Business News Desk – Some rules keep changing every month. Meanwhile, after Diwali, many rules are going to change on 1st November also. The prices of LPG gas cylinders have increased. In this, many rules are changing, from banking to advance train ticket booking, rules related to credit cards, petrol and 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 a lot. All these changes are going to have a direct impact on you. Let us know which rules are changing.
LPG gas cylinder becomes expensive
Like every month, this month too there has been a change in the price of LPG gas cylinder. Oil marketing companies have increased the price of commercial gas cylinder by up to Rs 62. This is affecting small businessmen. However, there has been no increase in the price of domestic gas cylinder.
Two major changes in UPI Lite platform
There are going to be two major changes 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. The new auto top-up feature will allow you to refill money in UPI Lite. This will eliminate the need for manual top-up. With the help of which payments can be made without any interruption with the help of Unified Payments Interface (UPI) Lite.
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 misuse of banking channels for fraud can be prevented. RBI had said in its circular that the availability of banking outlets has increased significantly. Fulfilling KYC requirements has become easier. Now users have many digital options for money transfer. Recently, various services facilitated within the existing framework were reviewed.
Changes in credit card rules
SBI Card, a subsidiary of State Bank of India, the country’s largest public sector bank, has made a major change from November 1. These are the rules related to utility bill payment and finance charges through credit cards. From November 1, you will have to pay finance charge of Rs 3.75 every month on unsecured SBI credit card. Apart from this, 1% additional charge has been imposed on payment of more than Rs 50,000 in utility services including electricity, water, LPG gas.
change in train ticket
The rules for booking train tickets have changed from November 1. Now train tickets can be booked not 120 days in advance but only 60 days in advance. Indian Railways has made these changes in the rules of advance ticket booking to make the ticket booking process easier for passengers.
