Author Archives: Aishhwariya Subramanian

Big Upgrade. Big Benefits. Your Favourite Wallet.

We’re excited to inform you that as our valued customer, you’ve received an upgrade on the OlaMoney Wallet. Enjoy everything that you already loved about your wallet but with greater perks and privileges.  

What does this upgrade mean for me? 

  • You can now use your OlaMoney Wallet for years to come. 
  • You can spend as much as you want.
  • You can add up to Rs 1.2 lakhs per financial year to your wallet. The monthly limit to add funds remains Rs 10,000. 

Can I transfer money from my OlaMoney Wallet to another bank account or a digital wallet? 
No, you can’t transfer money from your wallet to a bank account or a digital wallet. However, if you complete the full KYC process, then you will be able to transfer funds to a bank account. Click here to know more. 

Is this the only type of OlaMoney Wallet that’s available for me to choose from?
From February 28, 2020, there will be two variants of the OlaMoney Wallet available to all users: 

  • Minimum KYC
    All users that have completed the minimum KYC process will enjoy the latest upgrade.
  • Full KYC
    All users that have completed the full KYC process will get additional benefits. Click here to know more. 

Can I opt out of this upgrade? 
Yes, write to us at support@olamoney.com by February 28th. If you opt out of this upgrade and you also don’t complete your full KYC process, then your account will eventually expire. After that, you won’t be able to add money to your wallet and cashback offers will not be processed. You can still spend the remainder of your balance amount and all refunds will be processed.  

Congratulations! Your OlaMoney Card is ready for its first offline transaction!

First, the good news – you can start using your OlaMoney Card! Now, the better news – whether it is travelling, shopping or taking care of the bills, your payments are going to be seamless.  

And it gets even better… 

With this one card, you now have exclusive access to a world of benefits, privileges, and more. And as we continue to roll out other amazing rewards, we’ll make sure you are the first to know. So, get spending! 

Terms and conditions:

  • Get cashback of 10% up to Rs 50 on your first OlaMoney card offline transaction
  • After your first transaction with the OlaMoney Card, you will receive a unique code via email within 3-5 business days to avail of the Cult.fit offer
  • Offer is valid till 31st March 2020
  • Offer is valid only for OlaMoney Card customers
  • Offer not applicable to users who have not cleared dues beyond their due dates
  • Offer is exclusive to you and intended for your use only
  • Cashback will be credited within 5 working days to your active OlaMoney account
  • Ola Financial Services reserves the right to withdraw/modify the offers at its own discretion
  • For any queries please email us at support@olamoney.com


Congratulations! Your OlaMoney Card is ready for its first offline transaction!

First, the good news – you can start using your OlaMoney Card! Now, the better news – whether it is travelling, shopping or taking care of the bills, your payments are going to be seamless.  

And it gets even better… 

With this one card, you now have exclusive access to a world of benefits, privileges, and more. And as we continue to roll out other amazing rewards, we’ll make sure you are the first to know. So, get spending! 

Terms and conditions:

  • Get cashback of 5% up to Rs 50 on your first OlaMoney card offline transaction
  • Offer is valid till 31st March 2020
  • After your first transaction with the OlaMoney Card, you will receive a unique code via email within 3-5 business days to avail of the Cult.fit offer
  • Offer is valid only for OlaMoney card customers
  • Offer is not applicable to users who have not cleared dues beyond their due dates
  • Offer is exclusive to you and intended for your use only
  • Cashback will be credited within 5 working days to your Active OlaMoney account
  • Ola Financial Services reserves the right to withdraw/modify the offers at its own discretion
  • For any queries please email us at support@olamoney.com

Shop for things you love with OlaMoney Postpaid!

OlaMoney Postpaid is now offering seamless payments along with the convenience of paying later for your cab rides as well as purchases on over 300+ apps! You can now head over to your favourite apps and select OlaMoney Postpaid as your payment option to pay later for your spends. Not just that! Receive exclusive cashbacks upto Rs. 1000!*

Shop online and get the best offers this December!

Standard terms and conditions:

1. Offer is valid in the cities where the brand is operational
2. Offer not applicable for users who have not cleared dues beyond their due dates
3. Offer is exclusive to you and intended for your use only
4. If you haven’t activated Ola Money Postpaid, please navigate to Profile –> Payments –> Ola Money Postpaid to activate the same
5. Cashback will be credited within 3 working days to your Active Ola Money Postpaid/ Wallet Account

OlaMoney Postpaid is the gift that keeps on giving for Valentine’s Day

This Valentine’s day, make that special someone in your life feel that much more special with these exclusive offers from OlaMoney Postpaid. Get the person you love gifts from Ferns N Petals, IGP, Zoomin or Floweraura and get cashback worth up to Rs 500 by using OlaMoney Postpaid!

Cashback upto Rs. 400
Valid till 14th Feb
Cashback upto Rs. 500
Valid till 29th Feb
Cashback upto Rs. 500
Valid till 20th Feb
Cashback upto Rs. 400
Valid till 14th

Standard terms and conditions:

1. Offer is valid in the cities where the brand is operational
2. Offer is not applicable for users who have not cleared dues beyond their due dates
3. Offer is exclusive to you and intended for your use only
4. If you haven’t activated Ola Money Postpaid, please follow these steps: Profile –> Payments –> Ola Money Postpaid
5. Cashback will be credited within 3 working days to your active Ola Money Postpaid/ Wallet Account

Detailed terms and conditions

Floweraura

Get cashback from Rs. 50 to Rs. 400 using OlaMoney Postpaid

Minimum transaction value Rs. 300

Offer is applicable once per new user on OlaMoney Postpaid transaction on Floweaura during the offer period.

Offer is valid from 4th Feb 2019 to 14th Feb 2020.

 

Ferns N Petals

Get cashback from Rs. 50 to Rs. 400 using OlaMoney Postpaid

Minimum transaction value Rs. 300

Offer is applicable once per new user on OlaMoney Postpaid transaction on Ferns N Petals during the offer period.

Offer is valid from 4th Feb 2019 to 14th Feb 2020.

IGP

Get cashback from Rs. 50 to Rs. 500 using OlaMoney Postpaid

Minimum transaction value Rs. 250

Offer is applicable once per new user on OlaMoney Postpaid transaction on IGP during the offer period.

Offer is valid from 8th Feb 2019 to 20th Feb 2020.

Zoomin

Get cashback from Rs. 50 to Rs. 500 using OlaMoney Postpaid

Minimum transaction value Rs. 250

Offer is applicable once per new user on OlaMoney Postpaid transaction on Zoomin during the offer period.

Offer is valid from 1st Feb 2019 to 29th Feb 2020.

Introducing the all-new OlaMoney Card!

We know that you love using OlaMoney to pay for your rides as it’s convenient and simple. We think you deserve to enjoy that level of ease with all your payments.

That’s why we’re excited to introduce the all-new OlaMoney Card! It’s an everyday card that lets you spend anywhere anytime. You can pay online or offline and settle your bills 30 days later! It’s made for your comfort.

Use your OlaMoney card on all these brands and six million more!

Get cashback offers on brands online with OlaMoney this February

Go cashless beyond your cab rides! Pay for food, movie tickets, travel, grocery and other online orders with OlaMoney Postpaid, and enjoy great cashback rewards in return. 

Shop online and get the best offers this February!

FebOMPP

Brand Offer
Cashback up to Rs 500
Brands Offers
Flat Rs 150 cashback
Flat Rs 100 cashback
  • Flat Rs 100 cashback on buses
  • Cashback up to Rs 1500
Get 6% cashback up to Rs 1000
Cashback up to Rs 500
Get 5% cashback upto Rs 1000
Shuttl Get 10% cashback up to Rs 500
 
Brands Offers
Cashback up to Rs 300
Cashback up to Rs 300
Cashback up to Rs 300
Cashback up to Rs 300
Brands Offers
Cashback up to Rs 150
Cashback up to Rs150
Cashback up to Rs 200
Cashback up to Rs 200
Flat Rs 50 cashback
Brand Offer
Cashback up to Rs 200
Cashback up to Rs 500

Standard terms and conditions:

1. The offers are valid in the cities where the brands are operational

2. The offers are not applicable for users who have not cleared dues beyond their due dates

3. The offers are exclusive to you and intended for your use only

4. If you haven’t activated OlaMoney Postpaid, please follow these steps Profile –> Payments –> Ola Money Postpaid to activate the same

5. The cashback will be credited within 3 working days to your Active Ola Money Postpaid/ Wallet Account

Detailed terms and conditions:

BookMyShow

Get cashback from Rs 50 to Rs 500 using OlaMoney Postpaid
Minimum transaction value Rs 200
Offer is applicable once per new user on OlaMoney Postpaid transaction on BookMyShow during the offer period
Offer is valid from 1st Feb 2019 to 29th Feb 2020

1MG

Get cashback from Rs 20 to Rs 300 using OlaMoney Postpaid
Minimum transaction value Rs 250
Offer is applicable once per user on OlaMoney Postpaid transaction on 1MG during the offer period
Offer is valid from 1st Feb 2019 to 29th Feb 2020

Magicpin

Get cashback from Rs 50 to Rs 200 using OlaMoney Postpaid
Minimum transaction value Rs. 200
Offer is applicable once per new user on OlaMoney Postpaid transaction on Magicpin during the offer period
Offer is valid from 1st Feb 2019 to 29th Feb 2020

Netmeds

Get cashback from Rs 50 to Rs 300 using OlaMoney Postpaid
Minimum transaction value Rs 300
Offer is applicable once per new user on OlaMoney Postpaid transaction on Netmeds during the offer period
Offer is valid from 1st Feb 2019 to 29th Feb 2020

Medlife

Get cashback from Rs 50 to Rs 300 using OlaMoney Postpaid
Minimum transaction value Rs 300
Offer is applicable once per new user on OlaMoney Postpaid transaction on Medlife during the offer period
Offer is valid from 1st Feb 2019 to 29th Feb 2020

PharmEasy

Get cashback from Rs 50 to Rs 300 using OlaMoney Postpaid
Minimum transaction value Rs 300
Offer is applicable once per new user on OlaMoney Postpaid transaction on Pharmeasy during the offer period
Offer is valid from 1st Feb 2019 to 29th Feb 2020

Freshmenu

Get cashback from Rs 50 to Rs 150 using OlaMoney Postpaid
Minimum transaction value Rs 150
Offer is applicable once per new user on OlaMoney Postpaid transaction on Freshmenu during the offer period
Offer is valid from 1st Feb 2019 to 29th Feb 2020

MOJO Pizza

Get cashback from Rs 50 to Rs 200 using OlaMoney Postpaid
Minimum transaction value Rs 150
Offer is applicable once per new user on OlaMoney Postpaid transaction on Mojo Pizza during the offer period
Offer is valid from 1st Feb 2019 to 29th Feb 2020

Zoomin

Get cashback from Rs 50 to Rs 500 using OlaMoney Postpaid
Minimum transaction value Rs 250
Offer is applicable once per new user on OlaMoney Postpaid transaction on Zoomin during the offer period
Offer is valid from 1st Feb 2019 to 29th Feb 2020

Drivezy

Get cashback from Rs 100 to Rs 500 using OlaMoney Postpaid
Minimum transaction value Rs 400
Offer is applicable once per new user on OlaMoney Postpaid transaction on Drivezy during the offer period
Offer is valid from 1st Dec 2019 to 1st Jan 2020

Box8

Get cashback from Rs 50 to Rs 150 using OlaMoney Postpaid
Minimum transaction value Rs 150
Offer is applicable once per user on OlaMoney Postpaid transaction on Box8 during the offer period
Offer is valid from 1st Feb 2019 to 29th Feb 2020

Ixigo Flight

Get cashback from Rs 250 to Rs 1500 using OlaMoney Postpaid
Minimum transaction value Rs 2000
Offer is applicable once per user on OlaMoney Postpaid transaction on Ixigo Flight during the offer period
Offer is valid from 1st Feb 2019 to 29th Feb 2020.

 

HAPPYEASYGO INDIA PVT LTD

Get 6% cashback from Rs 1000 using OlaMoney Postpaid
Offer is applicable once per user on OlaMoney Postpaid transaction on HappyEasyGo during the offer period
Offer is valid from 1st Feb 2019 to 29th Feb 2020

Mealful Wraps

Get cashback from Rs 20 to Rs 150 using OlaMoney Postpaid
Minimum transaction value Rs 150
Offer is applicable to OlaMoney Postpaid on all transactions on Mealful Wraps during the offer period
Offer is valid from 1st Feb 2019 to 29th Feb 2020.

EaseMyTrip

Get 5% up to Rs 1000 cashback using OlaMoney Postpaid
Offer is applicable once per new user on OlaMoney Postpaid transaction on EaseMyTrip during the offer period
Offer is valid from 1st Feb 2019 to 29th Feb 2020.

Ixigo Bus

Get Rs 100 cashback using OlaMoney Postpaid
Minimum transaction value Rs 500
Offer is applicable once per new user on OlaMoney Postpaid transaction on Ixigo Bus during the offer period
Offer is valid from 1st Feb 2019 to 29th Feb 2020.

Shuttl

Get 10% cashback up to Rs 500 cashback using OlaMoney Postpaid.
Offer is applicable once per new user on OlaMoney Postpaid transaction on Shuttl during the offer period
Offer is valid from 1st Feb 2019 to 29th Feb 2020

RedBus

Get flat Rs150 cashback using OlaMoney Postpaid
Minimum transaction value Rs 500
Offer is applicable once per new user on OlaMoney Postpaid transaction on RedBus during the offer period
Offer is valid from 1st Feb 2019 to 29th Feb 2020

Abhibus

Get flat Rs100 cashback using OlaMoney Postpaid
Minimum transaction value Rs 400
Offer is applicable once per new user on OlaMoney Postpaid transaction on Abhibus during the offer period
Offer is valid from 1st Feb 2019 to 29th Feb 2020

Coolwinks

Get flat Rs 50 cashback using OlaMoney Postpaid
Minimum transaction value Rs 299
Offer is applicable once per new user on OlaMoney Postpaid transaction on Coolwinks during the offer period
Offer is valid from 1st Feb 2019 to 29th Feb 2020

McDonald's

Get cashback from Rs 20 to Rs 200 using OlaMoney Postpaid
Minimum transaction value Rs 150
Offer is applicable once per user on McDonald's (McDelivery) during the offer period
Offer is valid from 18th Feb 2019 to 29th Feb 2020

Introducing the all-new OlaMoney Card!

We know that you love using OlaMoney to pay for your rides as it’s convenient and simple. We think you deserve to enjoy that level of ease in all your payments.

That’s why we’re excited to introduce the all new OlaMoney Card! It’s an everyday card that lets you spend anywhere anytime. You can pay online or offline and settle your bills 30 days later! It’s made for your comfort.

Want your very own OlaMoney card? Just head to ‘Profile’ and click on ‘OlaMoney’. You can then request by clicking on ‘Get OlaMoney Everyday Card.’

Request an OlaMoney card NOW.

While you wait for the call, you can learn how direct plans score over regular plans!

Every mutual fund scheme has two variations to invest – a direct plan and a regular plan.

Asset Management Companies (i.e. Mutual Fund companies) allow investors to invest in mutual fund schemes directly via direct plans as opposed to via agents, brokers or distributors, as is the case with regular fund plans.

Mutual Funds charge you annual management fees for managing your money in their funds. This is known as expense ratio and is usually expressed as an annual percentage for eg 2% per annum. This comes out of your investments only.

Regular and direct plans involve investing in the same mutual fund scheme, handled by the same fund manager who invests in the same portfolio of stocks and bonds.

The only difference is that since investing in regular funds is facilitated by a broker or a distributor, the AMC pays a % of the investment as a commission to the distributor whereas no commission is paid in case of a direct plan.

In other words, the expense ratio or fees is higher in regular plans whereas the expense ratio is lower in direct plans as there is no commission. Lower fees for the same fund means that you get higher returns in direct funds vis-a-vis regular funds.

Let’s see by an example :

Suppose Mr. A invested in Canara Robeco Blue Chip Equity Fund-Direct Plan and Mr. B invested in the regular plan for the same scheme at the same time. Take a look at the returns below.

Name of Fund1 year returns(CAGR)3 year returns(CAGR)5 year returns(CAGR)Expense Ratio(CAGR)
Canara Robeco Blue Chip Equity Fund-Direct Plan13.28%15.32%12.37%1.49%
Canara Robeco Blue Chip Equity Fund-Regular Plan11.90%14.04%11.15%2.73%

As we can see, the returns are higher for direct plans in each time frame by about 1.2% which is roughly the same as the difference in their expense ratios.

So, in short:

Regular plans -> higher fees -> lower returns

Direct plans -> lower fees -> higher returns

Hope, the above helps you! Excited to get on a call with you shortly. 🙂

Source: Goalwise

Ride all the way to the fun & frolic at Kidzistaan with Ola!

This festive season just got all the more merrier with Ola! Every time you book an Ola ride, you increase your chances of riding away with FREE passes to Kidzistaan – a three-day carnival extravaganza. To be held from December 20th to December 22nd, 2019, the carnival has attractions that will entertain nearly everyone in your family. From a flea market to a gaming zone, and even live shows, Kidzistaan is the perfect place to create more precious memories with your loved ones. 

We hope you have a joyous time both with Ola and at Kidzistaan – project by Woodcraft Events and Entertainment, execution by DCJC.

To know more about the event, click here: https://kidzistaan.com/

Terms & Conditions:

  • Code valid till December 13, 2019
  • Winners will be chosen via randomiser
  • Winners will be contacted via email
  • Ola’s decision with respect to the winners would be final and binding
  • Ola reserves the right to withdraw/modify the offer at its discretion