New Rules From 1st November: The competition of Diwali is being celebrated all around the nation. People spend so much on the competition of Diwali. In such a state of affairs, the burden of expenditure on frequent folks will increase. The month of November goes to begin on thirty first October, the second day of Diwali. In such a state of affairs, new guidelines are going to be applied from November 1. The new rule goes to have a direct influence on the frequent man solely. On the primary of the month, the petroleum firm evaluations the costs of issues like LPG gasoline, oil and many others. In such a state of affairs, it will possibly have an effect on frequent folks. But aside from this, there are lots of different issues that are going to alter from 1st November.
Change in practice ticket reserving guidelines
There goes to be a change within the guidelines of advance practice ticket reserving from 1st November. However, that is excellent news for the frequent folks. Because now railway passengers won’t have to attend for 120 days for ticket reserving. Now you possibly can e-book your journey ticket solely 60 days earlier than travelling. This implies that now advance reserving of tickets will be finished solely 60 days upfront as a substitute of 120 days.
Change in cash switch guidelines
Reserve Bank of India (RBI) has modified the foundations of DMT i.e. Domestic Money Transfer. Under the brand new rule, cash switch banks shall be required to keep up data of the names and addresses of beneficiaries for money cost providers. This requirement has been applied to boost id verification measures and successfully cut back the dangers related to potential fraudulent actions. Now this rule will come into impact from November 1.
Changes in mutual fund guidelines
SEBI goes to implement new guidelines to additional tighten the foundations of Mutual Funds. Now from November 1, AMCs must inform the Compliance Officer about transactions of greater than Rs 15 lakh by their nominees or family. This rule will enhance transparency in mutual funds.
Changes in SBI bank card guidelines
Some guidelines for bank card clients of State Bank of India are going to alter from November 1. Now from November 1, the month-to-month finance cost on unsecured SBI bank card shall be 3.75%. Additionally, there shall be a 1% cost on funds above Rs 50,000 for utilities like electrical energy and gasoline. That means cash goes to exit of your pocket.
Changes in guidelines associated to telecom
There goes to be a change within the guidelines within the telecom sector additionally from November 1. Under this, the federal government has instructed all telecom firms together with JIO, Airtel to implement message traceability. Under this, telecom firms have been ordered to dam spam numbers. In such a state of affairs, firms can block the quantity by placing the message within the spam listing even earlier than the message reaches their SIM customers.
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