Rule Change From 1 November 2024: Many rules are being changed across the country from today (1 November 2024). The effect of which can be seen on the common man. In this, there is going to be a change in the rules related to banking, advance train ticket booking and credit card. It is very important to know about these rules
Every month some rules keep changing. Meanwhile, many rules are going to change even after Diwali on November 1. The prices of LPG gas cylinders have increased. In this, many rules are changing from banking to advance train ticket booking, rules related to credit card, petrol-diesel to electricity bill payment. In such a situation, it is very important for people to know about these rules. A small mistake can cost a lot. All these changes are going to have a direct impact on you. Let us know which rules are changing.
LPG gas cylinder has become expensive
Like every month, this month also the price of LPG gas cylinder has changed. Oil marketing companies have increased the price of commercial gas cylinder by up to Rs 62. This affects small businessmen. However, there has been no increase in the price of domestic gas cylinder.
2 – Two major changes in UPI Lite platform
Two major changes are going to happen in the UPI Lite platform from November 1, 2024. With this, UPI Lite users will be able to make more payments. RBI has also increased its transaction limit. Under the second change, your UPI Lite balance will fall below a fixed limit. With the new auto top-up feature, money will be added to UPI Lite again. This will eliminate the need for manual top-up. With the help of which payment can be made without stopping with the help of Unified Payments Interface (UPI) Lite.
3 – New rules for money transfer
RBI had said that the new rules for domestic money transfer will come into effect from November 1, 2024. So that misuse of banking channels for fraud can be prevented. RBI had said in its circular that the availability of banking outlets has increased significantly. It has become easier to meet KYC requirements. Now users have many digital options for money transfer. Recently various services convenient in the existing framework were reviewed.
4 – Change in credit card rules
SBI Card, a subsidiary of the country’s largest government bank State Bank of India, has made a big change from November 1. These are the rules related to utility bill payments and finance charges through credit cards. From November 1, 3.75 finance charges will have to be paid every month on unsecured SBI credit cards. Apart from this, 1 percent extra charge has been imposed on payments of more than Rs 50,000 in utility services including electricity, water, LPG gas.
5 – Changes in train tickets
The rules for booking train tickets have changed from November 1. Now train tickets can be booked only 60 days in advance, not 120 days as before. Indian Railways has made these changes in the rules of advance ticket booking to make the ticket booking process easier for passengers.
