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Changes from 1st October: Many big rules related to money changed from today! Your pocket will have a direct effect

Changes from 1st October: From today, many important rules have been changed in the country, which will have a direct impact on the pockets of the general public. Most of the rules in these rules are related to rupee-money transactions and trading in the stock market. Let us know in detail. 

New Rules from October 1:  Many important changes are going to happen in the country from today. Although there is some change on the first date of every month, which will affect the common man, from today many new rules are being implemented. Most of the new applicable rules or changes are related to rupee-money transactions and trading in the stock market. Let us know about these changes being implemented from October 1.

Checkbook of these banks got invalid

From October 1, i.e. from today, all the checkbooks of 3 big banks became invalid. Customers of all banks have been advised to immediately visit their branch and apply for a fresh checkbook. From October 1, Allahabad Bank, Oriental Bank of Commerce (OBC), and United Bank of India (United Bank) of India) checkbook and MICR code has become invalid. 

Oriental Bank of Commerce (OBC) and United Bank of India were merged into Punjab National Bank (PNB), with effect from 1 April 2019.

Changed rules for auto-debit payment 

RBI has been instructed to implement Additional Factor Authentication (AFA) with the aim of making digital payments more secure in the country. Keeping in mind the interests and convenience of customers in recurring online payments, it was directed to prepare a framework using AFA to protect them from frauds. But in view of the appeal of IBA, the deadline for its implementation was extended from March 31, 2021, to September 30, so that banks can make full preparations to implement this framework. Its new rules have come into force from 1 October today. 

Read More: Xiaomi Latest Smartphone Launched, Got a sale of Rs 230 crore in just 5 minutes

Pension rules changed from October 1

Important news for pensioners. Actually, from October 1, 2021 i.e. today, the new rule of pension has come into force. It will be very important for pensioners to follow this rule. Now Digital Life Certificate can be deposited in Jeevan Pramaan Center ie JPC of all Head Post Offices of the country.

Such pensioners whose age is 80 years or more, they can submit life certificate from 1 October to 30 November 2021. Pensioners below 80 years will be able to submit life certificate from November 1 to November 30. 

Railway is bringing new time table 

There has also been a change in the timing of trains passing through all the railway stations of the Prayagraj division from October 1. From the month of May last year, the Railways is operating only special and festival trains. After the implementation of the new timetable, the status of special and festival trains will be removed from these trains. After the lock down last year, the Railways first started operating Rajdhani Express. Since then all Rajdhani Express has been run as a special train.

New rules for Demat account from 1st October

According to the order issued by SEBI, from October 1, those opening new trading and demat accounts will also be given the option of nomination, although this will be only an option, trading account can be opened without being nominated. SEBI has released a format of the nomination form. If an investor does not want to make a nomination while opening a demat and trading account, then he will have to give this information to SEBI.

Strictness in food business

From today i.e. from October 1, the Food Safety Regulator FSSAI has made it mandatory for the Food Business Operators to give the information of FSSAI License Number or Registration Number on the cash receipt or purchase challan. If a businessman does not follow this rule of FSSAI, then his license or registration can be canceled.

LPG became expensive 

There has been a big shock of inflation on the very first day of the month. The prices of LPG cylinders have increased once again. But the price of domestic LPG is still stable. This increase has happened in the 19 kg commercial cylinder. After this, now the 19 kg commercial LPG cylinder in Delhi has increased from Rs 1693 to Rs 1736.50. At the same time, the price of non-subsidized domestic LPG cylinders remains constant at Rs 884.50.

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