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These 5 rules will change from 1st August, will have a direct effect on your pocket, know this otherwise

These 5 rules will change from 1st August, will have a direct effect on your pocket, know this otherwise.

Changes to these rules from 1 August will affect your pocket.
  • Salary will also be in the bank account on holidays
  • Changed rules of ICICI Bank
  • Expensive to withdraw money from ATMs
The rules attached to your life will change from August 1st. Some of these rules will benefit you and some will empty your pockets.

1. Salary will also be in the bank account on holidays

From Sunday 1st August 2021, any other bank holiday, your salary, pension, dividend and interest money will come in the bank account. When your celery does not stop on the holiday. In fact the National Automated Clearing House announced by the Reserve Bank will be available 7 days a week. Salary, pension, interest, dividends etc. are paid in bulk payments through NACH managed by National Payments Corporation of India. With the NACH facility 7 days, 24 hours from August 1, companies' salaries can still be transferred.

2. Changed rules of ICICI Bank

Withdrawing cash from ICICI Bank ATMs is set to become more expensive from August 1, and checkbook rules are set to change. ICICI offers 4 free transaction services to its customers. Charge will be given after 4 withdrawals. After the free limit, Rs 150 will have to be paid on each transaction. ICICI Bank customers can withdraw Rs one lakh per copy at their home branch. If it is more than that, you have to pay Rs. 5 per 1000. Apart from the home branch, there is no charge for withdrawing cash of Rs 25,000 per day. After that, if you withdraw Rs.1000, you will have to pay Rs.5.

3. Expensive to withdraw money from ATMs

Going to change the rules for withdrawing money from ATMs from 1 August. The Reserve Bank of India has recently increased the charges on ATM transactions. The RBI's interchange fee has been slashed from Rs 15 to Rs 17 for financial transactions. The charge for non-financial transactions has been increased from Rs 5 to Rs 6.

4. This rule of IPPB will change from 1st August

From August 1, 2021, India Post Payment Bank will continue to charge its customers for door step banking. There is currently no charge for IPPB doorstep banking but from August 1, the bank will charge Rs 20 plus GST and GST on some services from every customer in case of doorstep banking. Post house products who have to pay Rs. 20 plus GST for Sukanya Samrudhi account PPF, RD, LRD. Mobile postpaid and bill payment of Rs 20 plus GST will have to be paid.

5. Issued new price of cylinder (GAS) 

Prices of LPG cylinders will change on August 1. New prices for domestic cooking gas and commercial cylinders will be fixed from the first of every month.

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