New ICICI Bank ATM cash withdrawal, chequebook charges from next month. Details here

[ad_1]

After, country’s top lender State Bank of India (SBI), another major lender ICICI Bank is all set to revise charges for cash withdrawals from ATMs, cheque books other financial transactions from next month. The revised charges will be applicable for domestic savings account holders including salary accounts.

ATM cash transactions

ICICI Bank customers will get the first 3 transactions (inclusive of financial non-financial) in 6 metro locations (Mumbai, New Delhi, Chennai, Kolkata, Bengaluru Hyderabad) in a month as per the bank’s website. In all other locations, the first five transactions will be free. Thereafter, the bank will charge 20 per financial transaction 8.50 per non-financial transaction. These charges will be applicable for Silver, Gold, Magnum, Titanium Wealth cardholders.

Cash transactions at home branch

The ICICI Bank has allowed a total of 4 free cash transactions per month. As per the bank’s website, charges above free limits would be 150 per transaction.

Cash transaction limit at home branch

With effect from August 1, the home branch cash limit for ICICI Bank customers would be 1 lakh– free per month, per account. Above 1 lakhs – 5 per 1,000, subject to a minimum of 150, the bank said.

Cash transaction limit at non-home branch

At the non-home branch – no charges for cash transactions up to 25,000, per day. Above 25,000 – 5 per 1,000, subject to a minimum of 150.

Third-party cash transaction

For third party transactions, the limit has been set at 25,000 per day. Up to a limit of 25,000 per transaction – 150 per transaction. Above 25,000-limit, cash transactions are not permitted.

Cheque Books

The charges will be nil for 25 payable-at-par cheque leaves in a year. Above the free limit, the bank will charge 20 for every additional cheque book of 10 leaves.

ICICI Bank regular plus salary account

No charges for the first 4 transactions in a month; thereafter 5 per thousrupees or part thereof, subject to a minimum of Rs150 in the same month.

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.

Never miss a story! Stay connected informed with Mint.
Download
our App Now!!

[ad_2]

Source link

COVID-19: Events sector keeps eye on Calgary Stampede to see if mass gatherings can be held safely

[ad_1]

The Calgary Stampede officially got underway on Friday became the first legal mass gathering of people in Alberta since the COVID-19 pandemic hit the province nearly a year-and-a-half ago.

The event’s organizers say while they are excited about it, the 10-day event will be a scaled-down version of past Stampedes. Some areas on the Stampede grounds are restricting entry to visitors who can prove they have been at least partially vaccinated against COVID-19 or are willing to take a rapid COVID-19 test.

READ MORE: Calgary Stampede hiring for scaled-back event 

Despite the precautions, some medical experts have raised questions about whether it is wise to hold massive events at this stage of the pandemic, especially when only about half the province’s population has been fully vaccinated against the disease. Citing health safety concerns, some prominent sponsors have publicly distanced themselves from this year’s Stampede, although they have maintained their financial support for it.

Story continues below advertisement

Alberta’s chief medical officer of health Dr. Deena Hinshaw has said in the past that she does not believe the Stampede will pose a significant risk to the health-care system.

READ MORE: Calgary Stampede sponsor ‘will not be encouraging employees to attend’ event 

“It’s the first big test of summer, not just for Calgary, but even in the country,” said Cindy Ady, the CEO of Tourism Calgary.

“Most operators of events festivals are carefully watching what is going to happen over the next 10 days, because it’s going to inform them if they can come back this summer.”

The Calgary Stampede has told Global News that its operating plans “have been reviewed supported by Alberta Health the chief medical officer of health.”

The current Stampede format was made possible when Alberta lifted almost all of its COVID-19 restrictions on July 1, including the requirement to wear a mask indoors. The move came after the number of coronavirus hospitalizations declined once 70 per cent of eligible Albertans had received a first dose of a COVID-19 vaccine.

The Stampede says volunteers employees working at the event will wear a mask.

READ MORE: ‘Free of the mask’: Businesses taking cautious approach to Alberta lifting COVID-19 restrictions 

“It has been 16 of the toughest months I’ve ever seen — ever, not just in our city, worldwide — in this industry,” Ady said.

Story continues below advertisement

Lesley Plumley, the president of Calgary-based event-planning firm LP Events, said she believes Stampede organizers have done an excellent job of looking at how to ensure the city’s signature event is safe.

“Am I looking at the Stampede? Absolutely, because I want to see w,” Plumley said. “We are getting calls… so we’re planning for late into the year but we’re also seeing demincrease for major sporting events that are coming to Calgary for the following year.

She added that she has noticed hesitancy from clients when it comes to planning events she is committed to moving forward cautiously.

“During this pandemic post-pandemic, we are going to be making sure that every little tiny thing is going to be looked after,” Plumley said.

She acknowledged that the Calgary Stampede will be under a magnifying glass as it is the first event of its size to go forward since Alberta emerged from public health restrictions last week.

“I wouldn’t want to be the Stampede at all,” Plumley said. “They have a lot of weight on their shoulders… to make sure that everything goes spectacular cases do not rise during Stampede.

“I am very respectful that they are going ahead going forward.”

AnneMarie Dorland, an associate professor of marketing at Mount Royal University, said she believes the Calgary Stampede faces a challenge in “putting yourself out there as a brand, to be trying something new.”

Story continues below advertisement

“They have a lot of support partnership from the medical establishment, from community partners… but it is tough to be first out of the gate,” she said.

When asked if the Calgary Stampede’s brcould be hurt if a COVID-19 outbreak is linked to the event, Dorlsaid it’s “always damaging to think about an event that’s linked to an outbreak of any kind.”

“But the mitigation that they’re putting in place with the distancing, wider aisles, digital queueing, the Nashville North precautions that they’re putting in place, (they) are really setting the bar high for what is expected for their involvement, for keeping everybody safe,” she said.

“All of this is really a first for Canada it’s going to be a big change for the Stampede itself — as a br— as they try to maintain the story they’re telling to Canadians.”

When asked how damaging it would be to the Calgary Stampede’s brin the event COVID-19 outbreaks are linked to the event, a spokesperson for the Stampede said organizers recognize “this is a time of transition.”

“We recognize that there is both public excitement some questions, we remain committed to operating safely, meeting exceeding all public health guidelines continuing to work with partners to assess the situation to make-real time decisions,” spokesperson Kristina Barnes said.

Story continues below advertisement

READ MORE: Proof of COVID-19 vaccination or rapid test required to visit Nashville North in 2021

Ady said she also believes safety will be paramount for this year’s Stampede.

“Especially as we are all coming out of our cave after 15 months — to really be clear in their communication about the things that they’re doing to create safety for people as they look at these events.”

READ MORE: Wildhorse Saloon ready to ride again during the 2021 Calgary Stampede 

Ady said hotel operators event planners have seen their businesses be battered by the pandemic she believes the Stampede offers a “sign of life.”

“It is the major event in this industry for the city of Calgary,” she said. “Do we expect it to be at the 2019 levels? No, we do not. It will be muted in comparison, but a lot of it is about the beginning of the industry coming back to life.”

–With files from Global News’ Heather Yourex-West




© 2021 Global News, a division of Corus Entertainment Inc.

[ad_2]

Source link

‘Get in now’: realtors urge renters to lock in lease before Canada’s border reopens – National

[ad_1]

Realtors say people on the hunt for rental properties should lock in a lease before Canada reopens its borders.

Though the federal government hasn’t said how soon borders could reopen, real estate agents predict there will be a rise in rental prices fewer properties to choose from when immigrants students return to Canada look for places to live.

Read more:
Millennials vs. baby boomers: Why the cost of living has skyrocketed for young Canadians

“My advice to any renters that I know is get in now,” said Terry Parkinson, an agent with Royal LePage Signature Realty in Toronto

“Get a rental now before the border is open because you’re going to have tons of competition.”

Parkinson’s other agents’ advice comes as many of Canada’s most popular rental markets are edging toward pre-pandemic conditions as more businesses are allowed to reopen.

Story continues below advertisement

At the height of the health crisis, rental prices plummeted as young Canadians moved back in with their families, took advantage of lower interest rates by purchasing a home or sought a place to stay that was further from a big city because their employer allowed them to work remotely.

But as many businesses welcome back customers companies begin planning for a return to offices, prices are starting to creep back up.

While rents in many regions are still down significantly from last year’s rates, Rentals.ca data released in June shows prices are heading upward again.


Click to play video: 'Toronto rental prices drop again amid coronavirus pandemic'







Toronto rental prices drop again amid coronavirus pandemic


Toronto rental prices drop again amid coronavirus pandemic – Oct 28, 2020

The average monthlyprice of a one-bedroom rental increased by 2.4 per cent in Vancouver to $1,981, almost one per cent in Toronto to $1,833, 2.5 per cent in Hamilton to $1,440 4.2 per cent in St. John’s, Newfoundlto $894.

Story continues below advertisement

It won’t just be increasing prices Canadians are dealing with once people can enter the country again, realtors said.

Competition will be back too because people will be moving to the country or back to city centres as the school year begins, they said.

“And there already isn’t enough product on the market. There’s a real shortage as far as affordability is concerned,” said Bonnie Meisels, an agent with Keller Williams Urbain in Montreal.

“The way things are going, things are only going to continue to increase.”

Meisels is particularly worried about the struggles students will have when navigating the market has been telling those she knows with semesters starting later in the fall to begin their searches now.

“Often, they’re not working they have limited budgets, so it’s not easy for them to find good accommodation,” she said.

Many also won’t be able to snag a spot in school residences this year. Dalhousie University in Nova Scotia, for example, said on its website that it notified students in June that it would be reducing its residence spaces to 1,800 from 2,300 this year to quell the spread of COVID-19.

The market has always seen students looking for places to stay while they complete school, but new policies from these universities have created an even greater demfor rentals, said Ben Young, the senior vice-president of development at Southwest Properties in Halifax.

Story continues below advertisement

On top of that demand, the region is also seeing more interest from people who flocked to the East Coast, when they could work from anywhere during the pandemic.

Read more:
Rising interest rates will be ‘No. 1 issue’ for Canada’s housing market, economists say

“It’s tight. Vacancy rates have been historically low in Halifax over the past few years, pre-COVID,” Young said.

“The city itself has probably been the best kept secret, but it’s no longer a best kept secret.”

Young doesn’t foresee inventory surging in the near future, so he advises prospective renters to plan ahead, do their research know that it could take time to find a place.

“Don’t think you’re going to come down then in two or three weeks, you’re going to be able to find something. I think you’re putting yourself in a tough position if you do that,” he said.

“You will likely find something, but give yourself enough time.”




© 2021 The Canadian Press

[ad_2]

Source link

Bond rally spreads to shorter-term treasurys

[ad_1]

U.S. government bonds extended their recent rally Thursday, pushing the 10-year yield below 1.3% while further declines in shorter-term yields suggested traders were scaling back bets on Federal Reserve interest-rate increases.

The yield on the benchmark 10-year U.S. Treasury note settled at 1.287%, according to Tradeweb, compared with 1.321% Wednesday 1.479% one week ago.

Yields, which fall when bond prices rise, have trended lower for months but have accelerated their declines in recent days, creating their own momentum as more investors unwind bets on higher yields.

While many investors still expect strong economic growth inflation over the coming months, recent developments have caused some to question their most optimistic forecasts. The result has been a domino effect, according to investors analysts, with the rally steadily sweeping up more more holdouts who might still think yields should go higher but who have nonetheless bought Treasurys in recent weeks to avoid underperforming peers their benchmark indexes.

Investors have pointed to several factors that have tempered their enthusiasm. Those include reduced expectations for fiscal monetary stimulus, a run of economic data that has fallen below forecasts, the spread of the Delta variant of Covid-19 that one study suggested might cause more infections even among vaccinated populations.

Such has been the intensity of this week’s bond rally that even short-term Treasury yields have fallen sharply. While longer-term yields have been sliding for months, yields on shorter-term Treasurys have often moved in the opposite direction—a sign that investors thought the Fed might raise rates sooner the economy could handle it.

The yield on the benchmark two-year Treasury climbed from 0.165% on June 15 to 0.270% on June 25 after Fed officials signaled in their last policy meeting that they expected to lift their benchmark rate earlier than they had previously anticipated. However, the two-year yield closed Thursday at 0.192%, having dropped from 0.255% just a week ago.

In some ways, that decline represents a natural follow-through from the rally in longer-term bonds, some investors said.

If longer-term yields “are coming down, in theory that means a slower growth trajectory… which means front end rates shouldn’t be as high to reflect Fed hikes,” said Jim Caron, senior portfolio manager chief strategist of global fixed income at Morgan Stanley Investment Management.

Mr. Caron, though, is still among those who think yields are now lower than is justified by the economic outlook.

“If I just kind of put it together say: we’re still going to have inflation above 2% next year we’re going to have growth around 4%, should Treasury yields be at 1.2%? Probably not,” he said.

(This story has been published from a wire agency feed without modifications to the text)

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.

Never miss a story! Stay connected informed with Mint.
Download
our App Now!!

[ad_2]

Source link

Ways to beat impulse buying during online shopping festivals

[ad_1]

NEW DELHI:As states ease lockdown restrictions with a fall in covid cases of the second wave, some e-commerce platforms have begun planing shopping events. Amazon.in, for example, will be holding its Prime Day on 26-27 July, where it will offer discounts across different product categories, including smartphones, electronics, appliances, fashion, daily essentials.

Online shopping festivals could help you save on products that you wanted to buy. However, they can also lead to impulsive spending due to attractive discounts offers. Here are a few ways you can avoid impulsive purchases stick to what is needed.

GIVE THE 30-DAY RULE A TRY

If you see something you want, wait 30 days before buying it. After 30 days, if you still wish to buy the item, move ahead with the purchase. If you forget about it or realise that you don’t need it, you will end up saving that expense. Money not spent is money saved.

If you buy things on impulse, the 30-Day Rule can help you learn delayed gratification help make savvy decisions with your expenses.

PLAN YOUR PURCHASE

Make a list of items that you want to purchase stick to it. Don’t buy things that are not on the list. If you do this, you can eliminate a lot of impulsive buys. Going through this process ensures that your purchases are more deliberate.

HAVE A BUDGET

If none of these works for you, try fixing a budget. You can have a monthly budget for unplanned purchases or have one for upcoming online shopping festivals like Amazon Prime Day.

In some parts of the world, it has been observed that individuals tend to spend more once the lockdown restrictions are eased. The lifting of restrictions makes people toss caution to the wind celebrate by splurging, also known as revenge buying. Deciding on a budget sticking to it will let you spend but within your means.

(Do you have personal finance queries? Send them to [email protected] get them answered by industry experts)

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.

Never miss a story! Stay connected informed with Mint.
Download
our App Now!!

[ad_2]

Source link

1 139 140 141 142 143 231