Rule Change July 2024- Two days later, the new month i.e. July will start. The month brings some changes with it. In July also, the rules from bank account to credit card will change. The impact of these rules is going to be directly on the pocket of the common man.
Since these changes are directly related to you, it is very important for you to know about them. Due to lack of knowledge of the rules, many times a person may have to pay unnecessary fees. Also, many times the work gets stopped due to the deadline of some work being over.
From July 1, the rules of mobile number portability will change. Telecom regulator TRAI has extended the locking period to seven days in case of SIM card theft or damage to prevent SIM swap fraud. This means that now you will not get the SIM immediately, but you will have to wait for seven days for it.
In July, you will have to pay more money to recharge your mobile. This is because Reliance Jio, Vodafone-Idea and Airtel have increased their tariffs.
On the first of every month, petroleum companies revise the prices of LPG cylinders and ATF. In such a situation, you may get relief on gas cylinders from July 1.
New rules for credit card bill payment will come into effect from July 1. In this, all banks will have to process credit card payments through Bharat Bill Payment System. However, banks have not yet followed these instructions. So far only 8 banks have activated bill payment on BBPS.
If you have an account in Punjab National Bank and you have not used it for a long time, then it will not work from July 1. The bank has said in its notification that by April 30, 2024, the bank will now close such accounts which have been used for more than 3 years within a month. The bank has set a deadline of June 30, 2024 to avoid inconvenience to the customers.
