Many important changes are going to happen from the coming June 1. The effect of which will be directly visible on your expenses and budget. These include from the price of LPG cylinder to the home loan interest rate..
New Delhi. Now only 3 days are left for the month of May to end. On June 1, many changes are going to happen across the country, whose direct impact will be seen on your pocket. In such a situation, it is important for you to take updates about the changes taking place from June 1.
LPG cylinder prices
The country’s state-run petroleum and oil companies fix the prices of LPG cylinders on the first of every month. In such a situation, on June 1, the prices of cylinders may increase or decrease. Let us tell you that in order to give relief to the public from the expensive prices of cylinders, the central government is currently giving a subsidy of Rs 200 per cylinder to more than 9 crore consumers under the Pradhan Mantri Ujjwala Yojana.
Vehicle insurance will become expensive
From June 1, insurance of two-wheelers and four-wheelers along with many other vehicles will become expensive. From June 1, you will have to pay a higher price for third party insurance. In case of two wheelers, the premium for vehicles between 150 cc to 350 cc will be Rs 1,366, while for vehicles above 350 cc the premium will be Rs 2,804.
SBI home loan will be expensive
Taking home loan from State Bank of India will become expensive from June 1. SBI has increased its home loan external benchmark lending rate by 40 basis points to 7.05 per cent. This will increase the home loan interest rate.
Fees on India Post Payments Bank Transactions
In the month of June, doing transactions through India Post Payments Bank will also become expensive. India Post Payments Bank has decided to levy fees on cash transactions from June 15. No charges will be levied for the first three cash withdrawals, cash deposits and mini statement taking every month. Every cash withdrawal or cash deposit after free transactions will attract Rs 20 plus GST.
