In the month of February, the rules related to Bank of Baroda, SBI Bank and PNB Bank transactions will change. Also, the prices of LPG cylinders will change from February 1. At the same time, an important change will be that today Finance Minister Nirmala Sitharaman will present the budget. So many rules will change from this day.
New rules from February 2022: From February 1, 2022, many rules including banking are going to change. Changes in these rules related to your life are going to affect your pocket as well. In the month of February, the rules related to Bank of Baroda, SBI Bank and PNB Bank transactions will change. Also, the prices of LPG cylinders will change from February 1.
At the same time, an important change will be that on this day Finance Minister Nirmala Sitharaman will present the budget. So many rules will change from this day. Taxpayers as well as businessmen and employed people have a lot of expectations from the budget. The business place hopes that the government should give a boost to the economy during the third wave of Kovid-19 and help in increasing the business.
Transaction Limit Increased
According to SBI, transferring money between Rs 2 lakh to Rs 5 lakh through IMPS will attract Rs 20 + plus GST charge. In October 2021, the Reserve Bank of India (RBI) increased the amount of transactions through IMPS from Rs 2 lakh to Rs 5 lakh. The Reserve Bank had increased the limit for transactions done through IMPS. Now instead of Rs 2 lakh, you can transfer Rs 5 lakh in a day.
The rules of Bank of Baroda will change,
The rules related to check clearance of the customers of Bank of Baroda will be changed from February 1. Now for check payment from February 1, customers will have to follow the positive pay system. That is, the information related to the check will have to be sent, only then the check will be cleared. This change is for check clearance above Rs 10 lakh.
PNB has brought penalty,
Punjab National Bank is about to change the rules, it will have a direct impact on your pocket. If the installment or investment fails due to lack of money in your account, then you will have to pay a penalty of Rs 250. Till now this penalty was Rs 100.
LPG LPG Cylinder Price
The prices of LPG are fixed on the 1st of every month. This time it has to be seen whether the cylinder prices increase on New Year’s Day on January 1, 2022.
