- By Shivam Shandilya
- Thu, 31 Oct 2024 06:44 PM (IST)
- Source:JND
As November is set to enter in a few hours, there are several financial changes that will take place from tomorrow onwards (November 1, 2024), such as the RBI's new rule for domestic money transfers (DMT), credit card changes, and LPG cylinder prices, reports HT, quoting the NDTV report.
New Domestic Transfer Rule Of RBI
The Reserve Bank of India (RBI) announced a new Domestic Money Transfer (DMT) that will come into effect from November 1. "There has been a significant increase in the availability of banking outlets, developments in payment systems for fund transfers, and ease in fulfilling KYC requirements etc,” the RBI wrote in a July 2024 circular.
According to the RBI, the users have multiple digital options for fund transfers.
SBI Credit Card Change
SBI Card, which is a subsidiary of the State Bank of India, will be introducing new changes wherein unsecured SBI credit cards, finance charges will increase to 3.75% per month. One percent of the feewill specifically be applied from December 1, 2024. will be applied if the total amount of utility payments in a billing period exceeds Rs. 50,000. It will specifically be applied from December 1, 2024.
Special FD deadline of Indian Bank
The FD of Indian Bank can be only invested in by November 30, 2024, as it is the last date. The rates of interest are 7.05% for the general public, 7.55% for seniors, and 7.80% for super senior citizens on Ind Super 300 Days. The bank will also offer a 7.25% interest rate for the general public, 7.75% for seniors, and 8.00% for super senior citizens. It will be applicable for 400 days.
Indian Railway Changes
The railway has announced that it would reduce the current time limit for advance train ticket booking, with passengers being able to only book 60-day tickets in advance as compared to 120 days previously. It is exclusive of the departure day. It will come into effect on November 1, 2024. The passengers who have booked their tickets won't be impacted.
Updated On LPG cylinder
The rate of the LPG cylinder will be revised from tomorrow. It will affect both domestic consumers and businesses.
New TRAI Rule
The telecom companies will roll out the message traceability as part of new regulations to check spam and fraud. Soon after the implementation, the transactional and promotional messages will be monitored and tracked.