Every month, some or the other rules keep changing. Meanwhile, many rules are going to change even after Diwali on 1st November. The prices of LPG gas cylinders have increased. Many rules are changing from banking to advance train ticket booking, rules related to credit cards, petrol-diesel to electricity bill payment.
In such a situation, it is very important for people to know about these rules. A small mistake can cost you heavily. All these changes are going to have a direct impact on you. Let us know which rules are changing.
LPG gas cylinder became expensive
Like every month, this month too the price of LPG gas cylinder has changed. Oil marketing companies have increased the price of commercial gas cylinder by up to Rs 62. This affects small businessmen. However, there has been no increase in the price of domestic gas cylinder.
2 – Two big changes in the UPI Lite platform
Two major changes are going to happen in the UPI Lite platform from November 1, 2024. With this, UPI Lite users will be able to make more payments. RBI has also increased its transaction limit. Under the second change, your UPI Lite balance will go below a certain limit. With the new auto top-up feature, money will be added to UPI Lite again. This will eliminate the need for manual top-up. With this, payments can be made without stopping with the help of Unified Payments Interface (UPI) Lite.
3 – New rules for money transfer
RBI had said that the new rules for domestic money transfer will come into effect from November 1, 2024. So that the misuse of banking channels for fraud can be prevented. RBI had said in its circular that the availability of banking outlets has increased significantly. There has been an ease in fulfilling KYC requirements. Now users have many digital options for money transfer. Recently various services convenient in the existing framework were reviewed.
4 – Changes in credit card rules
SBI Card, a subsidiary of the country’s largest public sector bank State Bank of India, has made a big change from November 1. These are the rules related to utility bill payments and finance charges through credit cards. From November 1, a finance charge of Rs 3.75 will have to be paid every month on unsecured SBI credit cards. Apart from this, an extra charge of 1% has been imposed on payments of more than Rs 50,000 for electricity, water, LPG gas and other utility services.
5 – Changes in train tickets
The rules for booking train tickets have changed from November 1. Now train tickets can be booked only 60 days in advance, not 120 days as before. Indian Railways has made these changes in the rules for advance ticket booking to make the ticket booking process easier for passengers.
Related Articles:-
Public holidays: Govt declared holiday on November 1, school-college offices will remain closed
These 7 credit cards are best for traveling abroad, you will not have to pay forex charges
