Rule Change: From LPG price to online money transfer… these 5 big changes implemented in the country before the budget

Rule Change From 1st February
Rule Change: From LPG price to online money transfer... these 5 big changes implemented in the country before the budget

Rule Change From 1st February: Under the major changes implemented in the country, where oil marketing companies have shocked the country by increasing the prices of commercial LPG Cylinder on the budget day, the deadline for FASTag eKYC has been extended by one month.

The account of the financial health of the country i.e. the Budget is going to be presented tomorrow i.e. on 1 February 2024. There will be many big announcements in the Parliament on this day, but before that many big changes have been implemented in the country. In some places people have got relief, while in others there has been a big shock. On one hand, oil marketing companies have increased the prices of LPG cylinders (LPG Cylinder Price Hike), while on the other hand, the KYC (FASTag eKYC) deadline for FASTag is being extended by one month. Let’s know about 5 big changes…

LPG cylinder becomes expensive

There has been a shock of inflation on the budget day. Oil marketing companies have increased the price of 19 kg commercial gas cylinder (Commercial LPG Cylinder Price Hike). After the latest change, the price of 19 kg commercial gas cylinder in Delhi (Delhi LPG Cylinder Price) has increased from Rs 1755.50 to Rs 1769.50. Talking about other metros, the price of one cylinder in Kolkata (Kolkata LPG Cylinder Price) has been increased from Rs 1869.00 to Rs 1887. The commercial cylinder which was earlier available for Rs 1708 in Mumbai, will now be available for Rs 1723. Whereas in Chennai its price has increased from Rs 1924.50 to Rs 1937. On the other hand, the prices of 14.2 kg domestic gas cylinder have been kept stable.

IMPS money transfer even easier

The second major change from February 1, 2024 is related to online money transfer. Under this, users will be able to transfer money through IMPS by just adding the receiver’s mobile number and bank account name. According to National Payments Corporation of India (NPCI), now there will be no need for beneficiary and IFSC code.

NPS withdrawal rules changed

Talking about the third change, the Pension Fund Regulatory and Development Authority (PFRDA) issued a master circular in January, in which guidelines were given for partial withdrawal of funds invested under the National Pension System (NPS). The pension body has clarified that subscribers can make partial withdrawals only for the purchase or construction of the first house. This rule will be implemented from February 1.

Fastag eKYC deadline extended!

The National Highways Authority of India (NHAI) had said that all Fastags without KYC will be deactivated after January 31. On February 1, users will have to ensure that KYC for their Fastag has been completed. In a report, an officer related to the case has said on the condition of anonymity that out of 1.27 crore, only 7 lakh multiple Fastags have been closed. Therefore, we are extending this deadline by one more month. According to NHAI, people are being encouraged to complete KYC of Fastag as per RBI guidelines.

Dhan Lakshmi FD Scheme

The last date for the special FD of Punjab and Sindh Bank (PSB) called ‘Dhan Lakshmi 444 Days’ was January 31, 2024 and this deadline is now over. Let us tell you that the bank had earlier fixed the last date for investment in this special scheme as November 30, 2023, which was extended at the last moment to January 31, 2024. In this FD scheme, investors are offered interest at the rate of 7.4% and for senior citizens it is 8.05%.


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