There is big news for those whose salary comes on the last day of the month or on the first day of the month i.e. 30th, 31st or 1st. Like every time, they will not have to wait long for the salary and they will get their salary on the same day. In fact, on the first 30, 31 or 1 of the bank holiday, the employees had to wait for the next day, from which they would get the salary the next day. Now that won’t happen. In such a situation, know that what is the new rule….
For example, suppose your salary comes in the account on 30th, 31st or 1st, but due to Saturday, Sunday or any bank holiday, the salary is credited to the account on the next day.
If this is the case with you too, then it will not happen now. According to the new system of RBI, now you will not have to wait for a day for salary and transactions will be done even on holidays.
RBI has announced that it will be made available to National Automated Clearing Houses (NACH) from August 01, 2021. It is a bulk payment system, which is operated by National Payment Corporation of India (NPCI). Through this, dividend, pension and salary are transferred to most of the people in their bank account. Through this system, electricity, gas, telephone, water, EMI of loans, investment in mutual funds and insurance premium are paid.
With this, the amount of salary or pension will be deposited in your account even on the day of bank holiday. This rule is going to come into effect from August. The Reserve Bank of India (RBI) has decided that from August 1, the National Automated Clearing House (NACH) will function seven days a week. Whereas now your financial transactions will not stop due to Saturday, Sunday or any holiday.
Actually, it is seen many times that due to the last day of the month being Saturday or Sunday, the salary stops. In such a situation, you have to wait for the salary. During this, if someone needs money in an emergency, then he has to face a lot of trouble. But, with this initiative of RBI, the problem of salary will now go away.
