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1 December: 5 rules are changing from today, impact on banking to business

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December 1, 2020 means that today some important changes are being implemented in the country.



Changes from 1st December 2020: December 1, 2020 means that some important changes are being implemented in the country from today. These changes are directly related to life from common man to businessman. The changes include changes in the rules related to banking, from the new guidelines for monitoring, prevention and vigilance related to Corona. Let’s know what is changing in the country from December 1…

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Kovid’s new guidelines

In the new guidelines on Kovid, states and Union Territories have been asked to strictly implement preventive measures, SOPs and Kovid-19 suitable behavior, caution and crowd control. The states, union territories will have to ensure that the district administration carefully determines the container zone at the micro level. Only mandatory works will be allowed in these container zones. With this, apart from medical emergency and essential goods and services, movement of people inside and outside these zones will be banned. States and Union Territories can take administrative action to enforce the need to wear face masks which include a fine for not wearing masks in public and work places. Apart from this, a night curfew will be imposed in Punjab from December 1.

RTGS facility 24 × 7

From December 1, real time gross settlement (RTGS) facility will be available 24 hours and seven days. That is, customers will be able to transact money anytime through 365 days of the year through RTGS. Right now RTGS system is available from 7 am to 6 pm on all working days of the week except the second and fourth Saturday of the month.

Changes in rules for withdrawing money from PNB ATM

From December 1, PNB 2.0 (PNB, eOBC, eUNI) is going to implement One Time Password (OTP) based cache withdrawal facility. From December 1, between 8 am and 8 am, cash withdrawals of more than Rs 10,000 at a time from PNB 2.0 ATM will now be OTP based. That is, PNB customers will need OTP to withdraw more than Rs 10,000 in these night hours. So customers take their mobile with them. Read to know how customers can withdraw cash using OTP in bank ATMs at night hours.

QR code required in B2C transaction bill

The government has implemented the system of publishing QR codes on bills related to transactions between companies and customers (B to C) from December 1. However, for not complying with the provision at present, four months relief has been given from the fine. In this case conditional exemption has been granted till 31 March 2020. However, companies with a turnover of more than Rs 500 crore will be mandatorily required to issue B2C bills having QR codes from April 1, 2021 to get an exemption from fines.

New train

The Mumbai-Howrah Daily Superfast train starts operating from December 1. Mumbai-Howrah train will run on its old time. The Jabalpur-Nagpur special train is also starting from December 1. Its service was discontinued after lockdown. Rewa special and Singrauli special train will also be operated from December 1. Apart from this, Jhelum Express and Punjab Mail are also back on track. Also, the time table of some trains is also changing.

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