In such a situation, it is important that you know about these changes in advance. Let us know which rules have changed from 1st July…. (Changes from 1st july 2021)
Also read: LPG Price Today: Shock to common man, gas cylinder became costlier by Rs 25.50, check new price
1. Gas cylinder has become expensive
Today the prices of LPG gas cylinders have also increased. Government oil companies have increased the domestic cooking gas by Rs 25.50. At the same time, the prices of commercial gas cylinders have increased by Rs 84. After this increase, the price of 14.2 kg gas cylinder in the country’s capital Delhi has gone up to Rs 834. Apart from this, this cylinder is available for Rs 861 in Kolkata, Rs 834.5 in Mumbai and Rs 850 in Chennai.
2. Small Savings Scheme
The government has also taken a big decision regarding the small savings scheme. There has been no cut in interest rates for this quarter. In the second quarter (July to September) of the current financial year, the interest rate of 6.8 percent on NSC and 7.1 percent on PPF will remain the same. Apart from this, the interest in Sukanya Samriddhi Yojana is 7.6 percent per annum.
3. SBI customers will have to pay extra charge
Those having an account in State Bank of India will find it expensive to withdraw cash from today, that is, they will have to pay more than before. There has been a change in the rules regarding withdrawing money from bank ATMs, withdrawing money from bank branches and check books. Basic Savings Bank Deposit (BSBD) account holders will have to pay service charge if they withdraw money from SBI ATMs and other bank ATMs above the fixed 4-time limit. The customer will have to pay Rs 15 plus GST to the bank as service charge on every transaction above the specified limit.
4. New Check Book Charge
Apart from this, the charge of check book has also changed. SBI BSBD account holders get a 10-page check book free of cost in a financial year. However, after the free check book, now BSBD account holders will have to pay Rs 40 and GST for a 10-page check book. On the other hand, Rs 75 and GST will have to be paid for a check book of 25 pages. Apart from this, if an account holder asks for a 10-page check book in an emergency, then he will have to pay Rs 50 and GST for that. At the same time, senior citizens are exempted from this.
5. IFSC Codes of Many Banks Changed
Canara Bank and Syndicate Bank have merged, after which Canara Bank has changed the IFSC code of Syndicate Bank account holders with effect from 1st July 2021. Apart from this, IFSC codes of Vijaya Bank and Dena Bank customers have also changed. The old IFSC codes have been discontinued from July 1. In such a situation, customers have been asked to update the new IFSC code from today.
6. Union Bank of India made this change
Andhra Bank and Corporation Bank have merged with Union Bank of India, after which Union Bank has asked customers to use only checks with new security features. Let us tell you that the old check will not be used from today. Apart from this, the IFSC code of both these banks has also changed.
Also read: Bank Holidays: Banks will be closed for 15 days this month, check this list before going to the branch!
7. What are the rules regarding TDS
The Income Tax Department said that the department has developed a new system to help those deducting TDS and collecting TCS to identify the persons on whom tax will be charged at higher rate with effect from July 1, 2021. Explain that the CBDT has issued a circular regarding the implementation of Section 206AB and 206CCA regarding tax deduction and collection at a higher rate in the case of such people who do not file their returns.