EPF, from banking to LPG cylinders: These big changes are coming into effect from August 1, today, it is very important for you to know

Today, from August 1, not only the guidelines of Corona Unlock 3.0 will be implemented, but many such changes are taking place, which are directly related to the general public. Changes are going on in bank accounts, from EPF to LPG, etc., the impact of which is completely decided on you. So let us know what things you have to take care of in the Corona era from today. 

From today, EPF will be cut by 12 percent.
Today, from August 1, EPF will be cut by 12 percent. The exemption limit under the Self-Reliant India Package is ending today. The Modi government had reduced the monthly contribution to EPF from 24 per cent to 20 per cent under this package. Announcing this in May, Finance Minister Nirmala Sitharaman had said that as the business is closed in the lockdown, the contribution of both the company and the employee has been reduced from 24 to 20 per cent for May, June and July 2020.  

Fee on minimum balance in the account,
if you are going to do work related to the bank then know this information. In many banks, the rules regarding minimum balance limit are going to change from August 1. It is believed that this change is going to happen in the banking rules of Bank of Maharashtra, Axis Bank and Kotak Mahindra Bank. At the same time, some banks are also preparing to charge fees on cash withdrawals. 

Also Read: The old rule will apply once again from today, 12 percent EPF will be deducted from salary

Changes in the price of LPG On the
first of every month, there is a change in the price of cooking gas ie LPG cylinder. There has been a steady rise in the price for the last two months. The price of LPG will increase or decrease in August, probably to be known today.

PM Kisan installment will come
Under PM Kisan Yojana, from August 1, the government is going to send the sixth installment of 2000 rupees to the bank account of the farmers. The government has provided cash benefits to 9.85 crore farmers of the country since the inception of the scheme. Under this scheme, 6000 rupees are deposited in the account of farmers under this scheme. 

There will be relief in buying car-bike insurance
from August 1, the rules related to car and bike insurance are going to change. As per IRDA’s instructions, from August 1, when purchasing a car, it will not be necessary to take a third year cover for the car and three years for the bike. After this relief, new car buyers will get relief. They will be able to buy the car by paying the price. 

New rules for 
e-commerce companies From August 1, it will be necessary to tell e-commerce companies where the product they are selling is made. This has been done by bringing e-commerce companies to the new consumer Kannu. This will help in promoting indigenous product.