Changes to several rules will come into effect from August 1. Details here

Jul 31, 2022
Changes to several rules will come into effect from August 1. Details here

Any replace made by banks and different establishments to any of their respective tips usually comes into power from the primary day of the approaching month.

From Monday, August 1, adjustments made to some essential guidelines will come into impact. These guidelines have direct bearings on the frequent man’s pocket, and, due to this fact, you will need to know what these adjustments are.

Any replace made by banks and different establishments to any of their respective tips usually comes into power from the primary day of the approaching month. From August 1, the next tips will come into impact in up to date type:

(1.) Financial institution of Baroda cheque fee system: From tomorrow, as instructed by the Reserve Financial institution of India (RBI), Financial institution of Baroda (BoB) will implement ‘Constructive Pay System’ for cheques to be issued for 5 lakh or above. This entails re-confirmation of key particulars of the cheque by the drawer the financial institution, which might be cross-checked with the offered cheque when processing the fee.

(2.) KYC for PM Kisan: For comfort of farmers, the deadline for e-KYC (Know Your Buyer) for the Prime Minister Kisan Samman Nidhi Yojana (PMKSNY) was prolonged from Could 31 to July 31. From tomorrow, KYC won’t be allowed.

(3.) Registration for PMFBY: Registrations for the Prime Minister Fasal Beema Yojana (PMFBY) will finish as we speak. Those that miss out on registrations will be unable to avail this plan. Registration will be carried out both on-line of offline.

(4.) LPG charges: On the primary of every months, liquefied petroleum gasoline (LPG) costs are revised. Final time, costs of economic gasoline cylinder had been diminished, whereas these for home cylinders had been hiked.

(5.) ITR return submitting: July 31 is the deadline to submit revenue tax returns for monetary 12 months 2021-22 and educational 12 months 2022-23. A fine-cum-late charge will likely be charged from August 1 for belated submitting of ITRs, except the federal government extends the due date, which it’s unlikely to do.



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