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A lot is going to change in your life from today, from banking to kitchen will affect

June 30, 2020

New Delhi: The month of Wednesday to July is starting. From July 1, while the government is starting the process of Unlock-2 on the one hand, on the other hand many things will be affected from your pocket to the kitchen of your home. The common man is also being troubled by the rising prices of Petrol and Diesel, in such a situation, there will be a change in banking rules and LPG prices from tomorrow. Let us know which major changes are going to happen in your life from July 1….

No discount will be available for ATM transactions: 
Wednesday, all bank account holders will not get any rebate on cash transactions from ATMs. As before, only eight transactions will be done every month in metro cities and 10 in non metro cities. Due to the corona virus, people were first given unlimited withdrawal facility from ATMs.

Minimum balance will have to be kept in the account again The account holders will have to keep the minimum balance in the savings account every month according to the rules of their banks. The need to keep minimum monthly balance maintained was eliminated during lockdown. In metro city, urban and rural areas different minimum balance is charged.

Less interest will be found
The biggest hit is the interest received on the account of the customers. Most banks will reduce the interest received in savings account. While the interest to Punjab National Bank account holders will be reduced by 0.50 per cent, other government banks will also get a maximum of 3.25 per cent.

The account will freeze
with this, people will get their accounts frozen from July 1, if they do not deposit documents in many banks. Along with Bank of Baroda, this rule has also become applicable in Vijaya Bank and Dena Bank. Significantly, Vijaya and Dena Bank have been merged with Bank of Baroda.

LPG, Air Fuel Prices to be changed
Oil marketing companies announce new prices of LPG cylinder and air fuel on the first date of every month. The prices have been increasing for the last few months. At the same time, with the rising prices of petrol and diesel, there is hope that the cost of air fares will increase significantly with people’s kitchens.

The rule of
Atal Pension Yojana will change Auto debit can start again after June 30 in Atal Pension Yojana (APY). According to PFRDA’s April 11 circular, the facility was put on hold until June 30 due to a corona virus epidemic. That’s why banks stopped auto debit from the Atal Pension Yojana. It can start again from 1 July.

Online registration of MSME
Micro, Small and Medium Enterprises (MSME) will be able to register online from July 1. The government had told in this context that this registration will be based on self-declared information, there will be no need to upload documents for this. The officer associated with the case said that the process of registration of enterprises is being combined with income tax and GST. The information given here will be verified with the PAN number and GSTIN details.

The last date for withdrawal of PF money in the Corona era was the
central government relaxed the rules to withdraw money from PF in the lockdown imposed for the prevention of corona virus. If you want to withdraw some amount from your PF account, then this change going on from July 1 is important. You will not be able to do this from July 1. This facility was only till June 30.

Registration in the 
Kisan Samman Nidhi: Under the Prime Minister Kisan Samman Nidhi scheme, 6000 rupees are given to the farmers in three installments of 2000 rupees every year by the Modi government. So far, five installments have been sent to the farmers. You can register in the scheme by 30 June. If they apply by June 30, then in July you will get 2000 rupees and in August also you will get 2000 rupees more as the second installment.

Stamp duty will be levied on the purchase
of mutual funds. On July 1, investors will also have to pay 0.005 percent stamp duty on the purchase of a mutual fund. However, whether you are investing in mutual funds through Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP). This stamp duty debt and equity will be levied on all types of mutual funds. The effect of stamp duty will be seen on most debt funds.


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