Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul><li>Axis Bank has launched an ultra-premium credit card for UHNIs.</li><li>The <keyword id="23066078" type="General" weightage="20" keywordseo="Axis-Bank-Primus-credit-card" source="keywords">Axis Bank Primus credit card</keyword> is among the most expensive credit cards in India.</li><li>Here’s everything you need to know about the ultra-premium credit card from Axis Bank.</li></ul>Credit cards have become a major part of India’s financial landscape in recent years. What was once seen as a luxury for the wealthy has now become more common with banks offering various benefits including <keyword id="19957380" type="General" weightage="20" keywordseo="lounge-access" source="keywords">lounge access</keyword> at airports, free tickets and more. Cards range from free cards for normal users to cards with thousands or lakhs in fees, aimed at high net worth (HNI) individuals. Axis Bank recently introduced Primus, the company’s ultra-premium credit card that is aimed at ultra-high net-worth individuals. <h2><keyword id="23066081" type="General" weightage="100" keywordseo="Axis-Bank-Primus" source="Orion">Axis Bank Primus</keyword> credit card <keyword id="23066080" type="General" weightage="20" keywordseo="annual-fee" source="keywords">annual fee</keyword></h2>The Axis Bank Primus credit card has a joining fee of ₹5 lakh, which increases up to ₹5.9 lakh when we include GST. In addition to this, the card has an annual fee of ₹3 lakh, which goes up to ₹3.54 lakh after including GST. This makes it the <keyword id="23066079" type="General" weightage="20" keywordseo="most-expensive-credit-card" source="keywords">most expensive credit card</keyword> in India, beating the Amex Centurion, which has a joining fee of ₹8.26 lakh and an annual fee of ₹2.95 lakh. <h2>Axis Bank Primus credit card benefits</h2><h3>Joining benefit</h3>As part of a joining bonus, users get the option to choose from either an ₹40,000 voucher from ITC or 25,000 Axis Edge Miles. <h3>Renewal benefit</h3>Users who pay the renewal fee get either an ₹20,000 voucher from ITC or 15,000 Axis Edge Miles. <h3>Lounge benefits</h3> Unlimited domestic and international lounge access for the primary card and add-on card holders. <h3>Travel benefits</h3> <ul><li>The card offers the following travel benefits: </li><li>Zero forex markup </li><li>Unlimited complimentary domestic airport meet and greets </li><li>Complimentary companion airfare </li><li>Up to 15% savings on international First and Business class fares </li><li>Complimentary upgrades at selected hotels across the world </li><li>Exclusive access to top restaurants across the world </li><li>Access to exclusive events and bespoke travel itineraries </li></ul><h3>Golf</h3> <ul><li>Four complimentary green fees at participating clubs for the primary cardholder at international courses. </li><li>Unlimited golf access via complimentary green fee and buggy in India. </li></ul><h3>Partners for miles transfer</h3>Air Asia, Air Canada, Air France – KLM, Air India, Air Vistara, Accor, Ethiopian Airlines, Etihad Airways, IHG Hotels &amp; Resorts, ITC, Japan Airlines, Marriott International Qantas Airways, Qatar Airways, Singapore Airlines, SpiceJet, Thai Airways, Turkish Airlines, United Airlines and Wyndham Hotels &amp; Resorts. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/fada-urges-banks-to-tighten-funding-to-dealers-as-rains-play-spoilsport-in-august/articleshow/113111945.cms">FADA urges banks to tighten funding to dealers as rains play spoilsport in August</a> <a href="https://www.businessinsider.in/tech/mobile/news/india-beats-the-us-to-emerge-as-the-second-biggest-market-for-5g-smartphones/articleshow/113095322.cms">India beats the US to emerge as the second-biggest market for 5G smartphones</a> <a href="https://www.businessinsider.in/tech/mobile/news/apple-iphone-16-to-launch-on-september-9-design-specs-and-everything-we-know-so-far/articleshow/113091114.cms">Apple iPhone 16 to launch on September 9 – design, specs and everything we know so far</a>

Here are the benefits you get with India’s most expensive credit card with a ₹3.54 lakh annual fee

New Delhi: Nine of the top-10 most valued firms together added Rs 2,01,552.69 crore in market valuation last week, with <keyword id="19951944" type="General" weightage="100" keywordseo="Bharti-Airtel" source="keywords" meta.keywordsubtype="org" meta.entityname="Bharti Airtel" meta.hostid="153" meta.entityid="Bharti Airtel">Bharti Airtel</keyword> stealing the show, amid bullish investors' sentiment in equities. Last week, the BSE benchmark jumped 1,707.01 points or 2.10 per cent. The 30-share BSE Sensex hit its lifetime high of 83,116.19 on Thursday. Bharti Airtel's valuation jumped Rs 54,282.62 crore to Rs 9,30,490.20 crore, becoming the biggest gainer among the top-10 firms. The market capitalisation (mcap) of <keyword id="19900482" type="General" weightage="20" keywordseo="ICICI-Bank" source="keywords" meta.keywordsubtype="org" meta.entityname="ICICI Bank" meta.hostid="153" meta.entityid="ICICI Bank">ICICI Bank</keyword> surged Rs 29,662.44 crore to Rs 8,80,867.09 crore. <keyword id="19950119" type="General" weightage="20" keywordseo="Tata-Consultancy-Services" source="keywords" meta.keywordsubtype="org" meta.entityname="Tata Consultancy Services" meta.hostid="153" meta.entityid="Tata Consultancy Services">Tata Consultancy Services</keyword> (TCS) added Rs 23,427.12 crore taking its valuation to Rs 16,36,189.63 crore. The mcap of Hindustan Unilever soared Rs 22,438.6 crore to Rs 6,89,358.33 crore and that of <keyword id="19895995" type="General" weightage="20" keywordseo="HDFC-Bank" source="keywords" meta.keywordsubtype="org" meta.entityname="HDFC Bank" meta.hostid="153" meta.entityid="HDFC Bank">HDFC Bank</keyword> zoomed Rs 22,093.99 crore to Rs 12,70,035.77 crore. The market valuation of Infosys climbed Rs 17,480.49 crore to Rs 8,07,299.55 crore and that of ITC rallied Rs 15,194.17 crore to Rs 6,42,531.82 crore. The valuation of <keyword id="19896380" type="General" weightage="20" keywordseo="Reliance-Industries" source="keywords" meta.keywordsubtype="org" meta.entityname="Reliance Industries" meta.hostid="153" meta.entityid="Reliance Industries">Reliance Industries</keyword> jumped Rs 9,878.19 crore to Rs 19,92,160.61 crore and that of State Bank of India went up by Rs 7,095.07 crore to Rs 7,05,535.20 crore. However, the mcap of Life Insurance Corporation of India (LIC) declined by Rs 3,004.38 crore to Rs 6,54,004.76 crore. Reliance Industries was leading the chart of the top-10 most valued firms followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, LIC and ITC.

Mcap of nine of top-10 most valued firms jump Rs 2 lakh crore, Bharti Airtel leads the surge

The <keyword id="21570567" type="General" weightage="100" keywordseo="credit-offtake" source="keywords">credit offtake</keyword> continued to grow at the rate of 13.9% year-on-year to reach Rs. 168.1 lakh crore for the fortnight ending July 12, 2024. However, the pace of growth was slow, a Care Edge report said. Credit offtake is a type of <keyword id="19946069" type="General" weightage="20" keywordseo="bank-credit" source="keywords">bank credit</keyword> that assists businesses in getting financing for future projects. The credit offtake increased by 14.0% year-on-year, but declined by 0.4% sequentially for the fortnight ended July 12, 2024. Over the last twelve months, credit offtake expanded by Rs. 20.4 lakh crore. The report attributed the sluggishness to the higher base effect and banks' focus on restraining the credit-to-deposit (CD) ratio. <keyword id="20218853" type="General" weightage="20" keywordseo="deposits" source="keywords">Deposits</keyword> grew by 11.3 % year-on-year for the fortnight, including the impact of the HDFC merger, reaching Rs. 211.8 lakh crore, driven by growth in time deposits. "The <keyword id="20575555" type="General" weightage="20" keywordseo="credit-to-deposit" source="keywords">Credit to Deposit</keyword> ratio stood at 79.4 % for the fortnight (July 12, 2024). Meanwhile, if we study the credit and deposit inflows over the past 3 months and 6 months, we can observe that credit offtake has lagged the deposit growth numbers. Hence, the <keyword id="20048508" type="General" weightage="20" keywordseo="CD-ratio" source="keywords">CD ratio</keyword> derived from these flows from January would be around 70% and from March would be approximately 54%," the report added. The report added that going forward, bank credit offtake could face challenges, and is likely to be tepid for the entire year. Inflows over the past three and six months show credit offtake at 5.3% for six months and 2.3% for three months, lagging behind deposit growths of 6.0% and 3.4% respectively. Deposits rose by 11.3% year-on-year for the fortnight, but declined by 0.5 % sequentially. In absolute terms, deposits expanded by Rs. 23.9 lakh crore over the last twelve months. The report anticipated that the deposit is expected to be strong in FY25, as banks focus on strengthening their liability franchise, sourcing funds through certificates of deposit, despite higher costs. As per the data in the report, the absolute growth in credit offtake was Rs. 8.4 lakh crore for six months, and Rs. 3.8 lakh crore for three months, lagging behind deposit growth of Rs. 11.9 lakh crore and Rs. 7.0 lakh crore for the same periods. The CD ratio has floated around 80 % since September 2023, standing at 79.4 % for the fortnight ending July 12, 2024, as per the report.

Credit offtake expanded by Rs. 20.4 lakh crore, deposits by Rs 23.9 lakh crore over the last 12 months

Mumbai: The rupee fell sharply by 15 paise against the US dollar to 83.44 in early trade on Wednesday amid muted trends in the domestic equity markets. However, a decline in the dollar index and a marginal fall in the Brent crude index prevented further losses in the domestic unit, according to experts. At the interbank foreign exchange, the local unit opened at 84.38 -- down 9 paise from its previous close -- and then slid further to 84.44, registering a decline of 15 paise from its previous close. On Tuesday, the rupee pared its intra-day losses to settle flat at 84.29 against the US dollar. "The <keyword id="24182640" type="General" weightage="20" keywordseo="Indian-banking-liquidity" source="keywords">Indian banking liquidity</keyword> fell into deficit as industry players paid Rs 1.6-1.8 lakh crore as GST payment. This was after two months that liquidity has fallen into a deficit as the RBI also intervened into forex markets to defend the rupee weighing on liquidity conditions," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said. "The rupee may be in the broad range of 84.00 to 84.50 in the near term as markets await a slew of data from the US this evening," Bhansali added. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.15 per cent to 106.84. Brent crude, the global oil benchmark, was marginally down 0.10 per cent to USD 72.74 per barrel in futures trade. In the domestic equity market, the 30-share equity benchmark Sensex was trading 46.69 points lower, or 0.06 per cent, at 79,957.57 points. <keyword id="19932515" type="General" weightage="20" keywordseo="Foreign-Institutional-Investors" source="keywords">Foreign Institutional Investors</keyword> (FIIs) were net buyers in the capital markets on Tuesday, purchasing shares worth Rs 1,157.70 crore, according to exchange data.

Rupee falls 15 paise to 83.44 against US dollar in early trade

<ul><li>A Reddit user managed to get an <keyword id="19899647" type="General" weightage="20" keywordseo="iPhone-16" source="keywords">iPhone 16</keyword> by paying less than ₹27,000.</li><li>The user redeemed points from his <keyword id="19927314" type="General" weightage="20" keywordseo="credit-card" source="keywords">credit card</keyword> to get the iPhone 16 at this price.</li><li>Here’s everything you need to know about how the user got the iPhone 16 using ₹27,000.</li></ul>Credit cards are great if you use them correctly and pay your dues on time. They not only help you get access to free credit for a short period of time, but you can also accumulate reward points and redeem them while making your purchases. If you haven’t been taking your credit card reward points seriously, here is something that might change your mind. In a post, a Reddit user, Wild_Muscle3506, revealed that he purchased the recently launched<a href="https://www.businessinsider.in/tech/mobile/news/apple-iphone-16-iphone-16-plus-price-specs/articleshow/113203568.cms"> iPhone 16</a> 256GB variant for under ₹27,000. <div type="Article" hostid="261" msid="113204340" title="iPhone 16 Pro and iPhone 16 Pro Max with bigger displays, A18 Pro chipset launched starting at ₹1,19,900" mstype="2" mssubtype="0"></div> To recall, the iPhone 16 256GB variant is currently priced at ₹89,900. If you are wondering how the user managed to get such a big discount, the answer is reward points. As per the user, he was able to get the iPhone 16 for ₹26,970 by paying the remaining balance of ₹62,930 in reward points. The user was able to accumulate the points on his <keyword id="23469811" type="General" weightage="20" keywordseo="hdfc-bank-infinia-credit-card" source="Orion">HDFC Bank Infinia credit card</keyword>. This is a <keyword id="23469815" type="General" weightage="20" keywordseo="premium-credit-card" source="keywords">premium credit card</keyword> from the bank and comes with an issuance fee of ₹10,000 and an annual fee of ₹10,000. The user mentioned in the comments that he had to spend a huge amount to accumulate enough points to be able to get the iPhone 16 without having to spend a huge amount. In response to a user asking how much the person spent to accumulate enough points to get the iPhone 16, the user said around ₹15 lakh. However, this may not be entirely accurate as Infinia offers several accelerated reward point opportunities. In response to another comment, the user accepted this. “I never calculated how much I spent as I had also used my reward points earlier to book some flights,” the user said in a comment. Like most of us, a user was in awe of how the person was able to get the iPhone 16 at such a low price. “It makes me feel how little I know about credit cards and I was so dumb assuming that credit cards are scams,” the user chimed in. If you are thinking along the same lines and would like to know more about the <keyword id="23469814" type="General" weightage="20" keywordseo="HDFC-Bank-Infinia" source="keywords">HDFC Bank Infinia</keyword> credit card, do let us know and we will come up with a detailed post. SEE ALSO: <a href="https://www.businessinsider.in/finance/news/here-are-the-benefits-you-get-with-indias-most-expensive-credit-card-with-a-3-54-lakh-annual-fee/articleshow/113123752.cms">Here are the benefits you get with India’s most expensive credit card with a ₹3.54 lakh annual fee</a> <a href="https://www.businessinsider.in/stock-market/news/hyundai-swiggy-ather-upcoming-large-ipos-in-india/slidelist/114014140.cms">Hyundai To Swiggy: Everyone wants to cash in on the IPO bonanza</a> <a href="https://www.businessinsider.in/business/auto/news/september-auto-sales-automakers-report-a-decline-mahindra-and-mahindra-overtakes-tata-motors/articleshow/113925972.cms">September Auto sales – Automakers report a decline, Mahindra and Mahindra overtakes Tata Motors</a>

You Searched For "lakh bank" and got 5 results

Here are the benefits you get with India’s most expensive credit card with a ₹3.54 lakh annual fee

Sourabh Jain

Mcap of nine of top-10 most valued firms jump Rs 2 lakh crore, Bharti Airtel leads the surge

PTI

Credit offtake expanded by Rs. 20.4 lakh crore, deposits by Rs 23.9 lakh crore over the last 12 months

ANI

Rupee falls 15 paise to 83.44 against US dollar in early trade

PTI

Here’s how a Reddit user was able to get an iPhone 16 at under ₹27,000

Sourabh Jain

Popular Keywords

Buying Guides