State Bank of India (SBI), Bank of Baroda and Punjab National Bank have changed some rules for their customers with effect from February 1. Whereas oil marketing companies have changed the prices of commercial gas cylinders.
These financial rules changed from February 1: The second month of the year 2022 has started. Like every month, in February 2022 also there are some financial and money related rules, which have changed. These are the rules, which are directly related to the general public. These rules range from new rules for customers of State Bank of India (SBI) and Punjab National Bank to changes in the prices of commercial gas cylinders. These rules are going to have a direct impact on the pocket of the common man. In such a situation it becomes necessary to know about them.
From February 1, these things related to the pocket of the common man have changed-
1. SBI Increases IMPS Transaction Limit
The country’s largest bank, State Bank of India (SBI) has increased the limit for IMPS (Immediate Payment Service) transactions. Under this, customers of State Bank can now send an amount up to Rs 5 lakh instead of Rs 2 lakh through IMPS transaction. Along with this, the bank had issued a notice a few days ago saying that the bank will not charge any charge from customers doing IMPS transactions online or digitally. However, customers doing IMPS transactions by visiting a bank branch will have to pay a certain charge. Explain that the amount made through IMPS transaction is transferred from one account to another instantly.
2. Change in LPG Cylinder Prices
State-owned oil marketing companies in a notice issued on February 1 announced a reduction in the price of 19 kg commercial gas cylinders by Rs 91.50. These prices have come into effect from Tuesday, February 1. With this change, the price of commercial LPG cylinders in Delhi has now gone up to Rs 1,907. Earlier on December 1, the price of 19 kg LPG cylinder was increased by Rs 100, after which its price reached Rs 2,101 in Delhi.
Talking about other cities, the price of commercial gas cylinders has been cut by Rs 89 in Kolkata and it is available there for Rs 1,987. Similarly, commercial gas cylinders in Mumbai are now available for Rs 1,857, getting cheaper by Rs 91.50. The price of commercial gas cylinder has been cut by just Rs 50.50 in Chennai and is available there for Rs 2,080.50.
Minimum Balance of Punjab National Bank
Punjab National Bank (PNB) has said that if a customer is unable to pay any EMI or any other installment amount due to insufficient balance in the account, it will impose a penalty of Rs 250 on that customer. Till now this fine was Rs 100. In this way, PNB has increased the amount of penalty from Rs 150 to Rs 250 for customers who do not maintain sufficient balance from February 1. PNB has named it as Positive Pay System.
Bank of baroda cheque payment
Bank of Baroda (BoB) has changed its cheque payment system with effect from 1 February. The bank has requested its customers to inform the bank in advance on issue of cheque the beneficiary to whom they have issued the cheque. The bank said that while clearing the check with more than this amount, it will not call your branch and check the check and the check will be cleared soon. This change is for check clearance above Rs 10 lakh.
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