New Rule from 1 July 2024: On the first of every month, there is a change in the rules related to money. The government fixes the price of LPG cooking gas cylinders. Apart from this, the rates of CNG and PNG are also fixed. The deadline for special FD of Indian Bank and Punjab & Sind Bank, which are among the three big banks of the country, is till June 30.
New Rule from 1 July 2024: On the first of every month, there is a change in the rules related to money. The government fixes the price of LPG cooking gas cylinders. Apart from this, the rates of CNG and PNG are also fixed. The deadline for special FD of Indian Bank and Punjab & Sind Bank, which are among the three big banks of the country, is till June 30. If you are planning to invest in special FD, then do it by the end of this month. RBI’s new rules may affect credit card bill payments.
LPG cylinder price
The price of LPG cylinders is fixed on the first of every month. Last time on June 1, the government had reduced the price of commercial cylinders. Now it remains to be seen whether the government increases or decreases the price this time.
Indian Bank Special Fixed Deposits
Indian Bank is offering a special FD scheme to its customers. Public sector bank Indian Bank is offering FDs of 300 and 400 days to its customers. According to the website of Indian Bank, you can invest in FD schemes named Ind Super 400 and Ind Supreme 300 days till 30 June 2024. This special FD is a callable FD. Callable FD means that in this you get the option to withdraw money before time. Indian Bank’s Ind Super FD is of 400 days. You can invest from Rs 10,000 to Rs 2 crore in this scheme.
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Indian Bank is now offering 7.25% interest to the general public and 7.75% to senior citizens and 8.00% to super senior citizens. According to the website of Indian Bank, the special term deposit product Ind Super 300 days was launched on 1 July 2023. You can invest from Rs 5000 to less than Rs 2 crore on this FD for 300 days. The bank is offering interest ranging from 7.05 percent to 7.80 percent on this. Indian Bank is now offering 7.05% interest rate to the general public and 7.55% to senior citizens and 7.80% to super senior citizens.
Punjab and Sindh Bank Special FD Scheme
Punjab and Sindh Bank is offering special FDs of 222 days, 333 days and 444 days to its customers. These special FDs are offering a maximum interest of 8.05 percent. According to the bank’s website, the bank is offering 7.05 percent interest on FDs of 222 days, 7.10 percent on FDs of 333 days and 7.25 percent on FDs of 444 days. The bank is offering 8.05 percent interest to super senior citizens on FDs of 444 days.
Credit Card Bill Payment – New RBI Rules
The new rules of the Reserve Bank of India (RBI) are going to come into effect from July 1. RBI’s new rules will bring some changes in credit card bill payments. This order requiring all credit card payments to be revised through Bharat Bill Payment System (BBPS) will affect major fintech platforms like PhonePe, Cred, BillDesk and Infibeam Avenues. RBI has directed that all credit card payments should be made through BBPS from July 1. So far, out of the 34 banks authorized to issue credit cards, only eight have activated bill payments on BBPS.
