LPG cylinder price, FASTag, petrol, diesel rates, SC 'no' to WhatsApp to SBI norm—Rules changing from March 1
Today, March 1, there are several financial rules that have changed. These things can affect your day-to-day life.
From LPG cylinder price, petrol, diesel prices, mandatory KYC for SBI customers to Punjab National Bank (PNB) IFSC code, there are many rules that are achanging from March 1. Let's look at these rules
LPG gas cylinder price
Gas cylinder prices are revised by Oil Marketing Companies (OMCs) on the first day of every month. OMCs announce new rates of cooking gas cylinders at the beginning of the month. In The rates of LPG gas cylinder, however in February, were revised thrice amid surging crude oil prices. Meanwhile, LPG cylinder price was once again hiked by Rs 25 on March 1, taking the new price of 14.2 kg household gas cylinder in the Natinal Capital to Rs 819. Source: PTI
Mandatory KYC for SBI customers
Petrol, diesel prices
Petrol and diesel prices have shattered all limits, burning holes in common man's pocket. It has been increased around 15 times or more in February alone. However, it appears that common man might see some relief in March. Union Minister Dharmendra Pradhan has hinted the price will decrease in the country as the winter season ends. “Increase in petroleum price in international market has affected consumers too. Prices will come down a little as winter goes away. It is an international matter, price is high due to increase in demand, it happens in winter. It will come down as the season ends,” he said. Source: PTI
No free FASTag at toll plazas
IFSC Code of PNB also to change after merger
Punjab National Bank (PNB) is also making changes in the rules related to IFSC. Punjab National Bank is going to change the old checkbook and IFSC or MICR code of its associate banks Oriental Bank and United Bank of India. Although the old codes will work till March 31, but the bank has told its customers to get new codes or else there may be problems later. Source: PTI
Supreme Court not to use WhatsApp
Supreme Court not to use WhatsApp
The Supreme Court will no longer use WhatsApp groups to share video conference links for court hearings, the apex court registry said on Saturday. In a circular, the registry said that instead of WhatsApp, the links for virtual court hearings in the apex court will be shared on registered email ids and registered mobile numbers of the concerned advocates-on-record and party-in-person. It said the VC links shall be shared "w.e.f. March 1, 2021 through registered email ids as well as by SMS on registered mobile numbers of the Ld. Advocates-on-Record / Party-in-Persons. Source: Reuters
Change in IFSC Code of Vijaya and Dena Banks
As Vijaya Bank and Dena Bank have been merged into Bank of Baroda, the IFSC codes of both banks will be changed from March 1, 2021. Now, you will no longer be able to transact with the old IFSC code. According to BoB, customers can get cheque books with the new MICR code by 31 March 2021. Source: Reuters
Special trains
Many special trains will be operated by Indian Railways, especially in the wake of Holi festival. Media reports suggest that passengers travelling from Uttar Pradesh and Bihar will get the maximum relief. Apart from this, Western Railway has decided to run 11 pairs, i.e., 22 new special trains on different routes. These trains will run between several routes, including Delhi, Madhya Pradesh, Mumbai. Some trains have started operating in it. At the same time, some trains will be operational from 1 March 2021. Source: PTI