Bank account, gas cylinder and other major changes from February 1
In the month of February, there will be a change in the rules regarding Bank Account, Gas Cylinder, Fast Tag and so on. The Union Budget will also be presented in February, the second month of the year.
In the month of February, there will be a change in the rules regarding Bank Account, Gas Cylinder, Fast Tag etc.
As every month ends and a new month begins, the government makes some changes in some sectors. Be it banking sector or any other business, changes in rules and revision of rules are made. The month of January will end and the month of February will begin.
In the month of February, there will be a change in the rules regarding Bank Account, Gas Cylinder, Fast Tag and so on. The Union Budget will also be presented in February, the second month of the year. A lot of people are expecting this time on the central budget.
As related to minimum balance of bank account and CIBIL score, new rules will be implemented from February 1, 2024. This will have a significant impact on the loan process and banking business.
IMPS Rule Revision:
Immediate Payment Service (IMPS) will take financial transactions to another level. 5 lakh transactions can be done if the name of another bank account holder is registered from now on. This system will be implemented for financial transactions very soon. This will greatly benefit individual users. Financial transactions can be done in just 10 seconds.
SBI Home Loan:
State Bank Of India (SBI) is going to run a campaign to provide Home Loan, this scheme will help you realize your dream home today. A discount of up to 65 bps can be availed on the next home loan. This is a few days campaign available only to those who have applied for immediate home loan.
Punjab Sindh Bank FD:
BSB Bank has launched a 444-day FD scheme which offers an interest rate of 7.4% for regular customers, 7.8% for senior citizens and 8.05% for super senior citizens.
FASTag to KYC:
Henceforth KYC is also mandatory for FASTag to proceed at the toll gate. Government’s objective is to prevent cash transactions. And this rule will be implemented to prevent fraud. The government said that if KYC is not done, FASTag will be banned and will be blacklisted.
Huge change in bright project:
Those who have got free gas connection under Pradhan Mantri Ujwala Yojana, which provides free gas connection to women, should get KYC done for the gas book. Go to your nearest gas agency and complete the KYC process. If this is not done, the subsidy money will not be available.