classes have been becoming tight fisted for a long time now, and even the upbeat festival mood has not changed that. In fact, lagging growth in rural areas (where half of India’s lower middle class resides) and its slow recovery is affecting many large companies in their value buy segment. Price cuts are not helping There is another indicator to tell us the spending habits of India’s vast lower middle class – hawai chappals or the humble flip flops. With prices starting from around ₹100, they are the most value-buy purchases in the footwear segment known for their comfort and longevity. The segment has seen a degrowth of 20% in the last six months in terms of value, as per Relaxo Footwear’s Q2 earning commentary. “So in the shoe division, our growth in the last six months is around 30%. So there is a healthy growth coming in the shoe division, which is sports shoes and sports sandals. So that has grown well, but open footwear, which is Hawaii, has degrown,” said Gaurva Dua, executive director of Relaxo, who also said that they are facing pricing pressures in the segment. At the same time, their sports shoes and out-of-home footwear segments performed well – indicating the dichotomy in spending patterns as seen in the case of cracker sales. Marico too says it has seen its business growing at one end and truncating at the other. And, reducing prices is not helping, indicating either heavy reduction in consumption or downtrading to local or unbranded products. Its popular hair oil brand’s Parachute’s volumes reduced 3% and revenue by 11% in the second quarter. Its price reduced by 8% and the company has rolled out further cuts in Q3, says an Axis Capital report. On the other hand, its premium personal care segment posted a strong 40% year on year increase. The heat of inflation The consumption story which had started to show an uptrend post-lockdowns has been exhibiting an uneven growth. This is especially true after consumer price inflation hit an eight-year high of 7.79% in April this year. Ever since it remained above 7% every month, easing only temporarily to 6.7% in July, until it reached <a href="https://www.businessinsider.in/finance/news/retail-inflation-eases-to-6-7-in-october-from-7-4-in-september/articleshow/95512476.cms">similar levels in October</a>. Even as retail inflation eased to a three-month low in October, food inflation remained at around 7%, with essentials like meat, cereal, milk and vegetables eating into the household budgets of the lower middle classes. And this softened consumption story is showing little signs of recovery if the earnings commentary of consumer product and FMCG companies are to be believed. Dabur too has taken a hit in the second quarter, as around 46% of its revenues come from the value segment, targeted to rural markets. This time, however, its urban growth lagged too, for the first time in six quarters. Unlike Marico which believes that its overall volumes will grow at mid-single digits volume growth in the second half of the year, Dabur expects only a marginal growth. “Dabur’s 2Q rural demand (as tepid with 1% y-y growth) and lagged urban (6% y-o-y growth) for the first time in six quarters, with downtrading to smaller packs visible owing to inflationary pressures. Management expects near-term pressure on volumes to continue, but to be marginally better q-q,” said a report by Nomura. The Indian middle class accounts for around 28% of India’s total population – at 1.3 billion. Of this, the lower middle class makes up for around 14%, as <a href="https://www.livemint.com/news/india/the-anatomy-of-india-s-middle-class-1556088919798.html">per a Mint report</a>. Apart from making up a distinct consumption class, this aspirational segment and its growth momentum is key to <a href="https://m.economictimes.com/news/economy/indicators/middle-60-india-can-help-gdp-growth-to-10-study/articleshow/54725412.cms">the nation’s GDP growth</a>. However, they are also the most vulnerable. In times of most crises, be it inflation or economic slowdown, the lower classes are the first to be affected and the last to recover – a factor that’s now taking a toll on companies and retailers who build their business models around them. (With inputs from Sudhanshu Singh) SEE ALSO <a href="https://www.businessinsider.in/business/corporates/article/tatas-mega-aviation-merger-is-poised-for-flight-but-the-skies-are-not-clear-yet/articleshow/95526116.cms">Tata's mega aviation merger is poised for flight, but the skies are not clear yet</a> <a href="https://www.businessinsider.in/business/corporates/article/nykaas-fashion-foray-and-pipeline-style-biz-model-worries-analysts/articleshow/95405203.cms">Nykaa’s fashion foray and pipeline-style biz model worries analysts</a> <meta content="cms.next" name="cmsei" />

Inflation burns a hole in the pockets of India’s lower income households. From FMCG goods, flip flops to crackers, consumption takes a backseat

Formed in 1950, Union Bank of India is one of the largest nationalized banks in India. There are around 2,000 branches for the bank across the globe and today Union Bank of India is fully CBS enabled with a turnover of over 2 lakh crores. Union Bank of India customers can access several convenient facilities offered by the bank to check their account balance and also perform several banking and other financial functions. Here we discuss how to check the Union Bank of India account balance through different easy and quick methods without having to visit the bank physically. <cmsannotation type="cmsannotation" annotationid="Missed call method to check account balance" comment="subhead" text="Missed call method to check account balance">Missed call method to check account balance</cmsannotation> If you wish to check your Union Bank of India account balance through the missed call method, you can follow the simple steps below. Give a missed call to 09015431345 from your registered mobile number. The call will get automatically disconnected after a few rings. You will get an SMS to your mobile stating the details of your account balance. <cmsannotation type="cmsannotation" annotationid="Internet banking balance check" comment="subhead" text="Internet banking balance check">Internet banking balance check</cmsannotation> Union Bank of India offers internet banking service through its dedicated online portal. You can also use the internet banking site to perform several financial and banking activities and also check your account balance. If you have already registered for this service, follow the simple steps below to know your account balance. Login to the Union Bank of India net banking site using your login credentials. Enter the username and password. Select the option ‘Account summary’ from the dashboard to know your account balance through net banking method. Using this facility, you can also request an E-statement to view your past transactions. <cmsannotation type="cmsannotation" annotationid="Mobile banking to check balance" comment="subhead" text="Mobile banking to check balance">Mobile banking to check balance</cmsannotation> Union Bank of India offers some sophisticated mobile apps for its customers to check account balance. Here are the different apps you can use to check your Union Bank of India account balance as well as perform some financial and banking activities online from the ease of your mobile phone. Two different apps provided by Union Bank of India include Union Mobile Banking, Union ePassbook. You can download and install any one of these two apps on your phone and follow the simple steps to check your balance and also get your account statement. USSD method to check balance Union Bank of India balance check can also be done by dialing USSD code on your mobile phone. Dial *99*63# or *99# from your registered mobile phone number and you will get an SMS stating your Union Bank of India account balance. SMS banking method Union Bank of India customers can also check their account balance using the SMS method. You just need to send an SMS to the number 9223173933 by typing BAL&lt;MPIN&gt;. Balance check at the ATM Union Bank of India provides ATM facilities for its customers. However, you can use any bank’s ATM to check your Union Bank of India account balance. Visit the nearest ATM and insert your debit card in the slot provided. Input your PIN number and follow the instructions. Choose the ‘Account Balance’ option and you will see your account balance displayed on the screen. You can also get a print out of your Union Bank of India account balance. <meta content="cms.next" name="cmsei" />

Union Bank of India balance check enquiry number

Andhra Bank has been serving Indian customers since 1923. Headquartered in Hyderabad, Andhra Bank is one of the most popular banks in the country with a large customer base. The customers of Andhra Bank have several easy and quick methods to check their account balance without visiting the bank physically. Read on to know some simple ways to check Andhra Bank account balance. Missed call method to check account balance To check your Andhra Bank account balance using the missed call method, you just need to give a missed call from your registered mobile number to 09223011300. After a few rings, the call will automatically get disconnected and you will get an instant SMS stating your account balance. Internet banking to check the balance Andhra Bank provides an internet banking facility to its customers. You can visit the Bank’s internet banking site and login using your credentials. Once you land on your account page, navigate to Accounts and then inquire. Choose ‘Account Summary’ option and select Actions and then click on ‘Account Statement’. Mobile banking method to check the balance Andhra Bank provides mobile banking facility for its customers. AB Tej and Andhra Bank e-Passbook are two innovative and customer-friendly apps provided by Andhra Bank to check your account balance and also perform some easy banking and financial activities online. Some banking and financial functions you can perform on the mobile app include balance check, mini statement, cheque book request, fund transfers, and others. Download and install any one of these apps on your phone and register for the online services. You can easily check your account balance from time to time on these mobile apps. Toll free enquiry number to check account balance Andhra Bank provides a toll-free number to check account balance. From your registered mobile number, dial 1800 425 1515. Once you dial this number, you will be asked to select your language. You can use this telebanking service to check your account balance, get account statements, and carry out some easy banking and financial activities. Andhra Bank’s telebanking facility is available to customers between 10.00 am to 5.00 pm on all working days. On the second and fourth Saturdays, this service is not available. Check account balance at the ATM Andhra Bank provides a number of ATMs across the country for its customers. You can visit the Andhra Bank ATM to check your account balance and also perform some banking and financial activities. In fact, Andhra Bank customers can use any bank’s ATM to check their account balance and perform some financial transactions. To check you balance, insert your debit card in the slot provided. Input your PIN and follow the instructions. Select the ‘Account balance’ option and you will find your account balance information displayed on the screen. You can also get your account balance information printed by the ATM machine. Passbook Andhra Bank provides a passbook for all its customers while opening the account. You need to update the passbook entry by visiting the bank or the passbook printing kiosks set up by the bank in different sites. The passbook will have all the information about your account with the bank. Once it is updated, you will see the latest transactions done on your Andhra Bank account. See Also - <a href="https://www.businessinsider.in/finance/news/how-to-check-account-balance-in-icici-bank/articleshow/74169469.cms">How to check Account balance in ICICI Bank</a> <a href="https://www.businessinsider.in/personal-finance/news/how-to-activate-the-new-state-bank-of-india-atm-card-online/articleshow/74965906.cms"></a><a href="https://www.businessinsider.in/steps-to-check-account-balance-in-sbi/articleshow/69607243.cms">How to check account balance in sbi</a> <a href="https://www.businessinsider.in/personal-finance/news/how-to-check-account-balance-in-pnb/articleshow/74135649.cms">How to check account balance in pnb</a> <meta content="cms.next" name="cmsei" />

How to check Andhra Bank account balance from enquiry number

NREGA Job Card is given under the National Rural Employment Guarantee Act, 2005. After its launch, the scheme was renamed as MGNREGA, expanded as Mahatma Gandhi National Rural Employment Guarantee Act. This scheme is one of the most popular social measures of the Indian Republic to guarantee “the right to work” in rural areas of India. The project seeks to improve the financial condition of the deprived population inhabiting the rural areas of the country. As part of this labor law, the local government is bound to give not less than 100 days of waged employment to the masses in the rural areas in order to enhance their quality of life. <cmsannotation type="cmsannotation" annotationid="What is job card in India" comment="subhead" text="What is job card in India">What is job card in India</cmsannotation> Job card in India is issued to every household under the NREGA scheme administered by the Government of India. The job card contains the names and photographs of all the members in the household. This is actually a legal document that will guarantee the household a minimum of 100 days of salaried employment so that the card holder can exercise his or her ‘Right to work’ under the Mahatma Gandhi National Rural Employment Guarantee Act. If you do not have a job card in India, you can apply for one by visiting the <a href="http://www.nrega.nic.in">NREGA website</a>. <cmsannotation type="cmsannotation" annotationid="How to check the balance in Job Card" comment="subhead" text="How to check the balance in Job Card">How to check the balance in Job Card</cmsannotation> As on date, there is no way to check the NREGA account balance in the online mode. However, you will find some details on the NREGA job card that you can use to check the NREGA payout for a given period of time. The job card will give details of the number of days for which the employee was given job. There is a fixed wage for every day of work that the said individual has completed under the scheme. This is usually updated on the job card. Since the rate of the daily wages allowed varies from state to state and that it is liable to change periodically, you must first find this out to be able to get the right balance information on the job card. Know that the rates allowed is the same throughout a given state. Once this detail is available, you can check the NREGA account balance for the payouts that are pending to be done. Once the payment is added to your bank account, it is possible to check the bank balance using some apps or following the procedures advised by the bank in which you have your bank account. <cmsannotation type="cmsannotation" annotationid="The job card payment process" comment="subhead" text="The job card payment process">The job card payment process</cmsannotation> The wages are calculated based on the work done. The primary payment process is to transfer the wages to the bank account of the job card holder directly. If the applicant does not have a bank account, he or she must open one using the NREGA job card as a KYC document proof. It is possible to open a zero balance account under this scheme. Some Gram Panchayats choose to give the payment in cash. The MGNREGA payment is the same for both the genders. <meta content="cms.next" name="cmsei" />

How to check job card balance (Mgnrega payment details)

Pradhan Mantri Kisan Samman Nidhi Yojana also popularly called as PM-Kisan is a scheme that is meant to benefit the farmers in the country. Under the PM Kisan scheme, every farmer in the country will be given a total amount of Rs. 6,000 issued in three instalments of Rs. 2,000. PM-Kisan yojana targets to provide financial assistance to the small and marginal level farmers in the nation. The PM Samman Nidhi Yojana benefits the Indian farmers in all states by providing INR 6,000 financial assistance for the purchase of seeds, fertilizers, farming supplies and pesticides. The payment is released as per the details published on the official website of the scheme <a href="http://pmkisan.gov.in">pmkisan.gov.in</a>. You can follow the steps given below to check the PM Kisan balance. How to check PM Kisan Samman Nidhi status or PM Kisan balance Visit the official website of the Indian Government’s <a href="http://pmkisan.gov.in">PM Kisan Samman Nidhi</a> scheme. You can find the latest updates on the PM Kisan Samman Nidhi on this website. Move the mouse curser on the ‘Farmer’s Corner Section. You will find a drop down menu. Select the option ‘Beneficiary List’. In this list, you will find the status of your application for the PM Kisan Samman Nidhi. Alternatively, you can also click on the direct link <a href="http://pmkisan.gov.in/">pmkisan.gov.in</a>. Here also you will find the PM Kisan Samman Nidhi list for your village. In this list, you will find the name of the farmer and the amount allotted for the farmer in their bank account. After landing on the beneficiary list of the PM Kisan Samman Nidhi, you need to choose the name of your state, district, Sub-District, Block and Village one by one from the drop down menus. Once you have selected all these entries, you must click on the ‘Get Report’ section for checking the list of your village for the details of the Kisan Samman Nidhi with regard to this present phase. On the list of Kisan belonging to your village, choose your name from the alphabetical list to know the status of the financial aid given to you under this scheme. See Also - <a href="https://www.businessinsider.in/finance/article/how-to-check-pradhan-mantri-jan-dhan-yojana-account-balance/articleshow/75182470.cms">How to check Pradhan Mantri Jan Dhan Yojana Balance</a> <meta content="cms.next" name="cmsei" />

How to check PM Kisan scheme money and balance

One of the largest nationalized banks in India, United Bank of India provides a range of financial and banking services to its customers in the country. UBI was formed in 1950 by amalgamating four banks including Comilla Banking Corporation Ltd., Bengal Central Bank, Comilla Union Bank Ltd., and Hooghly Bank Ltd. Around the globe, UBI has about 2,000 branches. The bank also offers a range of financial services like mutual funds, insurance, retail banking, share trading and others. Here are the different ways provided by the United Bank of India for its customers to know their UBI account balance. Balance enquiry using the missed call method If you wish to check your UBI account balance through the missed call method, you must dial the number 09015431345 from your registered mobile number. Your call will get disconnected automatically after a few rings and you will receive an SMS on your number indicating your account balance. If you have not registered your mobile number for this service, you must first get it done by visiting the nearest branch to be able to use the range of services offered on the registered mobile numbers of the UBI customers. Internet banking balance check United Bank of India provides a net banking facility for its customers for accessing banking and financial services online. You must first register for this service. Visit the bank’s official site and login using your credentials. Enter the username and password in the fields shown and click on submit. After logging in, select the option ‘Account Summary’ to know your balance. Balance check using the mobile banking facility UBI offers a number of sophisticated apps to check the account balance and also carry out some financial and banking transactions online. You may download either ‘United Mobile Banking app or United Passbook’ app to check your balance and also do some banking operations on the app. USSD based balance check For checking your United Bank of India account balance, you can also use the USSD based service available to the customers of all banks. From your registered mobile number, just dial *99*63# or *99# to get your balance. Information. Since this facility is available on all GSM enabled phones, most customers can use this method easily. Balance check through the SMS banking method United Bank of India also provides the SMS banking service to check the account balance. Send an SMS to 9223173933 by typing BAL&lt;MPIN&gt;. Wireless Application Protocol (WAP) balance check For checking the UBI account balance in this method, access the website <a href="https://mobile.fssnet.co.in/mpaywap/unbi">https://mobile.fssnet.co.in/mpaywap/unbi</a> through your mobile phone browser. Those who have GPRS service can use this facility for balance check and also a number of banking functions. UBI balance check at the ATM Across the globe, the UBI operates more than 1,000 ATMs. You can visit the UBI ATM or the ATM of any other bank to know your UBI account balance. Insert your ATM card in the slot provided in the ATM machine. You will be prompted to enter your four digit PIN and also follow the steps as asked. To know your UBI account balance, select the ‘Balance Enquiry’ option and you will see your account balance displayed on the screen and also printed on the slip issued by the machine. See Also <a href="https://www.businessinsider.in/finance/news/how-to-check-account-balance-in-bank-of-baroda/articleshow/74119351.cms">How to check balance of Bank of Baroda </a> <a href="https://www.businessinsider.in/steps-to-check-account-balance-in-sbi/articleshow/69607243.cms">How to check account balance of SBI</a> <meta content="cms.next" name="cmsei" />

How to check the United Bank of India account balance

One of the oldest banks in India, Syndicate Bank started serving the customers in the country with a range of financial and banking services in 1925. Earlier, it was called Canara Industrial and Banking Syndicate Limited. Eventually, the bank was merged with Maharashtra and South Indian Apex bank and was then renamed as Syndicate Bank with its headquarters situated in Manipal. If you are a Syndicate Bank customer, here are a few ways provided by the bank to check your account balance. Missed call banking Syndicate Bank provides the missed call method to check the customer’s account balance. To use this facility and check your balance, give a missed call from your registered mobile number to 9210332255. Your call will get automatically disconnected after a few rings. You will receive an SMS on your mobile indicating your balance information. This is a free service provided by the bank. SMS banking balance check To check your syndicate bank account balance through the SMS balance check method, you can follow the steps given under and send a message from your registered mobile number to 9210332255. To check the present balance: SBAL or sbal &lt;CustomerID&gt; To get the last 5 transactions: STXN or stxn &lt;CustomerID&gt; Balance check through Syndicate Bank App Syndicate Bank mobile app is free to download from the app stores. Once you download and install this app on your phone, you can check your account balance by logging in using your credentials and landing on your specific account page. Net banking balance check method Syndicate Bank provides a net banking facility to its customers. With Syndicate Bank net banking facility, you can do some important banking and financial functions. You need to register for this service first and then you can check your account balance or do payment transfer using the NEFT, IMPS and RTGS facilities. Balance check through USSD banking method This is a mobile banking facility available for the syndicate bank customers. IN fact, this method can be used by any bank’s customer for checking the account balance. Most interestingly, this facility lets you check your bank account balance from any handset. You just have to dial *99# and the mobile banking session will start. You can check your bank balance along with gaining access to some other banking services. Check balance at the ATM Syndicate Bank customers can also check their account balance at the ATMs. You can check your Syndicate Bank account balance on any bank’s ATM. Use the following steps to check your balance at the ATM. Insert your ATM card in the slot provided in the ATM machine. Follow the steps as asked on the machine. Input your 4-digit PIN number. Select the option ‘View Account Balance’. When you check your balance on the ATM machine, no charges will be debited from your account as this is a free service. Balance check using UPI payment app Syndicate Bank customers as well as the customers of any bank can use the UPI Payment app for checking balance. You will find a large number of UPI payment apps which you can download and install on your phone. Across most of these UPI apps, the process to check your balance is almost the same. See Also - <a href="https://www.businessinsider.in/steps-to-check-account-balance-in-sbi/articleshow/69607243.cms">How to check account balance of SBI</a> <a href="https://www.businessinsider.in/personal-finance/news/how-to-activate-the-new-state-bank-of-india-atm-card-online/articleshow/74965906.cms">How to activate new SBI ATM card Online</a> <meta content="cms.next" name="cmsei" />

How to check Syndicate bank balance

For many reasons, you may need to make a stop payment request for the cheques you might have issued to third parties. For example, if you have issued a cheque for a wrong amount or if you have cancelled the order after issuing the cheque, you may need to stop the payment. If you are a SBI customer, you can follow these simple steps for making a stop payment of a cheque request. How to make stop payment of cheque request online through SBI retail portal <ul><li>Visit the <a href="https://retail.onlinesbi.com/retail/login.htm">online portal of SBI</a> for retail customers.</li><li>Click on the menu box on top of the page ‘Request &amp; Enquiries.</li><li>In the drop down menu, click on the option ‘Stop Cheque Payment’. </li><li>Select the account number from which you issued the cheque.</li><li>In the column ‘Start Cheque Number’, enter the number of the first cheque you wish to cancel.</li><li>In the column ‘End Cheque Number’, enter the number of the last cheque in the series of cheques you wish to cancel. </li><li>If you wish to cancel the payment for a full cheque book, enter the first cheque leaf’s number in the first column and the last cheque leaf’s number in the next column.</li><li>If you have any confusion regarding the cheque numbers, you can go to the menu ‘Cheque Book request’ in which you will find the details of the cheque books issued to you so far with the cheque numbers. From here you can gather the cheque numbers. </li><li>Select the type of cheque and then enter the ‘Stop Reason’. </li><li>There will be charges for making a stop request. The minimum charge will be Rs. 100 and the maximum charges will be Rs. 500 depending on the condition and amount. The relevant charges will be automatically debited from your account. </li><li>Once you complete these steps, you will see the complete details of the cheque(s) for which you made the stop payment request.</li><li>You can also view stop cheques which will give you the details of the cheques for which you made the stop payment request. </li><li>At a later date if you wish to cancel the stop payment request and honor the cheque, you can go to ‘Revoke stop Payment Instruction’ tab and fill in the details of the cheque that you wish to honor once again. </li><li>You will receive a high security transaction password on your registered mobile number. Enter the number and click on ‘confirm’. You will see a message on the screen that your request has been accepted with the reference number.</li></ul>Useful information If you wish to make the stop-cheque-payment request online, the service will be available only from 8:00 am and 8:00 pm. If the service is not available online, you will have to physically visit the branch where you have the account and make the request by filling in the forms available at the branch. Though the bank has made stopping payment requests an easy thing for the customers through the SBI online portal, there are always hassles involved in the process and you need to bear the charges. Hence it is always good to be careful while issuing the cheque so that you can avoid this hassle. See Also - <a href="https://www.businessinsider.in/steps-to-check-account-balance-in-sbi/articleshow/69607243.cms">How to check account balance of SBI</a> <a href="https://www.businessinsider.in/personal-finance/news/how-to-activate-the-new-state-bank-of-india-atm-card-online/articleshow/74965906.cms">How to activate new SBI ATM card Online</a> <meta content="cms.next" name="cmsei" />

How to stop payment of cheque from online SBI netbanking

Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched in India in August 2014. This is a National Mission for achieving financial inclusion and making a range of financial services like savings, deposits, banking, credit, remittance, insurance and pension easy and accessible to all sections of the masses. PMJDY aims to deliver financial services at an affordable cost to the low-income segments of the public and reduce poverty in India. An individual can open an account under the PMJDY scheme with any one of the banks in the country or with a Business Correspondent (Bank Mitr) outlet. People can open a zero balance account under this scheme and must maintain a particular minimum balance if they want to get a cheque book. The account holders are given RuPay debit cards under this scheme which they can use across any ATM in the country for withdrawal of cash. Here is how you can check your Jan Dhan Yojana account balance. The National Payments Corporation of India (NPCI) has innovated the *99# service for the banking customers in India. This service can be used for mobile banking by anyone who has a bank account with any bank. The minimum requirement is that the individual must have a mobile phone – smart phone or even a basic phone. The handset must be GSM enabled. Users of CDMA handsets cannot use this facility. About *99# service *99# is a mobile banking service. Based on USSD (Unstructured Supplementary Service Data). Through *99# service, the NPCI has brought together the telecom service providers and banks to provide a range of services to the banking customers in India. to gain access to financial and non-financial services, the individuals need to have mobile banking activated on his or her account and use the registered phone number to dial the code *99# and then follow the simple steps to access the range of services allowed on their account. Balance check using *99# service To check the Jan Dhan Yojana account balance using this facility, you must have your mobile number linked with your account. Also your mobile banking must be active. Your phone must be a GSM handset. The registered phone number must be on and active on your phone. If all these conditions are met, you can get started with the *99# service. Follow the steps given below to know your Jan Dhan Yojana account balance using this service. <ul><li>Dial *99# from your handset.</li><li>You will receive a welcome message on your phone. You will be prompted to enter any one of the following details:</li><li>The first 3 letters of your bank’s short name.</li><li>The first 4 letters of your bank’s IFSC code.</li><li>You must first check and know the right short name or IFSC code of your bank before using this service. </li><li>Once you enter any one of these details and hit OK, you will find a list of services offered under this facility. The first option that starts with the serial number 1 is balance enquiry. </li><li>If you need to check the balance in your Jan Dhan Yojana account, press ‘1’ and then press submit. </li><li>Following a confirmation screen, you will see the balance of your account displayed on the phone screen.</li></ul>Source: <a href="https://pmjandhanyojana.co.in/99-banking-services-statement-funds-transfer/">https://pmjandhanyojana.co.in/99-banking-services-statement-funds-transfer/</a> See Also - <a href="https://www.businessinsider.in/steps-to-check-account-balance-in-sbi/articleshow/69607243.cms">How to check account balance of SBI</a> <meta content="cms.next" name="cmsei" />

How to check Pradhan antri jan dhan yojana account balance

Headquartered in Mumbai, Maharashtra, Central Bank of India (CBI) is a popular player among the large sized commercial banks in India. Central Bank of India offers a range of financial and banking services to its customers. If you are a Central Bank of India customer, you can use a number of ways to check your account balance including the following. <cmsannotation type="cmsannotation" annotationid="Check enquiry number of central bank of India" comment="subhead" text="Check enquiry number of central bank of India">Check enquiry number of central bank of India</cmsannotation> This method of checking CBI balance works through the missed call method. To check your CBI account balance, you need to give a missed call to the CBI toll free number 95552 44442. Once you dial this number from your registered mobile, the call will get disconnected automatically and then you will receive an SMS giving you your account balance information. You can use this method for checking the balance both in current account and savings account. <cmsannotation type="cmsannotation" annotationid="Net banking method of central bank of India" comment="subhead" text="Net banking method of central bank of India">Net banking method of central bank of India</cmsannotation> CBI provides net banking facility to all its customers. If you have already registered for Central Bank of India net banking facility, you can check your account balance using this method. Visit the CBI home page and the login using your credentials. Once you land on your exclusive page, you can know your account balance from the account summary. You can also perform a number of banking functions and financial transactions using the net banking facility. <cmsannotation type="cmsannotation" annotationid="Mobile banking method of central bank of India" comment="suhead" text="Mobile banking method of central bank of India">Mobile banking method of central bank of India</cmsannotation> To check your CBI balance using the mobile banking method, you need to download and install the CBI mobile banking app on your phone. Central Bank of India provides three mobile apps for its customers namely Cent Mobile, Cent m-passbook, and cent Mobilite. You can use these apps to check your account balance, and also carry out some financial transactions and banking functions. <cmsannotation type="cmsannotation" annotationid="Check balance from SMS" comment="subhead" text="Check balance from SMS">Check balance from SMS</cmsannotation> You can also check your Central Bank of India account balance through SMS method. To do this, you need to send an SMS from your registered mobile number typing BALAVL &lt;A/c No&gt; &lt;MPIN&gt; to 99675-33228. You will get an instant SMS in reply giving you your CBI account balance information. If you have not registered your number for this facility, you need to first do that by visiting your nearest CBI branch. <cmsannotation type="cmsannotation" annotationid="Passbook method" comment="subhead" text="Passbook method">Passbook method</cmsannotation> All the account holders of CBI will have received a passbook from the bank. This is a handy register that helps keep track of all the financial transactions happening on your CBI bank account. <cmsannotation type="cmsannotation" annotationid="CBI ATM to check your account balance" comment="subhead" text="CBI ATM to check your account balance">CBI ATM to check your account balance</cmsannotation> TO check your CBI balance using the ATM method, visit your nearest CBI ATM. Swipe your card in the slot provided for this. Give your PIN as asked by the ATM machine. Select the option ‘Balance Enquiry / check account balance’. You will see your account balance information displayed on the screen. <cmsannotation type="cmsannotation" annotationid="Toll free number for CBI balance enquiry" comment="subhead" text="Toll free number for CBI balance enquiry">Toll free number for CBI balance enquiry</cmsannotation> To check your CBI account balance using this method, you need to call the toll free number 1800 22 1911 from your registered mobile number. Your call will disconnect at once and you will get an SMS on this number giving you your CBI account balance information. See Also - <a href="https://www.businessinsider.in/steps-to-check-account-balance-in-sbi/articleshow/69607243.cms">How to check account balance of SBI</a> <meta content="cms.next" name="cmsei" />

Central bank of India balance check - check out different steps

Canara Bank is one of the largest banks in India. Its customers can check their account balance as well perform transactions in simple, easy and quick ways. Read on to know how to check your Canara Bank account balance and also carry out a few transactions without visiting the bank. Canara Bank provides some amazing banking facilities comparable to the best banks of the world. It is investing in the latest technology and offers a number of online services to its customers. The bank also has several mobile apps to facilitate digital banking services online. Here are a few mobile apps provided by Canara Bank: <ul><li>CanaraBillPay</li><li>Canara Cart</li><li>Canara Empower</li><li>Canara e-Infobook</li><li>CanaraGeoLocate</li><li>CanMobile</li><li>Canara Swipe</li></ul>Since the bank provides a plethora of ways to perform account balance check and also carryout online banking transactions, you can choose which mode you will choose as per your convenience. Here are a few ways to check your Canara Bank account balance information. Check canara bank account balance by ATM method If you are a Canara Bank account holder, you can check your account balance information on the ATM by choosing the ‘Balance Enquiry’ option. Once you insert your ATM card in the slot, you will need to enter the PIN number and choose the option ‘Balance Enquiry’. If you choose the mini statement option, you can also view the last 10 transactions. These facilities are made available to the Canara Bank customers on other bank ATMs also. Check Canara Account balance by Net Banking If you have already registered for net banking, you can use the user name and password provided by the bank to long into your Canara Bank account online. Using the net banking facility, you can check your account balance as well as carryout other banking transactions like funds transfers. You can also download the account statement for a specific period of time. Check Canara Account balance by Mobile banking If your mobile number is registered with your Canara Bank account, you can use the mobile banking facility provided by the bank to check your account balance as well as perform banking activities like paying bills, paying credit card dues, money transfers and others. Canara bank Empower Canara Empower is a UPI enabled mobile app provided by Canara Bank. This app facilitates making or collecting payments. You can also use this app to check your Canara Bank account balance information. In this route, the transactions are carried out through your virtual address that looks similar to your email address. So, you will not need to remember your account details or share them with someone. Canara bank Swipe Canara Swipe is an app provided by Canara Bank to do a number of banking activities on the app like account balance check, mini statement request, cheque book request, blocking credit card, blocking net banking, and hotlist debit card. Canara bank Cart This is one of the most interesting mobile app available to Canara Bank customers. You can use this app to check account balance information and also access all the different Canara Bank apps in one place. See Also - <a href="https://www.businessinsider.in/finance/news/how-to-check-account-balance-in-bank-of-baroda/articleshow/74119351.cms">How to check account balance of bank of baroda</a> <a href="https://www.businessinsider.in/finance/news/how-to-check-account-balance-in-oriental-bank-of-commerce/articleshow/74174349.cms">How to check account balance of OBC bank</a> <a href="https://www.businessinsider.in/steps-to-check-account-balance-in-sbi/articleshow/69607243.cms">How to check account balance of SBI</a> <meta content="cms.next" name="cmsei" />

Easy ways to check account balance in Canara Bank

Nomination and assignment are two legal terms very widely used in the life insurance sector. On the surface, they might look similar. However, they suggest two different activities by the policy holder and hence you must thoroughly know what they imply so that you do not make any mistakes and use them in the right way. What do these words mean? The term nomination means appointing a person to receive the policy benefits upon the death of the policy holder. The person thus chosen legally by the policy holder is called ‘Nominee’. The word assignment means the legal transfer of all the rights and benefits of the policy to the person to whom the policy holder has assigned it. Here the person assigned by the policy holder through a legal procedure is called the ‘Assignee’. In the act of nomination, the amount or property represented by the policy will remain under the disposal of the policy holder till the time he or she is alive. Only the benefits of the policy will go to the nominee in case of death of the assured. In case of assignment, all the assets and policy amount passes on by default to the assignee. The assignee now gets the title or ownership of the policy. About Nomination in detail In the life insurance sector, nomination is a kind of facility that allows the policy holder (the insured) to nominate a person. The legal process of nomination authorizes the nominee to claim amount accrued on the policy upon the death of the policyholder. In case the nominated person is a minor, a major must be specified during the process of nomination to receive the money on behalf of the minor nominee. Nomination can be made when the policy is purchased or any time before the term of the policy expires. During the term of the policy, the policyholder can also change the nominee. If the policyholder is alive when the policy matures or if the nominee dies before the policy matures, the policy amount is paid to the policyholder or his or her legal heir or representative. About Assignment in detail As the literal meaning of the term suggests, assignment means the legal transfer of rights of the policy from the policy holder (insured) to the person to whom it is assigned. As a result of this act, the assignee will receive the benefits that are mentioned in the insurance agreement. Generally, assignment is done out of the love and care of the policy holder to anyone of the family members or friends. Assignment can also be done to a third party in case of any adequate consideration or other arising reasons. Assignment is usually done via an endorsement upon the policy. It can also be done through a separate instrument which will have to be duly signed by the assignor or the agent. The signature must be witnessed by a competent person who will authorize it. Once the documents are received by the insurance company, the assignment becomes effective. <meta content="cms.next" name="cmsei" />

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