Many changes are going to take place or come into effect from Thursday, July 1, 2021, in different sectors. But, are you aware of these changes and how it will impact you?

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You can know that some of the changes will directly impact your pocket as now you will have pay more for availing certain services.

 

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Here is a list of some of the big changes that will come into effect from July 1:

1. Withdrawing money from IDBI and SBI Bank is going to be expensive.

2. New rules on SBI Basic Savings Account, Deposit Account.

3. Only 4 times withdrawal of money from ATM or bank branch will be free.

4. Rs 15 and GST will have to be paid for withdrawing cash after 4 times.

5. Changes in IDBI Bank's Check Book Charges, Savings Account Charges and Locker Charges

6. Syndicate Bank customers will now have to get the new IFSC code for their bank branch

7. IFSC Code of Syndicate Bank customers will be on the lines of Canara Bank code.

8. Axis Bank will charge 27 paise per SMS to a maximum of Rs 25 per month.

9. There will be no charges for OTP authentication and promotional messages from the bank.

10. If you have not filed income tax return for 2 years then 5 percent TDS will be charged, earlier TDS was 0.10 percent.

11. Higher rate of TDS will be charged if deduction exceeds 50,000 for 2 years.

12. Now there is no need to visit RTO for learning licence.

13. Test can also be given from home on online application.

14. Registered driving school certificate will be valid for permanent licence.