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Changes from 1 September: These big changes are happening from 1st September, will have a direct impact on your pocket, check details here

Changes from 1 September 2021: From EPF to check clearing rules, interest, LPG rules, car driving, and Google services are going to change. 

 From the next month i.e. September (Changes from 1 September 2021), many big changes related to every day are going to happen. And the biggest thing is that it will directly affect your pocket. From EPF to check clearing rules, interest, LPG rules, car driving, and Google’s services are going to change. Let us know about these changes. 

Changes in PF Rules

From September 1, if your Universal Account Number (UAN) is not linked with your Aadhar card, the employer will not be able to credit your Provident Fund (PF) account. The Employees’ Provident Fund Organization (EPFO) has made it mandatory for EPF account holders to link Aadhaar with the UAN number before September 1, 2021. 

Changes in Check Clearing System 

If you also make check payments, then it is important for you to know this change. Issuing checks of more than Rs 50,000 from September 1 can land you in trouble. Actually, banks have now started implementing the positive pay system. Most of the banks are going to implement PPS from 1st September. Axis Bank is starting the positive pay system from next month.

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The timing of LPG cylinders will change

From September 1, there will be a change in both the prices and timing of LPG cylinders. Let us tell you that on the first of every month, new prices of domestic LPG and commercial cylinders are fixed. At the same time, the timing of gas distribution will change from Dharanaula Gas Service. Changes have been made in the timing of the distribution of gas in rural areas including the city.

Interest will decrease on PNB Savings Account 

The customer of Punjab National Bank (PNB) is going to get a big setback from next month. Actually, Punjab National Bank is going to cut the interest rate on savings account deposits from September 1, 2021. This information has been received from the official website of the bank. The bank has decided to reduce the interest rates on savings accounts from 3 percent per annum to 2.90 percent. This decision of the bank will affect both new and old customers.

The rules of car insurance will change

The Madras High Court has ruled that from September 1, whenever a new vehicle is sold, its bumper-to-bumper insurance should be mandatory. This insurance will be in addition to the insurance covering the driver, passenger, and owner of the vehicle for a period of 5 years. Let us tell you that in bumper-to-bumper insurance, those parts of the vehicle will also be covered in which insurance companies generally do not cover.

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