The month of October is about to end and November is about to begin. Like every month, the month of November is also bringing many big changes (Rule Change From 1st November).
These changes will come into effect with the first date and their effect will be on every pocket. While changes in the prices of LPG cylinders can be seen in these, the rules of credit card are also going to change. Let’s take a look at the six big changes…
First change-
On the first of every month, petroleum companies change the prices of LPG cylinders and issue new rates. This time too, a revision in its prices can be seen on November 1. This time people are expecting a reduction in the prices of 14 kg LPG cylinders, which have been stable for a long time. On the other hand, if we talk about the price of commercial gas cylinders, the price of 19 kg LPG cylinder had decreased in the month of July, but after that it has been increasing continuously for three months. During this time, the price of a cylinder has increased by Rs 94. On October 1, the commercial cylinder became costlier by Rs 48.50 in Delhi.
Second change – ATF and CNG-PNG rates
While oil marketing companies revise the prices of LPG gas cylinders on the first of every month, apart from CNG-PNG, the prices of air turbine fuel (ATF) are also revised. In the last few months, there has been a reduction in the price of aviation fuel and this time too, a festive gift of reduction in prices is expected. Apart from this, a big change can also be seen in the prices of CNG and PNG.
Third Change – SBI Credit Card Rule
Now let’s talk about the third change to be implemented in the country from November 1, which is related to the country’s largest government bank. Actually, SBI Card, a subsidiary of State Bank of India (SBI), is going to implement a big change from November 1, which is related to utility bill payments and finance charges through its credit card. If we understand the Credit Card Rule Change in detail, then from November 1, a finance charge of 3.75 will have to be paid every month on un-secured SBI credit card. Apart from this, 1% extra charge will have to be paid on payment of more than Rs 50,000 in utility services including electricity, water, LPG gas.
Fourth change – Mutual Fund rules
Market regulator SEBI has prepared to tighten the rules of insider trading in mutual funds and this will come into effect from the first of November. Actually, according to the new insider rules that are going to be implemented for mutual fund units, now the information of transactions of more than Rs 15 lakh made by nominees and their close relatives in the funds of asset management companies (AMCs) will have to be given to the compliance officer.
Fifth change – TRAI’s new rules
The fifth change in the list of major changes from November 1 is related to the telecom sector and these new rules can be implemented from the first date. Actually, the government has instructed all telecom companies including Jio, Airtel to implement message traceability. Under this, telecom companies have been ordered to block spam numbers. In such a situation, companies can block the number by putting the message in the spam list even before the message reaches their SIM users.
Sixth change – Banks will not work for 13 days.
In November, banks will remain closed on many occasions due to festivals and public holidays as well as assembly elections. In November, banks will remain closed for a total of 13 days. Let us know on which occasions the banks will remain closed. During these bank holidays, you can complete your banking related work and transactions using the online services of banks. This service remains available 24X7.
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