Changes From 1st February: From February, there will be a change in some rules from the banking sector to other sectors. Bank of Baroda, State Bank of India and Punjab National Bank will implement some new rules related to various services. These will have a direct impact on your pocket.
New Delhi: Changes From 1st February: The first month of the new year 2022 i.e. January is about to end. Many changes are going to happen from the first day of the next month i.e. February. On February 1, Finance Minister Nirmala Sitharaman will present the budget (Budget 2022-23). Obviously, this will change the economy of the country. Apart from the budget (Aam budget 2022), there are many important changes which are going to happen from February 1. These changes will also affect your pocket.
SBI is making big changes!
The country’s first public sector bank SBI is changing the rules for transferring money. Now the bank will charge Rs 20 + plus GST charge for transferring money between Rs 2 lakh to Rs 5 lakh through IMPS. That is, now it will be costly for you to transfer money. Significantly, in October 2021, RBI increased the amount of transactions through IMPS from Rs 2 lakh to Rs 5 lakh. The Reserve Bank has also increased the limit of transactions through IMPS from Rs 2 lakh to Rs 5 lakh in a day.
Bank of Baroda rules change
Bank of Baroda’s check clearance rule is also included in the changes taking place from February 1. Bank of Baroda customers will have to follow the positive pay system for check payment from February 1. That is, now the information related to the check will have to be sent, only then your check will be cleared. Let us tell you that these changes are for check clearance above Rs 10 lakh.
PNB showed strictness
The changing rules of Punjab National Bank (PNB) will directly affect your pocket. Actually, now 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. That is, now you have to pay more amount for this.
Gas cylinder price change
It is worth noting that the price of LPG is fixed on the first of every month. This time the budget is also in front, so it has to be seen that what is the effect on cylinder prices on February 1. If the prices rise or fall, it will definitely have an effect on the pockets of the public.
The budget for the new financial year will be presented
Finance Minister Nirmala Sitharaman will present the general budget on February 1. In this, there may be changes in the rules related to direct and indirect tax (personal income tax rates). This general budget is very important in the midst of the economy crumbling due to Corona havoc. Elections for 5 states are also in front, so it is believed that the government can take many important decisions in this budget.
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