New Regulations 1st August 2021: Many regulations for finance, banking, the post office and other sectors are changing today. With the implementation of the new rules, you now get a salary for the holidays. At the same time, the ATM has to pay more. Tell us what are the rules that are changing today and how they affect your life.
Now the holiday comes with salaries
When a salaried person is asked when the salary comes, his direct answer is that the salary is credited to the bank’s working day. But due to the change of rules from now on, the salary now comes into account even on holiday. This is because the Reserve Bank of India has announced that the National Automated Clearing House (NACH) will be available to all from August 1. Due to the new rules of reserve, salaries and pensions will also be available on holiday. At the same time, EMI, mutual fund installment, gas, telephone, electricity bill, water bill can be paid at any time.
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ICICI Bank Fee
ICICI Bank has changed the terms of cash transaction, ATM interchange and check book fees for savings account holders. These new rules will come into effect from today. According to data provided on the bank’s website, customers in six metro cities can make only 3 transactions in a month. Subsequent transactions are charged. At the same time, five transactions were exempted from other locations. For transactions exceeding the limit, the bank will pay Rs. There is a charge for every financial transaction. At the same time, non-financial transactions amounted to Rs. 8.50 charged. Let’s say ICICI Bank allowed a total of 4 free cash transactions per month. At the same time, after withdrawing the money 4 times, you have to pay the fee.
In addition, there is no charge for withdrawing cash up to Rs 1 lakh per month from the Home Branch. But for cash transactions of more than Rs 1 lakh, Rs. Have to pay.
Payments for these banking facilities are due from August 1
In July, the Indian Post Payment Bank (IPPB) said it would now impose a door step banking facility. According to the IPPB, now every time a door step banking facility has to pay Rs.20 and GST. So far this service has been completely free. That is, for post office related projects like the Sukanya Samriddhi scheme now, if you take home services, then you have to charge 20 rupees.
Removing money from an ATM is going to be expensive
In June itself, the Reserve Bank of India (RBI) in its notification stated that from August 1, the exchange fee for ATMs has been increased from Rs.15 to Rs.17. The Reserve Bank of India has increased the exchange fee after 9 years. This increase has been made in view of spending on ATMs and future expansion plans. The fee on non-financial transactions has been increased from Rs 5 to Rs 6.
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