Every time a new month begins, something changes. A few of these rules have an immediate financial impact. Since May 1st is tomorrow, rules will change this time around as well, just like they do every time. As is customary, revisions to the LPG, CNG, and PNG pricing are anticipated this time around as well. Aside from this, as of this month’s commencement, several banking rules will alter.
The firms adjust the price
of LPG cylinders on the first of each month. The businesses adjust the prices for both residential and commercial cylinders. In addition, the corporations adjust the pricing of ATF, CNG, and PNG.
The deadline for investing
in the unique FD program (FD) designed exclusively for older folks has been extended by HDFC Bank. May 2020 marked the start of this program. Senior citizens are more interested in this. Until May 10, 2024, you can still invest in it.
ICICI Bank has modified the fees associated with savings accounts.
The revised fees will take effect on May 1. The bank also notified us that the debit card yearly fee has been lowered to Rs 200. Nevertheless, this fee will be Rs 99 in rural regions. There will be no fee for issuing chequebooks with 25 pages starting on May 1. The consumer will then be required to pay Rs 4 for each additional page. IMPS transaction fees will range from Rs 2.50 to Rs 15.
Beginning on May 1, 2024,
Yes Bank will no longer charge a minimum average balance on savings accounts. The savings account’s Pro Max MAB is set at Rs 50,000, with a maximum charge of Rs 1,000. Aside from this, there will be a Rs 25,000 minimum balance requirement for Saving Account Pro Plus, Yes Essence SA, and YES Respect SA. This account will be debited Rs 750 in fees.
Maintaining a minimum balance of Rs 10,000
is required with the Yes Bank Savings Account Pro. A maximum fee of Rs 750 will apply to this. A maximum fee of Rs 500 will be imposed, and there is a saving value restriction of Rs 5000. Likewise, the cap for My First account will be Rs 2500 and the maximum charge will be Rs 250.
IDFC First Bank has just implemented a new policy.
You will now be subject to additional fees if you use a credit card to pay your monthly energy, gas, or internet payment and the total is greater than Rs 20,000. The 1% extra fee will be subject to an additional 18% GST. However, you won’t be required to pay this additional cost if you use the FIRST Private Credit Card, LIC Classic Credit Card, or LIC Select Credit Card.
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