Rules Change: From LPG to EMI… these rules have changed from today, know how much it will affect your pocket.
Rules Change: Like every month, many financial changes have been made from August 1. Which is going to affect the pocket of the general public. UPI rules have been changed from today. The prices of commercial LPG cylinders have been reduced. Apart from this, many other rules have been changed.
Rules Change: The month of August has started from today. In such a situation, like every month, many financial rules have been changed this month as well. These changes include many important rules related to UPI, LPG gas prices, and banking. Which is going to directly affect your daily tasks and your pocket. Therefore, it is important that you know about these changes in time.
Many UPI rules have changed
Many UPI rules have been changed from August 1 today. Like now users will be able to check their balance only 50 times a day. Bank details will be visible only 25 times a day. The time for UPI autopay transactions has also been fixed. Now you will be able to check the status of payment only 3 times a day. These rules have been implemented in UPI so that there is no burden on the UPI system and payment can be done comfortably.
Insurance cover on SBI credit card discontinued
If you are an SBI card user, then now you will not get the benefit of free air accident insurance available on the bank's co-branded cards. SBI is discontinuing this facility from August 11. In such a situation, ELITE, PRIME and Platinum card users will no longer get insurance ranging from Rs 50 lakh to Rs 1 crore. SBI used to issue this insurance in collaboration with UCO Bank, Central Bank, Karur Vysya Bank, Allahabad Bank and PSB. Which is now being discontinued from August 11.
Reduction in commercial LPG cylinder prices
Like July, the prices of commercial LPG gas cylinders have come down in August as well. In July, the prices of commercial LPG cylinders had come down by Rs 60. In such a situation, in August also, the price of 19 kg commercial LPG cylinder has been reduced by Rs 33.50.
RBI will decide on interest rates
The Monetary Policy Committee (RBI MPC Meeting) of RBI is going to meet from August 4 to August 6. In which the RBI Governor will take a decision to change the interest rates along with the committee. In such a situation, it can have a direct impact on the EMI of the loan being paid by the general public.
Long list of bank holidays in August
From Rakhi to 15 August, Janmashtami, Ganesh Chaturthi and Sunday and Saturday holidays, the bank will remain closed for many days this month. In such a situation, do your work on time or else you may face problems due to the bank being closed.
20th installment will be sent to farmers
On August 2, the 20th installment of PM Kisan Yojana will be sent to the accounts of crores of farmers across the country. PM Modi will send Rs 2000 to the farmers' account through video conferencing from Varanasi.
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