These 4 rules related to money will change from May 1, and it will directly affect the public's pockets.
The first month of the new financial year (2024-25) is also now on the verge of ending. At the beginning of May, there are going to be changes in many rules that will have a direct impact on the lives of the general public. From the first day of May itself, many changes will be seen in the price of LPG cylinders to the charges of savings accounts of ICII Bank. Let us know which changes in money-related rules can be seen in the next month.
There will be changes in Yes Bank
According to the information available on the official website of Yes Bank, changes have been made to the minimum average balance for different types of savings accounts. Now the minimum average balance for Yes Bank's Pro Max Savings Accounts has been changed to Rs 50,000 and the maximum charge has been changed to Rs 1000. Whereas for “Pro Plus”, “Yes Respect SA” and “Yes Essence SA” accounts, the minimum average balance limit is Rs 25,000 and the maximum charge is Rs 750. The minimum balance in “Account Pro” is Rs 10,000 and the maximum charge is Rs 750.
City residents will have to pay more fees
ICICI Bank is also going to change the rules related to saving cards. Now customers in rural areas will have to pay an annual fee of Rs 99 for debit cards and Rs 200 in urban areas. Along with this, the bank has decided not to charge any fee for checkbooks of 25 pages, but after that, a charge of Rs 4 will have to be paid for each page of the book. IMPS transaction amount has been fixed from Rs 2.50 to Rs 15 per transaction.
The chance is till 10th May
HDFC Bank has started a special FD scheme for senior citizens, in which they can join till May 10. In this scheme, a 0.75% additional interest rate is available to senior citizens, through which they can avail the benefit of a 7.75% interest rate on an FD scheme of 5 to 10 years. Under this scheme, senior citizens can deposit up to Rs 5 crore.
Change in oil prices
As we all know on the first of every month, oil companies change the prices of domestic and commercial LPG gas cylinders, hence there is a possibility of a change in gas prices on the first of May. If there is an increase in prices, it will have a direct impact on the pockets of the general public.
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