New Rules from 1 November 2024 : Many new financial rules are going to be implemented as soon as the month of November starts. These new rules can affect the household budget of common people.
Major decisions like changes in the price of LPG cylinder, credit card and mutual fund rules will be implemented from November 1, 2024. Let us know which 6 new changes are going to happen this November.
1. Change in LPG cylinder prices
At the beginning of every month, petroleum companies fix the prices of domestic and commercial LPG cylinders. New prices will be announced on November 1. While the price of domestic cylinders is expected to be reduced, the price of 19 kg commercial cylinder has increased by ₹ 94 in the last few months.
2. Change in ATF and CNG-PNG rates
Along with LPG, the prices of Aviation Turbine Fuel (ATF) and CNG-PNG may also be revised from November 1. ATF prices have come down in the last few months and it is likely to decrease further. Changes are also expected in CNG-PNG rates.
3. New rules for SBI credit card
Some rules of SBI credit card will change from November 1. The interest rate on credit cards will increase to 3.75% per month. Also, an additional 1% charge will be levied on payments of more than Rs 50,000 on bills like electricity, water and LPG.
4. New rules of TRAI
There will be changes in the telecom sector as well. All telecom companies have been instructed to take steps to stop spam messages. Companies will now work to block and filter spam numbers so that customers get relief from unwanted messages. However, earlier these rules were to be implemented from November 1 but now it has been extended.
5. Bank Holiday: Will remain closed for 13 days
In November, banks will remain closed for 13 days in many places due to festivals, public holidays and elections. In such a situation, customers are advised to use online banking for their essential banking services.
6. New rules for mutual funds
The Securities and Exchange Board of India (SEBI) has implemented new rules from November 1 to curb insider trading in mutual funds. Under this, information of transactions of more than Rs 15 lakh of people associated with the management of the AMC and their close relatives will have to be given. This step has been taken to increase transparency and accountability.
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