Be aware of the new rules, effective June 1, and where there are major changes

Conditions for Cong from June 1: Many rules change as soon as the new month begins. In such a situation, when we become aware of them, by that time our loss has occurred. Tell us such rules that will change from next month to June 1st and they will have a direct impact on you.

Bank of Baroda Payment Process

Bank of Baroda will make big changes in check payment rules from June 1. The bank has been implementing ‘Positive Payment Determination’ from the first date of next month. However, for the benefit of consumers, the bank said that the ‘Positive Payment Maritalization’ rule applies only to payments of more than 50 thousand According to information provided on the bank’s website, the check issuer must now provide beneficiary information in advance. The bank believes it will take less time. On the other hand, check fraud can also be avoided.

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IFSC code modification

Syndicate Bank’s IFSC code will change from July 1, 2021, Canara Bank told its customers. All customers of Syndicate Bank are asked to obtain updated IFC code from their branch. “After the merger of Syndicate Bank, the IFC code of all branches has been changed,” said Canara Bank. The bank has asked customers to update the new IFC code, otherwise the benefits of facilities such as NEFT / RTGS / IMPS will not be available from July 1.

Gold Hallmarking Rules

Due to the epidemic, the central government has extended the mandatory hallmarking deadline for gold jewelery and artifacts to 15 June. The decision was taken at a meeting chaired by Consumer Affairs Minister Piyush Goyal. It was anticipated that it would be implemented from 1 June 2021. Explain that the Trade Union Confederation of All India Traders and Traders associated with the Jewelery Industry have requested the Government to extend the date of June 1, 2021 for the introduction of Hallmarking. Given the current situation, the government has accepted their demand.

ITR’s new website

There will also be a big change in income tax return next month. The existing website will not work from June 1 to 6. The Government will launch the website on June 7. The new website is improved and user friendly compared to the previous one.

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LPG Cylinder Price

In the new month, the price of LPG can also change drastically. Oil companies publish LPG cylinders every month. At present, the price of 14.2 kg gas cylinder in Delhi is Rs 809.

Changes in interest rates for a small savings plan

In March, interest rates on government schemes such as PPF, NSC, Sukanya Samriddhi scheme were changed. But the government later withdrew it. The government’s decision then appeared to be tied to the election. It can also be changed on June 1st. However, the new rates will apply until June 30th.

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