New Rule from 1 July 2024 The month of July will start from next week. This month is very important for the general budget and ITR filing. Apart from this, this month is important for many financial works.
Actually, many financial rules will change from July 1. Let us know in this article which rules will change from July 1, 2024. The month of June is about to end and the month of July will start from next week. Although this month is important because of ITR (Income Tax Return) and Union Budget. But, many financial rules will change from July 1.
Let us tell you that the prices of LPG cylinders are updated on the first of every month . Apart from this, the rates of CNG and PNG are also revised.
Come, let us know which financial rules are going to change from July 1, 2024.
LPG cylinder price
LPG cylinder prices are updated on the first of every month. On May 1, oil companies had reduced the price of commercial cylinders. Now it remains to be seen whether the price of cylinders will be reduced or increased on July 1.
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Indian Bank Special FD
Indian Bank is running a special FD for its customers. The tenure of this FD is 300 and 400 days. According to the official website of Indian Bank, the name of this FD is Ind Super 400 and Ind Supreme 300 days.
The last date to invest in this FD is 30 June 2024. Let us tell you that this is a callable FD, that is, you can withdraw money whenever you want. In this FD, the general public gets 7.25 percent interest, senior citizens get 7.75 percent and super senior citizens get 8.00 percent interest.
Punjab and Sind Bank Special FD
The last date to invest in Punjab and Sindh Bank Special FD Scheme is 30 June 2024. The tenure of this FD is 222 days, 333 days and 444 days. The maximum interest on this FD is .05 per cent.
Credit card bill payment
The Reserve Bank of India (RBI) has issued a new rule regarding credit card bill payment. This rule will come into effect from July 1, 2024. According to the new rule, there will be a change in the process of credit card bill payment. This change will have a direct impact on fintech platforms like PhonePe, Cred, BillDesk and Infibeam Avenues.
RBI has ordered all banks that from July 1, 2024, all credit card payments should be made through Bharat Bill Payment System (BBPS).
