Reverse Mortgage Loan: Aged people above 60 years of age, make use their property to mortgage to a financial institution or a bank and in return FI/Bank will pay monthly installments to the homeowner(s) and after the demise of the senior citizen the property will be taken over by the bank and sold in order to recover their investment and the excess money is given to the legal heir of the property. However, the property owner should reside in the home that is reverse mortgaged and should pay the property taxes.
VAT is levied on the price of a product or service at each stage of production, distribution, or sale to the end consumer. In the acronym 'VAT', A stand...
Which body of water does the Sunda Strait separate?
What is the primary focus of the Digital Agriculture Mission mentioned in the National Conference on Agriculture for Rabi Campaign 2024?
What was the primary reason for the ₹43. 30 lakh penalty imposed on Rajkot Nagarik Sahakari Bank Ltd. by the RBI?
Which Indian state's school teacher has been selected as one of the top 10 finalists for the Global Teacher Prize 2023?
By August 2024, how much had the total deposits in PMJDY accounts increased to?
Which of the following statements about Swami Prasad Maurya's new political party is/are correct?
1. Swami Prasad Maurya resigned from the Samajw...
In which state recently a “ Brain Health Clinic ” a first of its kind initiative under KaBHI initiative was launched?
The Prime Minister has released the 15th installment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme transferring an amount of _______ to m...
Which organization partnered with SIDBI to facilitate loans to the MSME sector?
