Terms to be changed from July 1: Many rules change on the first day of the month. Many of these key rules have a direct impact on your pocket. State Bank of India will change many rules relating to ATM checks. Just one week before July, tell us what rules are changing on the 1st of next month that will have a direct impact on you.
The bank’s IFSC will be changed from July 1
Syndicate Bank’s IFSC 2021 will be inactive from July 1. Syndicate Bank has informed customers that their branch IFSC will change after June 30. Explain that Syndicate Bank merged with Canara Bank. Canara Bank said that all IFSC codes starting from SYNB will not work from July 1.
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LPG cylinder prices
Oil companies set the price of gas cylinders on the first of each month. In this case, it remains to be seen whether or not the price of LPG gas cylinders will increase this time.
TDS has to be paid twice as of July 1
The Income Tax Department is very strict on those who do not file income tax returns. If you have not yet filed an income tax return, go quickly, otherwise the TDS will be deducted twice from July 1. For this reason, the Income Tax Department has extended the due date for filing income tax returns from July 31 to September 30.
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SBI rules are also changing
From July 1, 2021, State Bank of India (SBI) customers will have to change many rules. After the implementation of the new rule, ATM cash withdrawal and check book usage will be heavy in your pocket. The new charges apply to the Basic Savings Account Deposit (BSBD) account holders.
1- SBI BSBD account holders receive 10 checks each year. Now a check book containing 10 checks has to be paid. The bank charges Rs 40 and GST for 10 check cards.
The bank charges Rs 75 and GST for 25 check cards.
3- In the Emergency Check Book, 10 cards are charged Rs 50 and GST. Senior citizens will be exempted from the new service charge in check books.
4- SBI offers BSBD account holders four free cash withdrawal transactions. Once the free threshold is over, the bank charges the customer. The bank has to withdraw Rs 15 from the branch or ATM. Plus GST charges.