All the citizens across the country are currently troubled by the rising inflation. In such a situation, some rules to be changed from 1st March today can disturb the common man even more. The first of this is about the gas cylinders used every day. Apart from this, many changes have also taken place regarding the banking service. So let’s take a look at all those changes once.
- According to the rules of Reserve Bank of India, the rules for depositing cash from ATMs have been changed. Discontinuing the present habit of people keeping cash deposits, only localable cassettes can be used during case replenishment at ATMs. However, for now, the RBI has extended the deadline till March 31.
- Apart from this, India Post Payment Bank is starting to charge closure charges for digital savings accounts. If you have an account, then you will also have to pay a charge of Rs 150 to get your account closed. This rule is being implemented from 5th March 2022.
- The price of LPG cylinders has also increased by the gas distribution companies on the first of every month. However, this increase will be applicable only for commercial LPG cylinders. The price of new commercial cylinders has been increased by up to Rs 105.
- Apart from this, IFSC codes of DBS Bank India Limited and Lakshmi Vilas Bank have been changed by the government. This decision was taken after the merger of both the banks. Due to which now the IFSC and MICR codes of all branches have been changed. With these changed codes from March 1, traders will be able to do any business.