LPG cylinder price, petrol, diesel prices to this SBI norm - 5 rules that changed from today - March 1, 2021

Today, March 1 and 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, as many as five rules are changing from March 1. Let's look at these rules

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1 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.

2 Mandatory KYC for SBI customers
The state Bank of India (SBI) has made KYC mandatory for its customers, beginning March 1. India's largest lender has asked its customers to get their KYC done in order to keep their accounts active and not face any problem with their transaction.

3 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.

4 No free FASTag at toll plazas  
Now, customers will have to pay Rs 100 to purchase a FASTag from toll plazas from March 1.  The National Highway Authority of India (NHAI) has said that there will be no free FASTag for car owners from March 1.

5 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.