New rules from 1st July, New rules from 1st July | Changes From July : From 1 July 9 changes including banking, tax, will affect your pocket
Many rules are changing from July 1  |  Photo Credits: BCCL
- SBI has changed the cash withdrawal and check book rules.
- TDS rules are changing in the rules.
- Auto companies will increase vehicle prices.
6 months of the year 2021 have passed. The month of July is starting from tomorrow. Many changes are taking place this month, which is going to affect your pocket. Every month there are some new government announcements. There may be some changes this month as well which are applicable. In this, financial changes have a direct impact on you. Especially the changes related to banks are the most important. Let us tell you about 8 such changes, which will have a direct impact on your life. Know what is going to change from July 1.
Changes in cash withdrawal and check book rules from SBI
The country’s largest bank has announced that from July 1, 2021, customers of the bank will be allowed only 4 withdrawals from bank ATMs and branches. That is, only 4 withdrawals will be free. Apart from four withdrawals, charges will have to be paid for withdrawal of Rs. 15 rupees will be charged on each transaction and GST will also have to be paid. A new limit has also been fixed for check books. Now you can use only 10 check pages for free. For more than this will have to be charged. For check leaflets of 10 more, Rs 40 plus GST will have to be paid. For a check book of 25 pages, Rs 75 plus GST will have to be paid. But no such charge has been announced for senior citizens.
Change in IFSC Code of Syndicate Bank
The IFSC Code and Check Book of Syndicate Bank will become invalid from July 1. Similarly, customers of Syndicate Bank have been asked to update IFSC Code latest by June 30. Canara Bank said Dear Customer, E-syndicate check book and exchange the issued check. The third party’s validity for the presentation expires on 30 June 2021.
TDS rules will change from July
Taxpayers will be verified and taxpayers who have not filed ITR for the last two years will be charged more TDS. The rule is for those taxpayers for whom the TDS deduction value exceeds the limit value of Rs 50000. This is part of the new rule incorporated in the Finance Act, 2021.
Online application for making learning license
Now you can get a learning license sitting at home. You will not need to go to RTO. Apply online and give test from home. After passing the test, the learning license will reach your home. Afterwards, the vehicle will have to be shown driving for a permanent license.
Auto companies will increase vehicle prices
Auto companies ranging from Hero MotoCorp to Maruti will increase the prices of vehicles from July this year to compensate for the rising cost.
small savings scheme
Following the low interest rate regime in the post office small savings schemes, there may be a rate cut. The rate cut was withdrawn after the Center reduced rates on small savings schemes amid the last quarter’s assembly elections. The rate on small savings schemes is linked to the return on government securities for 10 years and the rate is revised every quarter.
Charge Revision for IDBI Bank Locker, Savings Account, Check Leaflet
IDBI Bank will give 20 leaflets of check book free of cost. After that Rs 5 per check will be charged. But if you maintain IDBI ‘Sabka Savings Account’ then this charge will not be applicable.
Corporation Bank and Andhra Bank customers will get new check book
Corporation Bank and Andhra Bank have been merged with Union Bank and so customers of both the banks have been asked to get a new check book with latest security features.
LPG cylinder price change
The prices of LPG or LPG cylinder are revised on 1st of every month and there is a possibility that the price of LPG cylinder may get revised. LPG is extracted from natural gas and crude oil.
#rules #1st #July #rules #1st #July #July #July #including #banking #tax #affect #pocket