Several rules pertaining to banking, financial and other sectors are changing from February 1. LPG and Bank transaction: Major rules changing from today, 1 February 2022. Since these new rules are set to impact the day-to-day lives of a common man and hence it is important to know more about these changes in detail.
SBI IMPS transaction Charges
India’s largest lender State Bank of India (SBI) has increased the limit for money transaction via Immediate Payment Service (IMPS) from Rs 2 lakh to Rs 5 lakh, however the sad news for customers is that the bank will charge you for it. The SBI website reads that the bank will charge you Rs 20 + GST, for IMPS transactions between Rs 2 lakh and Rs 5 lakh. The charges will be effective from February 1, 2022. The charges for remitting money thorugh IMPS using SBI Anywhere Personal below Rs 2 lakh is however Nil.
LPG PRICES
Oil marketing companies revise the prices of LPG on the first day of every month depending on the crude rates in the international markets. You can check for the new prices before booking a gas cylinder for this month.
Also Read: Govt announced Online class for 1 to 9 till February 5
Bank of Baroda Positive Pay
Bank of Baroda is going to make changes in its cheque payment rules from February 1, 2022. It will be mandatory for BoB Customers to make Positive pay confirmation for payments made via cheques above Rs 10 lakh.
Also Read: Budget 2022: Big announcement for students, farmers and Digital currency
Punjab National Bank Minimum Balance
Punjab National Bank (PNB) will levy a penalty of Rs 250 in case of failure in payment of EMI or other installment due to lack of money in your account. The penalty for the same was previously Rs 100.
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