March 1 Rules Change Alert: These big changes will impact you

Rules Changes from March 1: With the beginning of the new month from tomorrow, several new rules are set to kick in. These new rules will result in several changes that will have an impact on everyone - from the common man to businessmen. Some of the important changes are related to CNG and LPG prices, bank loan interest rates, social media, etc.

Here's a list of 6 big changes that will come into effect from March 1:

New portal for social media complaints

The Government has launched the Grievance Appeal System for complaints on social media which is coming into force tomorrow. Information Technology Minister Rajeev Chandrasekhar launched the portal on Tuesday. This portal will look into the appeals of users against the decisions of social media platforms.

Bank loan interest rate to get costlier

RBI increased the repo rate in February, after which many banks have already increased their MCLR rates. Now Bandhan Bank has made its loan costlier with effect from 28 February. Apart from this, HDFC and Punjab National Bank have also increased the lending rate. Now from March 1, loans are set to become costlier.

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LPG, CNG and PNG prices will be revised

The prices of LPG cylinders, CNG and PNG are revised on the 1st of every month. However, there was no change in the price of domestic gas cylinders in February.

Bank Service will be Restricted in March

Banks will remain closed for 12 days in the month of March. This includes the second and fourth Saturdays, all Sundays, and big festivals like Holi, Navratri and Ram Navami. Due to this bank services will be restricted. However, customers are unlikely to face any issues as most of the bank's services are available online.

IPO to kick off on March 1

The initial public offering of Divgi TorqTransfer Systems, an automotive component manufacturer, will open for public subscription on March 1. The three-day initial public offering (IPO) will conclude on March 3.

Train Timetable

There are chances that the Indian Railways will revise its timetable in the wake of summer. According to reports, the timetable of several passenger trains and 5,000 goods trains are likely to be revised from March 1.

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