From July 1, 2021, many big changes are happening this time too. In these, the country’s largest government bank SBI is changing the service charge on Basic Savings Bank Deposit (BSBD). Along with this, the rule of Driving License is also changing. LPG Cylinder price will be revised. Taxation has also changed. Let us know in detail what will be the changes from July 1:
State Bank’s changed rule
State Bank has said that from July 1, 2021, new service charges will be applicable for SBI account holders. The change in charge will be done in ATM withdrawal, check book, money transfer and other transactions. SBI has kept these accounts free from the hassle of minimum balance. That is, the minimum balance is zero. Account holders get a Rupay ATM cum Debit Card.
Where will it be charged now?
All these charges will be applicable from 1st July 2021. After this date, 4 times free cash withdrawal will be charged. The special thing is that the transaction from both the branch and ATM will be counted together. In this way only 4 transactions are free in a month, whether from bank or atm. 15 rupees + GST will have to be paid on cash withdrawal.
Important Updates for Canara Bank Customers
Syndicate bank has merged with Canara Bank and its banking details are about to change. Canara Bank has said that the IFSC code of the erstwhile Syndicate Bank branches will change with effect from July 1, 2021. Canara Bank said that customers will have to use the new Canara IFSC Code to receive funds through NEFT / RTGS / IMPS.
The new IFSC URL can be accessed by visiting Canarabank.com/IFSC.Html or Canara Bank website or visiting any Canara Bank branch. The customers of the erstwhile Syndicate Bank will have to get a new check book with the changed IFSC and MICR code.
LPG Rates Revision
The revision of LPG rates is done every fortnight. Oil companies review LPG rates and modify them as per the requirement.
Taxation : Vivad Se Vishwas Scheme
The government has extended the deadline for making payments under its direct tax dispute redressal scheme ‘Vivad Se Vishwas’ by two more months till June 30 due to the Covid 19 pandemic. According to the CBDT, the time for payment of dues under the Direct Tax Vivad se Vishwas Act, 2020, without any additional amount, has been extended up to June 30, 2021. Pending cases can be settled by paying 100% of the disputed tax and 25% of the disputed fine or interest or fee.
Driving License sitting at home
There will be no need to go to the RTO office to get a learning license. A person can get a learning license made sitting at home. The new system is to start from July 1. The government’s plan was to abolish the system of making learning licenses. Permanent driving license should be given to the drivers after thorough training. For this the Central Motor Vehicles Act would have to be changed. It is not easy to modify it. Therefore, the government has prepared a plan to get rid of those who get the learning license from going to the RTO office.
