If you are a customer of State Bank of India (SBI), Axis Bank and India Post Payments Bank, then this is very important for you to know.
The month of June is about to come and with this some things are going to get expensive from June 1. This will have a direct impact on your pocket. If you are a customer of State Bank of India (SBI), Axis Bank and India Post Payments Bank, then this is very important for you to know. Apart from this, third party motor insurance premium for different categories of vehicles is also going to increase. It is necessary under the law to get third party insurance for any motor vehicle. Let us know how much impact they are going to have on your pocket from June 1.
SBI home loan interest rates will increase
State Bank of India (SBI) has increased its home loan external benchmark lending rate (EBLR) by 40 basis points to 7.05 per cent. According to the SBI website, the increased interest rates will be applicable from June 1, 2022.
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Axis Bank hike in service charge
Axis Bank has increased the salary and service charge for savings account holders. The bank has revised the Average Monthly Balance (AMB) requirement from Rs 15,000 to Rs 25,000.
Motor insurance premium for two-wheelers becomes expensive
Talking about the premium rates for two-wheelers, the third party insurance premium for two-wheelers from 150 cc to 350 cc will be Rs 1366. At the same time, this rate has been kept at Rs 2,804 for two-wheelers with a capacity of more than 350 cc.
Talking about the rates of single premium for 5 years for a two-wheeler, it is Rs 2,901 for a two-wheeler with a capacity of up to 75 cc. Apart from this, the single premium for five years has been kept at Rs 3,851 for a two-wheeler between 75 to 150 cc, Rs 7,365 for a two-wheeler between 150 and 350 cc and Rs 15,117 for a two-wheeler with a capacity of more than 350 cc. Is.
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Motor Insurance Premium for Four-Wheelers
According to a gazette notification issued by the Ministry of Road Transport and Highways, the new rates applicable from June 1 are as follows – For third party motor insurance of a private car with 1000 cc or less engine capacity, a premium of Rs 2094 will now have to be paid in a year. Till now, 2072 rupees had to be paid for this. The premium for third party insurance for private cars with engine capacity from 1000 cc to 1500 cc has been increased from Rs 3221 to Rs 3416. The premium for third party insurance for private vehicles with engine capacity above 1500 cc has been increased from Rs 7890 to Rs 7897.
These facilities became expensive in India Post Payments Bank
India Post Payments Bank (IPPB) has introduced Aadhaar Enabled Payment System Service Charge (AePS). AePS issuer transaction charges will be applicable from June 15, 2022. The first three AePS issuer transactions of every month, such as cash withdrawal, cash deposit and mini statement will be free. Exceeding this limit, cash withdrawals and cash deposits will attract Rs 20 plus GST per transaction. And mini statement transactions will be charged Rs 5 plus GST per transaction.
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