From next month i.e. from 1st October, many rules related to bank to everyday will change. The impact of these changes will be on the lives of the common man to the special. The rules that are changing next month are the rules related to cheque book, auto debit payment, LPG cylinder price and pension of many banks. Let’s take a look at what is going to change.
LPG can be expensive
On October 1, petroleum companies release the rates of domestic LPG. In view of the steep increase in the price of crude oil internationally, the price of gas cylinder is expected to increase by up to Rs 100. In the international market, crude oil (Brent crude) has once again reached close to $ 80. With this, crude oil has reached a three-year high. Earlier in October 2018, it had reached $ 78.24 per barrel. Due to the increase in the price of crude oil, the prices of petrol, diesel and gas are set to increase in the coming days.
FSSAI registration number will have to be written on the food bill
The Food Safety and Standards Authority of India (FSSAI) has directed all shopkeepers dealing with food items to register themselves by October 1. It will be made mandatory for the shopkeepers dealing with food items to write the registration number of FSSAI on the bill of goods. Also, from the shop to the restaurant, the display will have to tell which food items they are using. If customers do not give the FSSAI registration number on the bill, action will be taken against the shopkeeper, which is punishable by going to jail.
Old cheque book will not work
The old chequebooks of Oriental Bank of Commerce (OBC), United Bank of India (UBII) and Allahabad Bank will not work from October. These banks have been merged with other banks, after which the account numbers, cheque books, IFSC and MICR codes of the account holders were changed. Till now customers were using old cheque book, but from October 1, they will not be able to do so. In such a situation, the account holders will have to get a new chequebook.
There will be change in pension rules
The rule related to digital life certificate is changing from the first of next month. From next month, all elderly pensioners of the country who are 80 years of age or more will be able to submit digital life certificates at Jeevan Pramaan Centers of all Head Post Offices in the country. The deadline for this has been given till November 30.
Mutual fund investment will change
Markets regulator SEBI has changed the rules for mutual fund investment. As per the new rules, asset under management will be applicable to junior employees working in mutual fund houses. From October 1, 2021, junior employees of MSC companies will have to invest 10% of their salary in units of mutual funds. Whereas by October 1, 2023, phasewise it will be 20 percent of the salary.
Auto debit payment method will change
There is going to be a change in the rules related to the payment of credit-debit cards from October 1. From October 1, a new rule of auto payment from your credit / debit card has been implemented, under which banks will not be able to deduct money from your account without giving the customer’s information. The bank will give you prior information for this, all its payment will be deducted from your bank. The bank will debit the money from the consumer’s account only if he gives permission for the same.
