Some rules are going to change from November 1, which will have an impact on the life of the common man. The biggest change is the delivery of LPG, the cooking gas cylinder. Now without OTP LPG Cylender will not be delivered. Similarly, the country’s largest bank, State Bank of India (SBI) Some important rules will be changed. The biggest news about SBI is that it will now offer lower interest rates on savings accounts. The arrangement will come into effect from November 1, which was first announced on October 9. Apart from this, Unlock 6.0 guideline will be issued, which will be effective from November 1.
OTP for home delivery of LPG From November 1:
There is a lot of information for LPG customers. The rule of LPG cylinder is going to change from next 1st November. OTP for gas will now be made mandatory in the new system of home delivery of LPG cylinders. Initially the scheme will be implemented in 100 cities of the country, which fall in the category of Smart Cities. Behind this is the goal of Indian Oil Corporation Limited IOCL, that the cylinder of gas can reach the right customers. That is, now that the OTP will be received after booking the gas cylinder, you have to tell the delivery boy. If you can’t say this you won’t get the cylinder. The system was recently implemented on a pilot basis in Tamil Nadu, Jaipur and Coimbatore. The scheme was successful there on an experimental level, so now from November 1, 2020, the scheme is being expanded to 100 smart cities in the country. Based on the feedback received from these cities, the system will be expanded across the country.
Similarly, the price of LPG will also be changed on November 1. As per the policy of the Central Government, the petroleum companies review the price of LPG on the 1st of every month and new prices are applied which last for the whole month. It is expected that this time too, the price of LPG will not change much. However, the question is, will more subsidies come into account? In fact, international LPG prices have come down so much that the government no longer needs to subsidize.
SBI to Slash Interest rate on savings Account From November 1:
Bad news for State Bank of India (SBI) customers. The country’s largest bank has announced a change in interest rates on its savings accounts from November 1. From November 1, the interest rate on savings bank accounts up to Rs 1 lakh will be reduced from 0.25 per cent to 3.25 per cent. So interest on deposits above Rs 1 lakh will now be repo rate.
No changes on digital payments From November 1:
Digital payments will now be mandatory for businessmen with a turnover of more than Rs 50 crore. This rule of RBI will also come into effect from November 1. Under the new arrangement, no fee or Merchant Discount Rate (MDR) will be charged for digital payments from customers or merchants. These changed rules will only apply to industrialists with a turnover of more than Rs 50 crore.
Maharashtra Bank Time Table:
The new time of banks is going to be implemented in Maharashtra from November 1. Now all the banks in the state will open and close at the same time. This time will be from 9 a.m. to 4 p.m. This rule will apply to all public sector banks. Recently, the finance ministry had directed to make the working hours of the country’s banks uniform. This rule is then being applied.