Home Economy These four major changes are happening from December 1, inflation may hit

These four major changes are happening from December 1, inflation may hit

by News Monks

Many changes are going to happen in the country from December 1, which will directly affect the life of the common man. If you do not know about this change, then after December.

1. when you face it, then there can be problems. Four changes are going to take place mainly from 1 December.

Now the advantage of 24 hours RTGS
From December 1, real time gross settlement (RTGS) facility will be available 24 * 7 hours for bank customers. The Reserve Bank of India has said that from December 1, 2020, RTGS transaction facility will be available for 24 hours. In the Corona period, online transactions have increased significantly.
Earlier, RBI also changed the rules of NEFT. NEFT facility is available 24 hours from December 2019. According to the current rules, funds can be transferred with the help of RTGS from 7 am to 6 pm on all working days of the month except the second and fourth Saturdays. Which will change from December 1, and this facility will be available 24 hours a day.

2. These new trains will run from December 1.

Due to the Corona crisis, the movement of trains on many routes is still not normal. But now the railways are starting to operate trains on many routes from December 1. Jhelum Express and Punjab Mail trains will be available for passengers from December 1. Railways said that both trains are being run under normal category. 01077/78 Pune-Jammu tavi Pune Jhelum Special and 02137/38 Mumbai Firozpur Punjab Mail Special will run daily.

3. Changes in PNB ATM withdrawal rules.

Punjab National Bank (PNB) has announced to change the cash withdrawal rules from December 1. According to the bank, the new rule will be quite secure. From December 1, PNB is going to implement one time password (OTP) based cash withdrawal facility. According to information given by PNB, cash withdrawal of more than Rs 10,000 at one time will now be OTP based.
In PNB Bank, this rule will be applicable between 8 pm and 8 am from 1 December. This means that PNB customers will need OTP to withdraw an amount of more than 10000 rupees in this time period. So customers take their mobile with them.

4. Gas cylinder prices may change.

Government oil companies review the prices of LPG cylinders on the first date of every month, that is, they consider raising and lowering the prices. In such a situation, it is possible that the prices of LPG cylinders can be changed on 1 December. In November, oil companies increased the price of commercial cylinders. Because the prices of crude oil are increasing continuously in the international market.

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