Changes to rules from August 1: Many rules change on the first day of the month, which directly affects the general public. Many rules are about to change from August 1. Let us understand how these rules affect you and what effect these rules will have on your pocket.
Salary and pensions come on the first date
Even though it is now the 1st month of leave, you still have salary and pension debt in your account. The Reserve Bank of India has announced that the National Automated Clearing House (NATCH) will be available to all from August 1. That is, the next month, the first day the account pays, EMI, mutual fund installment, gas, telephone, electricity bill, water bill can also be paid.
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Withdrawals from ATMs are going to be expensive
The Reserve Bank of India said in its notification in June that the ATMs’ interchange fee has been increased from Rs 15 to Rs 17. The Reserve Bank of India has increased the interchange fees after 9 years. This increase has been made in view of the cost of ATM and future expansion plans. However, the non-financial transaction fee has been increased from Rs 5 to Rs 6.
Payments for these banking facilities are due from August 1
Earlier this month, 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 the service has been completely free. This means that for post office related projects like Sukanya Samriddhi scheme, if you take home services, you have to pay 20 fees.
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ICICI Bank Fee
ICICI Bank has changed the rules for cash transactions, ATM interchange and check book fees for savings account holders. These new regulations will come into effect from 1 August 2021. 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. This fee is for each financial transaction. At the same time, the non-financial transaction was Rs. 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 will have to pay the fee.
Moreover, there is no charge for withdrawal of money up to Rs. But for cash transactions of more than Rs.
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LPG Gas Price
The government releases LPG gas prices on the first day of each month. Whether or not the government will raise the price of LPG gas cylinders will be known only on August 1.
