Good to Know: ICICIdirect, Croma, Honda Cars India, WhiteHat Jr, Bank of Maharashtra

ICICIdirect, an online platform for investments, protection and loan products, today announced the launch of a revolutionary new offering, e-ATM for Mutual Funds, wherein customers will get instant payout on their MF redemption orders, against 2-4 working days in the normal cycle. With e-ATM for MFs, ICICIdirect customers get payout within 30 min of redemption. Clients would get redemption of 50-70% of their MF redemption value within 30 minutes, and balance amount as per the payout cycle of the fund, which can be 2-4 working days. Maximum redemption is capped at INR 10 lakh per customer right now. If client redeems amount after 7:30 pm s/he will get the redemption at 10 am the next working day. e-ATM for MFs can be availed by resident individuals holding their equity, debt, and liquid schemes in demat units. It is also available for domestic schemes with international exposure. The facility comes at a nominal cost.
With work from home trends continuing in 2021, this festive season Croma expects an increase in demand for ‘smart’ devices among consumers. There is a pent up demand in gadgets and home appliances as consumers are looking to add greater convenience and productivity to their homes. Croma aims to provide consumers with a safe and comfortable shopping environment. To avoid the traditional rush on the festive days, it is all set to kick-start its Diwali sale in advance, from October 29th this year. The Croma Diwali sale is offering a 100% cashback to 500 lucky customers at its retail stores, upto INR 15,000. As an additional benefit, Croma is also offering an additional 10% instant cashback on debit and credit cards with select banking partners. Croma is further offering an additional 5% instant cashback on TVs, home appliances & audio products on www.croma.com
Honda Cars India Ltd. (HCIL), leading manufacturer of premium cars in India, will now be offering in its cars an innovative Antivirus Cabin Air-filter which is highly effective in capturing a wide range of harmful germs, allergens and even viruses that cause significant health problems. The Honda Antivirus Cabin Air-filter was developed in cooperation with Freudenberg, a global technology group that strengthens customers and society through forward-looking innovations, and is offered as a new Honda Genuine accessory, an alternative to the standard Honda pollen filter. This new cabin air-filter provides active protection by significantly reducing the concentration of viral aerosols. This is achieved by unique multi-layer design that effectively filters, captures and suppresses harmful environmental gases as well as inorganic and biological particles and aerosols. In terms of mitigating risk while traveling in motor vehicles, the Honda Antivirus Cabin Air-filter offers one of the best protections available.
Live one-on-one online learning platform WhiteHat Jr has announced its entry into the 18+ segment with the launch of a specially curated course to offer immersive learning opportunities for music aspirants across all age groups. The launch follows WhiteHat Jr’s successful foray into music, offering Guitar and Piano, leveraging a custom-built platform for online learning to inspire children to learn to play and compose. Aimed at Music as an avenue for adding immense joy to people across ages, the music course was catalysed by overwhelming interest received for WhiteHat Jr music course from learners above and beyond the young learner segment. WhiteHat Jr’s ‘Perform With Music’ will help satiate the core desire of the grown-up segment to express themselves through music, and connect with fellow music lovers. On one level, the specially-designed curriculum will help learners practice contemporary music while on another, it will offer opportunities such as virtual ‘Jam Rooms’ for music aspirants to practice and jam together. True to its name, ‘Perform With Music’ also has curated events called ‘Socials’ where learners can give live performances and engage with fellow music enthusiasts.
In an endeavor to provide a fillip to the festive buying spirit, Honda Cars India Ltd. (HCIL), leading manufacturer of premium cars in India, has partnered with Bank of Maharashtra to introduce attractive and affordable finance schemes for its customers. The partnership will help Honda customers avail exciting car finance schemes with low Rate of Interest and Hassle free quick sanction of loans on purchase of new Honda Amaze, Honda Jazz, Honda WR-V and Honda City. With this tie-up, customers from diverse income groups like Salaried employees, Self Employed, Professional, Businessmen or Agriculturists will benefit from the Bank of Maharashtra’s signature product “Maha Super Car Loan”. The major benefits include finance upto 90% of the cost of the vehicle, Low rate of Interest (ROI) starting from 7.05% (linked to RLLR), hassle free sanction with turn-around-time of 48 Hours, Concession on ROI for Corporate Salary Account Holder and Existing Housing Loan borrower, NIL Processing Fee (till 31st December, 2021), no pre/ part payment charges etc. Car loans upto 80% of the cost of the vehicle will also be available for companies registered as corporate clients.