New Rules: These 6 important rules change from 1st June
Many rules are going to be changed from 1st June. These changes affect daily life and hence it is necessary to be aware of them.
As June 1 approaches, many rules are going to be changed. These changes affect daily life and hence it is necessary to be aware of them. Let’s take a look at key changes that will take place from June 1.
LPG Cylinder Price:
The first change that we need to keep a tab on is the LPG prices. Oil marketing companies update the prices of LPG cylinders on the first day of every month. Earlier in the month of May, oil companies reduced the prices of commercial cylinders. The prices of domestic cylinders and commercial cylinders will be updated on June 1, 2024.
Bank Holidays:
According to the list of bank holidays released by the Reserve Bank of India (RBI), banks will remain closed for 10 days in June. These holidays include Sunday, second and fourth Saturdays. The other holidays in the month of June include Raja Sankranti and Eid-ul-Adha. So it is advised to check the holiday list before going to the bank.
Aadhaar Card Update:
If you have still not updated your Aadhar, this update is for you. UIDAI has extended the date for updating Aadhaar Card for free till 14th June. Aadhaar holders can easily update their Aadhaar Card online. However, if you update offline, that is, by going to the Aadhaar centre, you will have to pay a charge of Rs 50 per update.
Changes in traffic rules:
Meanwhile, the traffic rules are also going to change from June 1 as the new driving licence rules (New Driving License Rules 2024) will come into force from next month. The new rules are stricter and come with a heavy penalty.
According to the new rule, if a person is caught over speeding, he may have to pay a fine of Rs 1000 to Rs 2000. At the same time, a fine of Rs 500 will have to be paid for driving without a licence. Apart from this, if the driver drives without a helmet or seatbelt, he will have to pay a fine of Rs 100.
Apart from that, a heavy fine of Rs. 25000 will be imposed on a minor driving a vehicle. Additionally, a minor will also not get a driving licence until age of 25. There are many more changes under New Driving License Rules 2024.
Also Read: Bank Holidays In June 2024: Bank Remain Closed For 12 Days In Next Month
SBI Lending rate:
India’s largest public sector bank has increased its External Benchmark Lending Rate (EBLR) by 40 bps to 7.05 per cent whereas Repo Linked Loan Rate (RLLR) at 6.65 per cent plus CRP (Credit Risk Premium). As per the official website of SBI, the new lending interest rates will be applicable from 1 June, 2022. Prior to this the EBLR was at 6.65 per cent while RLLR stood at 6.25 per cent.
Third Party Insurance Premium:
As per the notification issued by Ministry of Road Transport and Highways, third part insurance premiums f private four wheelers and two wheelers will rise. The annual rate will be increases from Rs 2,072 to Rs 2,094. This will be for vehicles up to 1000 cc. For private vehicles with engine capacity between 1000 cc and 1500 cc, third-party insurance will be increased from Rs 3,221 in 2019-20 to Rs 3,416. For vehicles with engine capacity above 1500 cc, the premium will be reduced from Rs 7,890 to Rs 7,897.
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