After 6 days i.e. from August 1, the rules related to your life are going to change. On the first of every month, new prices of LPG gas cylinders ie LPG are also released, this has a direct effect on your kitchen budget. Apart from this, the rules of banks are changing and new rules are going to be applicable regarding the day of salary transfer. Let’s know about these rules.
Changing rules of ICICI Bank
If you are a customer of ICICI Bank, then from August 1, these rules are going to affect you. ICICI Bank has changed the rates of limit on cash transactions, ATM intercharge and check book charge for Domestic Savings Account holders.
These rules will change
1 – ICICI Bank gives 4 cash transactions free every month for regular savings account. 150 rupees will have to be paid on every transaction after the free limit.
2 – The value limit (Deposit + Withdrawal) includes both home branch and non home branch transactions.
ICICI Bank customers are going to get a setback from August 1, know where the charge will increase
3 – Home branch – From August 1, the value limit in the home branch for customers will be Rs 1 lakh per month per account, Rs 5 will have to be charged for every 1000 Rs above 1 lakh or minimum Rs 150.
4 – No charge will be levied on cash transaction of Rs 25,000 per day from non home-branch. After this, Rs 5 will have to be charged for every Rs 1000, minimum Rs 150.
5 – Third party cash transactions (deposit + withdrawal deposits and withdrawals) – up to a limit of Rs 25,000 per transaction, Rs 150 per transaction. Not more than Rs 25,000 is allowed.
6 – For Senior Citizen Customers, Young Star/Smart Star Accounts while the limit of Rs 25,000 per day will be applicable, no charge of any kind will be levied.
ATM Interchange Charges
If you withdraw cash from any non-ICICI Bank ATM, the first 3 transactions in a month will be free in 6 metro cities (Mumbai, Delhi, Chennai, Kolkata, Bangalore and Hyderabad). This includes both financial and non-financial transactions. For other places, the first 5 transactions in a month will be free. After this, any financial transaction will be charged Rs 20, and any non-financial transaction will be charged Rs 8.5.
Salary will be available on bank holiday from August 1
From 2021, even if there is a Sunday or any other bank holiday, the payment of your salary, pension, dividend and interest will not stop, that is, the payment of salary and pension will be done on the due date. Actually, the Reserve Bank of India (RBI) has announced that the National Automated Clearing House (NACH) will be available seven days a week. Bulk payments like salary, pension, interest, dividend etc. are paid through NACH operated by National Payments Corporation of India (NPCI). From 1st August, companies will be able to transfer the salary anytime due to the facility of NACH 7 days 24 hours.
New prices of cylinders will be released
There will be a change in the prices of LPG cylinders from August 1. New prices of domestic LPG and commercial cylinders are fixed on the first of every month.
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