New Banking Rules 1st May 2024 : There has been a change in the rules related to money in the next three days. The prices of LPG cylinders, CNG, and PNG are fixed on the first of every month. There is also going to be a change in the rules related to banks. Yes Bank and ICICI Bank have increased many of their savings account charges. That is, the customers of these two banks will have to pay more money than before to avail of the services of the banks. In such a situation, there is less time left to invest.
LPG cylinder price will be decided on May 1
On the first of every month, oil marketing companies decide the price of LPG cylinders. Companies fix the prices of 14 kg domestic cylinders and 19 kg commercial cylinders. Besides, the prices of CNG and PNG are also fixed.
Yes Bank's savings account rules will change
It has been said on the website of Yes Bank that the Minimum Average Balance (MAB) of different variants of savings accounts has been changed. The minimum average balance in Account Pro Max will be Rs 50,000. A limit of Rs 1,000 has been fixed for the maximum charge. The minimum balance in Savings Account Pro Plus, Yes Essence SA and YES Respect SA will now be Rs 25,000. The maximum limit of charge for this account has been fixed at Rs 750. Now the minimum balance in Saving Account PRO will be Rs 10,000. A maximum limit of Rs 750 has been fixed for charges. These rules will come into effect from May 1.
ICICI Bank rules will change
ICICI Bank has also made changes in many types of services and charges. The annual fee for debit cards has been reduced to Rs 200. For rural areas, it will be Rs 99 annually. There will be no charge for a checkbook with 25 leaves in a year. After that, Rs 4 will have to be paid for each leaf of the cheque. Charges will be levied on the IMPS transaction amount. It will be between Rs 2.50 to Rs 15 per transaction. It depends on your amount.
We care FD for senior citizens of HDFC Bank
HDFC Bank can invest in Senior Citizen Care FD till May 10, 2024. The bank gives extra interest of 0.75 percent to senior citizens. This is a little more interesting than your regular FD. It is giving 7.75 percent interest to senior citizens on FDs ranging from 5 years to 10 years. This interest is available on FD of less than Rs 5 crore.
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