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5 Things to Consider when Buying A Resale Flat


5 Things to Consider when Buying A Resale Flat
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5 Things to Consider when Buying A Resale Flat
So, you’re thinking of getting a BTO flat, but you’re worried about the construction delays caused by the COVID-19 pandemic. Or perhaps you were unsuccessful with your BTO application.
Whatever the reason, you may be thinking of entering into the HDB resale market. After all, if you have an immediate housing need or want to live in a mature estate that already has convenient access to amenities, then getting a resale flat is a no-brainer choice.
But while resale flats have their benefits, remember that there are other key considerations that you need to take note of, such as the financing aspect and the flat’s lease. So before you decide to get a resale flat, here are some of the things you need to know. ....

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Banks under Directions: Govt, RBI working on allowing depositors withdraw up to ₹5 lakh


February 18, 2021
Deposit insurance may remain unused×
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At present, when a bank is placed under Directions, deposit withdrawals are capped and it ranges from ₹1,000 to ₹1 lakh of the total balance held by a depositor.
Depositors of Urban Co-operative Banks (UCBs), under Directions, may not have to sweat it out to get back their savings up to the ₹5 lakh insured amount, going by the amendments being considered to the Deposit Insurance and Credit Guarantee Act (DICGC), 1961.
The Government and the Reserve Bank of India (RBI) are believed to be examining the feasibility of allowing depositors of banks, especially UCBs, under regulatory Directions to withdraw up to the ₹5 lakh insured amount to alleviate their misery. ....

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MediSave limits in 2021: When can you use MediSave to pay?


1. MediSave limits for hospitalisation & surgery
Sorry, but you cannot use your MediSave to pay for that GP visit you made in order to get an MC. If you get hospitalised or have to undergo day surgery, however, you will be able to use MediSave to pay.
Two types of MediSave limits apply: (a) daily hospital limits (which only apply to hospital charges excluding surgery) and (b) surgical limits (only apply to surgery). So if you get hospitalised and undergo surgery, you can claim up to two different limits.
(a) MediSave limits for hospital charges
Type of hospital stay
Inpatient episodes ....

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