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Hello, welcome to Money Time, and I'm Simranjeet Singh. In this, we're going to discuss some of the day's biggest business and personal finance news and explain their impact. Let's begin today's bulletin with news related to ATM withdrawals, which could have a direct impact on your wallet. The Reserve Bank of India has increased the interchange fee on ATM withdrawals, and from May 1, withdrawing cash from ATMs across the country will become more expensive.
This charge will be levied after the free limit is reached. ATM interchange fees are fees paid by one bank to another for providing ATM services to customers. Banks often pass this fee on to their customers, a claim claimed in several reports. According to the report, white-label ATM operators requested an increase in ATM cash withdrawal fees, citing rising operational costs.
Following this, the RBI has decided to increase the fees. Now, let's find out how much more customers will have to pay for cash withdrawals after exceeding their cash withdrawal limit. For financial transactions, i.e. cash withdrawals, you will have to pay ₹1 per transaction for amounts above ₹1. This rule is going to be implemented across the country from May 1.
Next news: Unclaimed: The government and RBI have jointly taken a new step to ensure that the actual unclaimed amount reaches its rightful heir. If your elder or any other family member has left money in the bank in your name, but you are facing difficulty in withdrawing that money due to not having your complete details as a nominee, then now things have become easier for you.
On the decision of the government and RBI, private and public banks are jointly bringing an easy method through which unclaimed amount of Rs 8213 crore will be cleared. This easy mechanism will be fully operational from FY 26. Other necessary details like Aadhaar will have to be filled in for unclaimed amount.
After this, the bank will verify your details and if your details are found correct, you will get the money. Unclaimed amount can be found on the bank's website, in which the name and address of the account holder will also be given. You can unclaim it through this. Let's now talk about the stock market.
So far in March, the stock market has seen trading largely in a positive direction. On Tuesday, March 25th, the benchmark indices of the Indian stock market, Sensex and Nifty, closed in the green for the seventh consecutive day. Due to the buying done so far in March, the market cap of listed companies has increased by nearly Rs 30 lakh crore.
Even though both benchmark indices closed in the green on Tuesday, their trades remained flat. Sensex closed at 7817 points, up 32.8 points, with Nifty rising by 0.04 points, closing at 2366 points, up 10.30 points. The stock market has been trading positive for the seventh consecutive day. The next news is related to the EV sector.
Amidst the increasing options for EVs in the country, its demand has also increased. While the demand for EVs is increasing, its insurance has also seen a boom. The number of people getting their vehicles insured to compensate for losses due to battery theft and fire is increasing rapidly. According to a recent policy market report, the demand for EV insurance policies has increased 16-fold in the last three years.
According to this report, the share of insurance policies for EV cars has increased from just 1% in 2023 to 3.5% in 2024 and is now expected to reach 14% by March 2025. While last year there were 10,000 EV two-wheeler insurance policies pending, this year the number has reached 20,000. 55% insurance policies have been purchased in the top five cities, with Delhi NCR leading the way with 18.3%.
Bengaluru is next with 16%. Pune is at third place with 7.6%, Chennai is at fourth place with 6.7%, and Mumbai Thane is at fifth place with 6.4%. Next news: A major portion of the year's net profit of $55 million dollars is from the tariff of samsungfunclubs.com 20% To avoid this, a warning was issued in 2023 for incorrectly categorizing imports.
Samsung is a company. In the past few months, FPIs had withdrawn a large amount of money, which had put the market under pressure. Now, in March 2025, their sentiment has changed and in the last five days, FPIs have made net purchases worth ₹1,336 crore. There are several important factors behind this change, which is breathing new life into the Indian stock market.
Now moving on to the next news, Tata Capital, the financial services company of the Tata Group, has raised ₹00 crore through a rights issue. The company has given this information in its regulatory filing. Tata Sons, which holds a 93% stake in the company, has fully subscribed to its share. Apart from this, other smaller shareholders including International Finance Corporation have also participated in this rights issue.
Tata Capital has completed this fundraising process ahead of its upcoming listing. The company is planning to launch its ₹000 crore IPO by September this year. To manage this large IPO, the company has Ten banks have also been appointed. The company has said that the proceeds from the rights issue will be used for further lending and to improve its leverage ratio.
Before we leave, let's discuss two stocks in investor Vijay Kedia's portfolio that are currently available at a discount of 45 to 50 percent. The first is Atul Auto Limited, which has been part of Vijay Kedia's portfolio since 2015. In March 2020, the stock was at ₹50, which has now risen by ₹212 to reach ₹460.
The stock's 52-week high was ₹844, and it is currently available at a discount of ₹45. The next stock is Repo India Limited, which has also been in Vijay Kedia's portfolio for the past 10 years. In March 2020, the stock was at ₹20, which is now close to ₹1 with a gain of ₹25. The stock's 52-week high is ₹ 883, and it is currently trading at a discount of more than ₹50.
But if you are getting it then these were some of today's business and personal finance related news in Money Time. That's all for today. We hope you liked today's Money Time. To stay updated with more such news, keep watching Money Nai and subscribe to our channel [Sangeet]
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