Auto debit bounce rates plunge to 3-year low in May

Auto debit bounce rates plunge to 3-year low in May | Economic Times

Auto debit bounce rates plunge to 3-year low in May https://ift.tt/bmgWGa0 statistics from the National Automated Clearing House (NACH) from the National Payments Corp of India (NPCI) show that failure rates on recurring payments for monthly loan instalments or frequent transactions like insurance payments fell to 22% by value and 29% by volume in May 2022, lower than the levels seen before the Covid pandemic.

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What happens if husband dies without a will | Economic Times

Given the uncertainty of life in the face of Covid-19, it is advisable to write a will if you have assets and want to pass them on to your family members smoothly. However, the urgency and importance of a will and nomination are not fully realised because no one believes it will happen to them.Especially vulnerable are dependants like children and homemaker spouses, who have stayed away from the entire process of financial transactions and wealth management. Women are typically unaware of their legal rights regarding property, let alone know how to access it. What should they do if their husbands die suddenly without a will? How is his property distributed and does it differ for women of different religions?1. Assets distributed as per law based on religionIf the husband dies intestate, i.e., without a will, the assets are distributed as per the law based on his religion. For Hindus, Jains, Buddhists and Sikhs, the distribution is governed by the Hindu Succession Act, 1956, and the Hin...

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