Changes in bank rules
Yes Bank is revising the minimum average balance required to be maintained in different types of its savings bank accounts. From May 1, 2024, the minimum balance in savings accounts Pro Plus, Yes Essence SA, Yes Respect SA will be increased to ₹25,000. Meanwhile, the minimum average balance in Account Pro Max will be ₹ 50,000.

News for ICICI Bank customers:
The private sector bank has changed the service charges related to its savings account. The annual debit card fee has been reduced to ₹ 200 in urban areas and ₹ 99 in rural areas. Apart from this, customers will have to pay a fee (₹ 4 per cheque) for taking check books with more than 25 pages. Also, the transaction amount of IMPS has been fixed between ₹ 2.50 to ₹ 15 per transaction.

Credit Card Fees
IDFC and Yes Bank have announced that they will charge 1 percent GST for utility bill payments. While the limit for Yes Bank customers is ₹ 15,000, IDFC has increased it to ₹ 20,000 in a single billing cycle. The new charges will be applicable from May 1.

Price of LPG Gas Cylinder:
The price of these cylinders is declared on the first of every month and is decided by the oil marketing companies. The prices of 14 kg domestic and 19 kg commercial cylinders are fixed. In March 2024, a few days before the announcement of the election schedule, the central government had cut the price of LPG cylinder by Rs 100.

Will Indians be affected by this decision of Canada?
On March 21, Immigration, Refugees and Citizenship Canada announced changes to its Temporary Foreign Worker Program, as part of a review of immigration policies. Effective May 1, 2024, the Labor Market Impact Assessment (LMIA) will be valid for a period of six months, resulting in a reduction in the period for foreign nationals to apply for a work permit. Additionally, the threshold for low-wage temporary foreign workers in some sectors will be reduced from 30 percent to 20 percent.

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The post Money Rules Changing: These rules which directly impact your pocket are changing from next month. first appeared on Rightsofemployees.com.

Financial Rules Changing from 1 May 2024: The month of April is about to end. In such a situation, with the beginning of the new month, many rules related to banks will change, which will directly impact the pockets of common people.

HDFC Bank has extended the deadline for its Special Senior Care FD to May 10. By investing in this 5 to 10 year FD, senior citizens are getting the benefit of additional 0.75 percent interest rate.

ICICI Bank has changed many types of charges related to its savings account. This includes many charges ranging from debit card to check book, IMPS etc. The new charges will be applicable from May 1, 2024.

Yes Bank has also revised the charges of its savings account. The new charges by the bank will be implemented from May 1, 2024.

Yes Bank has changed the rules of its private credit card. Now you will have to pay 1 percent GST on payment of utility bill of Rs 15,000 through private credit card of the bank. The new rules will come into effect from May 1, 2024.

IDFC First Bank has also changed the rules related to its credit card. Now customers will have to pay one percent additional GST on payment of utility bills of more than Rs 20,000 through the bank’s credit card. This surcharge is in addition to 18 percent GST.

The prices of LPG gas cylinders can also be changed on May 1.

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The post Money Rules Changing: These rules which will directly affect your pocket are changing from next month. first appeared on Rightsofemployees.com.