Many things have changed from today, including banks, insurance, e-commerce, will have a direct impact on your pocket
Many major changes are going to take place from 1st August Financial Changes. Many things will become cheaper in this, many more expensive. One of these changes is the implementation of Unlock 3 guidelines in the country. Talking about financial changes, from August 1, bank loan, PM Kisan scheme, charge on minimum balance is included.
Many major changes are going to take place from 1st August Financial Changes. Many things will become cheaper in this, many more expensive. One of these changes is the implementation of Unlock 3 guidelines in the country. Talking about financial changes, from August 1, bank loan, PM Kisan scheme, charge on minimum balance is included. Let us tell you what is going to change in the country from August 1. In such a situation, if you do not pay attention to them, then you may be at a loss.
1. Changes in minimum balance and transaction rules: Many banks have announced levy of charge on minimum balance from 1 August to increase their cash balance and digital transactions. Also, after three free transactions in these banks a fee will also be charged. The charges will be effective from August 1 at Bank of Maharashtra, Axis Bank, Kotak Mahindra Bank and RBL Bank. Savings account holders in Bank of Maharashtra have to keep a minimum amount of Rs 2,000 in their account in metro and urban areas, which was Rs 1,500 earlier. If the balance is less than Rs 2,000, the bank will charge Rs 75 in metro and urban areas, Rs 50 in semi-urban areas and Rs 20 per month in rural areas.
2. Buying a car and bike will be cheaper: Changing motor vehicle insurance may make buying a new car or bike a little cheaper from next month. This will benefit millions of people in the Corona period. Irda said that buying a new vehicle proves to be expensive for the people due to the long term package policy. If you also want to buy a new car or motorcycle, then after August 1, you will have to spend less money on auto insurance. The Insurance Regulatory Development Authority of India (IRDAI) is going to change the rules related to Motor Third Party and Own Damage Insurances Insurance. According to the instructions of IRDAI, since then, new car buyers will not be forced to take insurance of the car for 3 and 5 years.
3. E-commerce companies have to give information about the country of origin of the product: From August 1, it will be necessary to tell from the e-commerce companies where the product they are supplying is made. . But many companies have already started giving this information. These include several companies including Mintra, Flipkart and Snapdeal. The Department for Promotion of Industry and Internal Trade (DPIIT) said on Wednesday that all e-commerce companies will have to update the country of origin of all their new product listings by 1 August. This initiative has been taken to promote local products.
4. LPG prices will change: On the first date of every month, the price of cooking gas changes. There has been a steady rise in the price for the last two months. In August, the price of LPG will increase or decrease, it will be known only on the 1st.
5. PM-Kisan amount will come to the account of 10 crore farmers: Modi government has put the fifth installment in the farmers’ account under the PM Kisan Samman Nidhi, also known as PM Kisan Yojana, for the poor and weak and small holding farmers. is. Now on August 1, under this scheme, the Modi government is going to send the sixth installment of 2000 rupees to the bank account of the farmers. Let us know that the fifth installment of PM Kisan Scheme was released on April 1, 2020. The government has provided cash benefits to 9.85 crore farmers of the country since the inception of the scheme.
6. RBL Bank Changes Savings Account Rules: RBI has recently changed the interest rates on savings account. The new rates will be applicable from 1 August. Now, you will get 4.75 percent interest annually on savings account deposits up to Rs 1 lakh. At the same time, 6 percent will be given on deposits up to Rs 1-10 lakh and 6.75 percent interest will be given on deposits ranging from Rs 10 lakh to Rs 5 crore. If a debit card is lost or damaged, a charge of Rs 200 will have to be paid. At the same time, now you have to pay Rs 250 annually for the Titanium Debit Card. At the same time, customers can now withdraw cash from the ATM 5 times a month for free.
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