New Rule from 1 July 2024: 5 rules related to money will change from July 1, check immediately

New Rule from 1 July 2024: On the primary of each month, there’s a change within the rules related to money. The authorities fixes the worth of LPG cooking gasoline cylinders. Apart from this, the charges of CNG and PNG are additionally mounted. The deadline for particular FD of Indian Bank and Punjab & Sind Bank, that are among the many three massive banks of the nation, is until June 30.

New Rule from 1 July 2024: On the primary of each month, there’s a change within the rules related to money. The authorities fixes the worth of LPG cooking gasoline cylinders. Apart from this, the charges of CNG and PNG are additionally mounted. The deadline for particular FD of Indian Bank and Punjab & Sind Bank, that are among the many three massive banks of the nation, is until June 30. If you’re planning to put money into particular FD, then do it by the tip of this month. RBI’s new rules could have an effect on bank card invoice funds.

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LPG cylinder value

The value of LPG cylinders is mounted on the primary of each month. Last time on June 1, the federal government had diminished the worth of business cylinders. Now it stays to be seen whether or not the federal government will increase or decreases the worth this time.

Indian Bank Special Fixed Deposits

Indian Bank is providing a particular FD scheme to its prospects. Public sector financial institution Indian Bank is providing FDs of 300 and 400 days to its prospects. According to the web site of Indian Bank, you may put money into FD schemes named Ind Super 400 and Ind Supreme 300 days until 30 June 2024. This particular FD is a callable FD. Callable FD signifies that on this you get the choice to withdraw money earlier than time. Indian Bank’s Ind Super FD is of 400 days. You can make investments from Rs 10,000 to Rs 2 crore on this scheme.

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Indian Bank is now providing 7.25% curiosity to most people and seven.75% to senior residents and eight.00% to tremendous senior residents. According to the web site of Indian Bank, the particular time period deposit product Ind Super 300 days was launched on 1 July 2023. You can make investments from Rs 5000 to lower than Rs 2 crore on this FD for 300 days. The financial institution is providing curiosity ranging from 7.05 p.c to 7.80 p.c on this. Indian Bank is now providing 7.05% rate of interest to most people and seven.55% to senior residents and seven.80% to tremendous senior residents.

Punjab and Sindh Bank Special FD Scheme

Punjab and Sindh Bank is providing particular FDs of 222 days, 333 days and 444 days to its prospects. These particular FDs are providing a most curiosity of 8.05 p.c. According to the financial institution’s web site, the financial institution is providing 7.05 p.c curiosity on FDs of 222 days, 7.10 p.c on FDs of 333 days and seven.25 p.c on FDs of 444 days. The financial institution is providing 8.05 p.c curiosity to tremendous senior residents on FDs of 444 days.

Credit Card Bill Payment – New RBI Rules

The new rules of the Reserve Bank of India (RBI) are going to come into impact from July 1. RBI’s new rules will carry some adjustments in bank card invoice funds. This order requiring all bank card funds to be revised by way of Bharat Bill Payment System (BBPS) will have an effect on main fintech platforms like PhonePe, Cred, BillDesk and Infibeam Avenues. RBI has directed that each one bank card funds ought to be made by way of BBPS from July 1. So far, out of the 34 banks approved to situation bank cards, solely eight have activated invoice funds on BBPS.

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