LagatarDesk: Only four days are left for the end of July and the month of August is about to start. Some rules definitely change from the first of every month. Many such rules are going to change from August 1 as well. There is going to be a big change in the rules related to ICICI Bank’s rules, EMI, salary, pension. Apart from this, the rules and charges of banks’ ATMs and India Post Payments Bank (IPPB) are going to change. Which will have a direct impact on you. Here we will give you information about all those changes, which are going to be implemented from August 1.
Salary will be available even on holidays
RBI has changed the rules of National Automated Clearing House (NACH). These changes will come into effect from 1 August 2021. That is, now you will not have to wait for the working day for your salary or pension. You will get all these services throughout the week. That is, you will get salary or pension even on the day of the holiday. From August 1, companies salary, pension and EMI can be paid anytime in 24 hours.
21 rupees will have to be paid on every transaction after the free limit
RBI has allowed banks to make changes in the rules related to ATM transactions. Banks will increase ATM maintenance, MMS charges and other service charges. If you transact more than the fixed free ATM transaction limit in a month, then you have to pay a fee. Now you have to pay more charges for this. Earlier this fee was fixed at Rs 20, which has now been reduced to Rs 21. The new orders of RBI will come into effect from January 1, 2022.
Interchange charges will increase from Rs.15 to Rs.17
RBI has also allowed all banks to increase interchange charges for ATM transactions. According to the new rules, interchange charges of Rs 17 will now have to be paid for every financial transaction at all centres. Earlier this charge was Rs 15. Along with this, for non-financial transactions, customers will now have to pay Rs 6 instead of Rs 5. This arrangement will be applicable from 1st August 2021.
Post office customers will have to pay doorstep banking charges
On August 1, customers will also have to pay charges for doorstep banking. According to IPPB, from August 1, 2021, post office customers will have to spend Rs 20 for doorstep banking. Let us tell you that there is no charge on doorstep banking as of now. In such a situation, this change can make a big difference in the pockets of the common people.
Cylinder prices will change
Cylinder prices are reviewed on the first of every month. New prices may also be released on August 1. The price of cylinder may increase or decrease. Gas prices can also be stable.
150 rupees will have to be paid on every transaction after the free limit
ICICI Bank is going to change the service charges of domestic savings account holders from August 1. Customers are given the facility of only four free transactions. After the free limit, you will have to pay Rs 150 for every transaction. Customers can do up to 1 lakh transactions every month from the home branch.
After this, charges of Rs 5 will have to be paid for every 1000. At the same time, no charge will be levied on cash transactions of Rs 25,000 per day from non-home-branch. After this, Rs 5 will have to be charged for every 1000 rupees.
There will also be a fee for withdrawing money from another bank’s ATM
If you withdraw cash from another bank’s ATM from August 1, you will incur extra charges. In metro cities like Mumbai, Delhi, Chennai, Kolkata, Bangalore and Hyderabad, 3 financial and non-financial transactions are free in a month. The first 5 transactions will be free for customers of other cities. This includes both financial and non-financial transactions. After this, any financial transaction will be charged Rs 20. Also, on non-financial transactions, customers will have to pay Rs 8.5 charges.
