Changes From 1st August: From 1st August many rules related to you are going to change. Changes in these rules will have a direct impact on your pocket. Like every time, this time along with the increase in the price of LPG cylinder, the system of payment by check is also going to change.
Changes From 1st August: The month of July is about to end and 1st August is about to come. With the 1st day, like every month, some changes are going to happen this time too. Apart from the price of gas, it also includes some updates related to the banking system. Changes in the rules will have a direct impact on you. Apart from this, banks will also have more holidays this month than every month. Let’s know about the changes from 1st August…
Bank of Baroda Check Payment System
If your account is in Bank of Baroda (BOB), then this news is of your use. From this 1st August, the rules of payment by check in Bank of Baroda (BOB) are going to change. As per RBI guidelines, Bank of Baroda has informed customers that from August 1, positive pay system has been implemented for checks with an amount of Rs 5 lakh or more. Under this, the bank has to give the information related to the check through SMS, net banking or mobile app.
LPG Prices
Like the 1st of every month, this time the price of gas cylinders is also likely to change from 1st August. This time companies can change the price of both domestic and commercial gas cylinders. Sources say that this time the rate of one cylinder may change by 20 to 30 rupees. Let us tell you that last time the commercial gas cylinder was cheaper, while the domestic gas cylinder was increased by Rs 50.
Banks will be closed for 18 days
This time in August many festivals like Muharram, Raksha Bandhan, Independence Day, Krishna Janmashtami and Ganesh Chaturthi are coming. For this reason, this time banks will be closed for a total of 18 days including different states. The Reserve Bank of India (RBI) has also announced in its list that the bank will remain closed for several days in August. Banks will remain closed for a total of 18 days this month including second and fourth Saturdays and four Sundays.
