From today, many changes will take place in the lives of all people. This is going to affect normal life. These changes range from matchboxes in the kitchen to household gas cylinders and interest rates on credit cards to savings accounts.
New Rules from 1st December 2021: From today, many changes will take place in the lives of all people. This is going to affect normal life. From banking to EPFO and many kitchen related rules are going to change. These changes range from matchboxes in the kitchen to household gas cylinders and interest rates on credit cards to savings accounts. These new rules are going to affect the daily life of the common man and therefore it is very important to know more about them.
SBI Credit Card
State Bank of India (SBI), India’s largest bank, has started charging processing fees on EMI transactions from today. From today, State Bank of India will charge a processing fee for converting monthly installment (EMI) or other transactions into EMI. For EMI transactions, SBI credit cardholders will now have to pay an additional processing fee of Rs 99, including a separate purchase tax.
Punjab National Bank Savings Deposit Interest Rate
Punjab National Bank’s (PNB) cut in interest rates on savings deposits has dampened the enthusiasm of small savings account holders. PNB has reduced the interest rate on savings account deposits by 10 basis points (bps) for accounts below Rs 10 lakh and 5 basis points (bps) for account balances of Rs 10 lakh and above, to 2.80 per cent per annum and 2.85 per cent respectively. These new interest rates are applicable from today.
Life certificate for pensioners
Retirees above 80 years of age can submit their digital life certificate at the Jeevan Sanman Kendra at any of the major post offices in the country. The last date for submission of this certificate was fixed on November 30, 2021. This life certificate is proof that the pensioner is still alive. Failure to do so could result in termination of your pension. Therefore, if you do not submit your life certificate, your pension may be affected.
After 14 years, match prices went up
Firefighting prices have risen after 14 years on the back of rising raw material prices on the back of rising inflation. From today, the retail price of fire extinguishers has gone up from the current Rs 1 to Rs 2. In 2007, the prices were increased from 50 paise to Rs 1 per box.
Increase in the price of commercial gas cylinders
In December, oil companies did not raise the price of domestic gas cylinders, but commercial gas cylinders. In the national capital, Delhi, the increase was Rs 103.50. Since then, the price of a gas cylinder has gone up to Rs 2,101. Oil companies change the price of a gas cylinder on the first day of each month.