As soon as the month of November arrives, many new rules (November Rules Changes) are going to be implemented. Many new rules are being implemented by the government, the effect of which can be seen on the common man.
Next month, there is going to be a change in the rules related to banking, advance train ticket booking and credit card. It is important to know about these changes (Rule Change From 1st November) to be implemented from 1st November.
Let us know which rules are changing and how it can have a direct impact on your pocket.
TRAI’s new rules will be implemented, spam calls and messages will be controlled!
A big change is going to come in the telecom sector from November 1. The government has directed telecom companies like Jio and Airtel to implement message tracking to prevent spam. Under this, all telecom companies like Jio and Airtel will have to implement rules for tracking and blocking spam messages. Under the message traceability rule, telecom companies will identify suspicious or fake numbers and block them immediately, so that these numbers will not be able to deliver messages to users and users will get better security.
Advance ticket booking will be possible only 60 days in advance
The rules for booking train tickets are going to change from November 1. Now you will be able to book train tickets only 60 days in advance, not 120 days in advance as before. Indian Railways has made these changes in the rules for advance ticket booking to make the ticket booking process easier for passengers.
Banks will remain closed for a total of 13 days in November
There are a lot of holidays in banks (Bank Holidays 2024) due to festivals and public holidays in the month of November. According to the information given on the official website of the Reserve Bank of India (RBI), banks will remain closed for 13 days in November due to weekly holidays and festivals in different states (November Bank Holidays). However, even during these holidays (Bank Holidays In November 2024), you can use the online services of the bank. These services will be available 24 hours a day, so that you can do your important banking work and transactions without any interruption.
RBI changed the rules for money transfer
The Reserve Bank of India (RBI) has issued new rules for Domestic Money Transfer (DMT), which will come into effect from November 1, 2024. The aim of the new RBI money transfer rules is to prevent misuse of banking channels for fraud. “There has been a significant increase in the availability of banking outlets, development in payment systems for fund transfer, and ease in meeting KYC requirements. Now users have many digital options for money transfer. Recently, various services convenient in the existing framework were reviewed,” RBI said in a circular issued on July 24, 2024.
There may be a change in the prices of LPG, CNG, and PNG
At the beginning of every month, oil companies change the prices of LPG gas. On November 1, the prices of 14 kg domestic gas cylinder may also change. Recently, the prices of domestic gas cylinders have remained stable. But, the prices of commercial cylinders are increasing. Apart from this, oil companies also change the prices of ATF (Air Turbine Fuel), CNG and PNG at the beginning of every month. ATF prices have come down in recent months, and this time Diwali is expected to reduce further. There may also be a change in the prices of CNG and PNG.
Strict rules apply in mutual funds
The Securities and Exchange Board of India (SEBI) is going to implement strict rules for mutual funds. From November 1, AMCs (Asset Management Companies) will have to give information about transactions of more than Rs 15 lakh by their nominees or relatives to the compliance officer. This rule will increase transparency in mutual funds and will help in preventing transactions based on insider information.
New rules for SBI credit card users
SBI Card, a subsidiary of State Bank of India, is going to implement some new rules (SBI Credit Card Rules) for credit card users. From November 1, the monthly finance charge on unsecured SBI credit cards will be 3.75%. Apart from this, a 1% fee will be charged on payments of more than Rs 50,000 for utilities like electricity and gas.
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