Business / These 5 important rules will change from August 1, there will be a direct impact on the pocket of the common man - know how

Zoom News : Jul 29, 2021, 06:46 AM
New Delhi. From August 1, the rules related to your life are going to change. Some of these rules will benefit you and some are going to be heavy on your pocket. In these, ICICI Bank and Reserve Bank of India are about to change their rules. Apart from this, new prices of LPG will also be released from August 1, this directly affects the budget of your household. Let's know about these rules.

1. Salary will come in bank account even on holiday

From August 1, 2021, even if there is a Sunday or any other bank holiday, your salary, pension, dividend and interest money will come in the bank account. Now your salary will not stop on holidays. Actually, the Reserve Bank of India (RBI) has announced that the National Automated Clearing House (NACH) will be available seven days a week. Bulk payments like salary, pension, interest, dividend etc. are paid through NACH, operated by National Payments Corporation of India (NPCI). From 1st August, companies will be able to transfer the salary anytime due to the facility of NACH 7 days 24 hours.

2. These rules will change for ICICI Bank

Withdrawing cash from ICICI Bank ATMs is going to be expensive from August 1. Along with this, the rules of check book are also going to change. ICICI provides 4 free transaction service to its customers. After withdrawing money 4 times, you will have to pay the charge. 150 rupees will have to be paid on every transaction after the free limit. ICICI Bank customers can withdraw up to Rs 1 lakh from their home branch. Above this, Rs 5 per 1,000 will have to be paid. There is no charge for cash withdrawal up to Rs 25,000 per day for withdrawing money from branches other than the home branch. After that Rs 5 will have to be paid for withdrawing Rs 1000.

3. Withdrawing money from ATM will be expensive

From August 1, the rules for withdrawing money from ATMs are going to change. The Reserve Bank of India (RBI) has recently increased the charge on ATM transactions. RBI has reduced the interchange fee for financial transactions from Rs 15 to Rs 17. The charge for non-financial transactions has been increased from Rs 5 to Rs 6.

4. These rules will change for IPPB from August 1

From August 1, 2021, India Post Payments Bank (IPPB) is going to introduce charges for doorstep banking to its customers. At present IPPB does not charge any charges for doorstep banking but from August 1, the bank is going to charge Rs 20 plus GST on some services in case of doorstep banking from every customer. For post office products like Sukanya Samriddhi Account, PPF, RD, LRD will have to pay Rs 20 plus GST. For mobile postpaid and bill payment, Rs 20 plus GST will have to be paid.

5. New prices of cylinders will be released

There will be a change in the prices of LPG cylinders from August 1. New prices of domestic LPG and commercial cylinders are fixed on the first of every month.