From the beginning of next month i.e. August 1, 2021, some rules related to money are going to change. These changes are going to have an impact on you and our lives. Let us know which rules are going to change from August 1.
From the beginning of next month i.e. August 1, 2021, some rules related to money are going to change. These changes are going to have an impact on you and our lives. The Reserve Bank of India (RBI) has changed the rules related to money. After this change, where cash withdrawal from ATM is going to be expensive. At the same time, RBI has taken a big step for the convenience of the common man. RBI has changed the rules of National Automated Clearing House (NACH). With this, now you will get your salary or pension in your account even on the day of leave. Let us know which rules are going to change from August 1.
>> Change in Cash Withdrawal from ATM
Under the new rules of RBI, now bank customers can take advantage of the facility of 5 free transactions (including financial and non-financial transactions) every month from their bank’s ATM. After this, they will have to pay a charge on the withdrawal. RBI has increased the interchange fee per transaction from Rs 15 to Rs 17 for financial transactions and from Rs 5 to Rs 6 for non-financial transactions across all centres.
At the same time, a bank customer will be exempted from the fixed free transaction limit for each ATM cash withdrawal. For transactions above this, Rs 21 will have to be paid. Right now this fee is Rs 20. This rule will be applicable from January next year.
>> Now salary will come in the account even on holiday
You no longer have to wait for working days for important transactions like salary, pension and EMI payments. RBI has changed the rules of National Automated Clearing House (NACH). NACH is a wholesale payment system operated by NPCI. Which provides the facility of various types of credit transfers such as dividend, interest, salary and pension. Presently NACH services are available only on days when banks are working, but from 1st August this facility will be available on all days of the week.
>> Withdrawing money from ICICI Bank is expensive
You can do four transactions every month with ICICI Bank, that is, you can withdraw money from the account four times in a month. If someone withdraws more than four times, then he will have to pay 150 rupees according to the one-time transaction. That is, on withdrawing money from the bank, 150 rupees have to be paid on every transaction. Apart from this, ICICI Bank has fixed transactions up to Rs 1 lakh for every month. After this, they have to pay a charge on the withdrawal of money.
read this also- read this also- PM Pension Yojana: 1.1 lakh rupees will be available every year in this scheme, know how to take advantage