New Delhi. The beginning of every month brings both happiness and sorrow on the face. Happiness is because we get the salary of our work, but sometimes at the beginning of the month, the prices of things like cylinders, oil, milk are also increased, due to which the mind becomes sad and even if people are already suffering from inflation. In such a situation, the increased prices of things add to this hit. A day later, the month of May is going to start, in such a situation you can also see many changes. So let’s know how the beginning of the month of May is going to be…
cylinder can be expensive
With the beginning of May, gas cylinder companies can take a decision to increase its prices. It is also believed that there can be a significant increase in the prices of domestic gas. If this happens then inflationary scissors are sure to hit your pocket. It should be noted that last time the price of gas cylinder was increased by Rs 50.
Banks will remain closed for four consecutive days
If you also have to make frequent trips to banks, then first definitely read this news. The beginning of the month of May is going to be a bit bad for you as the banks will be closed for four consecutive days from May 1 to May 4. However, these holidays in banks will be according to different states. Remember, Eid will be celebrated in the country only in the beginning of May. Along with this, banks are going to remain closed for 11 days in the month of May including Saturday and Sunday.
UPI payment limit to be increased in IPO
The major changes going to happen from May 1 also include that the limit for UPI payment for retail investors will be increased. According to the new rules of SEBI, to invest in the IPO of a company, after May 1, you can submit a bid of up to Rs 5 lakh while making payment through UPI. At present, this limit is Rs 2 lakh. The new limit will be applicable for all IPOs coming after May 1. Let us tell you, SEBI had allowed payment through UPI for investment in IPO in November 2018, which is effective from July 1, 2019.