New Delhi. Changing from 1 June 2021: On the first of every month, some changes are made by the government, which have a direct impact on the pocket of the common man. These rules include Small Saving Schemes like Sukanya Samriddhi, from Income Tax e-filing to the price of LPG Gas Cylinder.
Let’s know everything about them…
1. Positive Pay System will be implemented in Bank of Baroda
Bank of Baroda is going to change the mode of payment by check from June 1, 2021 for customers. In order to avoid being a victim of fraud, the bank has made Positive Pay Confirmation mandatory for the customers. BoB officials say that customers will have to reconfirm check details under the positive pay system only when they issue bank checks of Rs 2 lakh or more.Also read: Central government is giving a chance to win 5 lakh rupees, this work will have to be done before June 25
2. LPG Cylinder Price
It is also possible to change the rate of LPG ie LPG cylinder from June 1. Usually every month oil companies release new prices of LPG cylinders. Sometimes changes are seen even twice a month. At present, the price of 14.2 kg LPG cylinder in Delhi is Rs 809. Apart from the 14.2 kg cylinder, it is also possible to change the price of 19 kg cylinder. However, it is not necessary that the new prices will be released on June 1. Sometimes the rates remain the same.
3. Change in Interest Rate of Small Savings Schemes
The interest rates of Small Saving Schemes like PPF, NSC, KVP and Sukanya Samriddhi are also to be changed this month. New interest rates of small savings schemes are implemented by the government every three months. Many times it happens that the old interest rates are revised only. On March 31, at the end of the last quarter of the financial year 2020-21, the new interest rates were reduced, which were withdrawn within 24 hours and the old rates remained. Now on June 30, the new interest rates will be implemented again.
Also read: PM Jan-Dhan Account: If you have also opened Jan Dhan account then you will get Rs 1.3 lakh, know how
4. IFSC Code Will Change From June 30
According to the information recorded on the Canara Bank website, the IFSC code of the bank will change from July 1. Syndicate Bank customers have been advised to update the new IFSC code by June 30. To find out the new IFSC code, one has to first go to the official website of Canara Bank, where information has been given in this regard. Explain that Syndicate Bank has been merged with Canara Bank.
5. The site of income tax e-filing will be closed from June 1
The e-filing portal of the Income Tax Department will not work from June 1 to 6. On June 7, the Income Tax Department will launch a new portal for income tax e-filing for taxpayers. According to the Directorate of Income Tax, the official website for filing ITR will change from June 7, 2021. From 7th June it will be http://INCOMETAX.GOV.IN. Right now it is http://incometaxindiaefiling.gov.in.