New Rules from 1st July 2021

Hi friends, Today, we will see new rules from 1st July 2021 related to banks, gas cylinders,Jewellery, Driving license, ATM transactions, Small saving schemes of the central government.

Unique Identification of Jewellery

from 1st July, every jewellery will get a Unique Identification number. This will help to identify stolen jewellery. When you buy and sell jewellery, a unique identification number is verified. Now the government will know who is the real owner of the jewellery.
You can get information about the owner & seller of jewellery, details related to price & purity of jewellery using Unique Identification number.

Increase in price of vehicle

Price of Steel, aluminium, copper has increased. The price of most metals increases.  Spare parts of the vehicle are becoming costly. Car manufacturing companies will increase the price of vehicles. Car and bike manufacturers like Maruti, Mahindra and Mahindra, Hero MotoCorp will now increase the price of their four wheeler and bikes.

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Gas cylinder price

A 14.2kg domestic cylinder price will be Rs 834.50. LPG gas cylinder price is now increased by Rs. 25

Small saving scheme interest rate

Interest rate of the small Saving Scheme Central government is unchanged. Central government has schemes like public provident fund (PPF), Sukanya Samriddhi Yojana, national saving certificate, time deposits .See the interest rate of Small saving schemes.
Senior Citizen Savings Scheme (SCSS) = Interest Rate is 7.4% per annum.
Public Provident Fund (PPF) = 7.1%
Sukanya Samriddhi Yojana = 7.6%
National Savings Certificate = 6.8%
Post Office Monthly Income Scheme = 6.6%
Kisan Vikas Patra (KVP) = 6.9%

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Online application of Learning license

Now you can apply online for a learning licence. You can fill an online form and pay the fee .Now there is no need to visit the RTO office for the learning licence. People can take an online learning licence test at their home. Anyone can give a learning licence test using a phone , laptop ,ipad .The fee for an online learning licence is 200 rupees. You will get a learning licence at home by post.
You need to visit the RTO office for a driving skill test. For permanent licence, you need to visit RTO office.


New IFSC code

Syndicate Bank is going to merge with Canara Bank. So, the customers of the Syndicate Bank will get new IFSC code. IFSC code will change for Syndicate Bank IFSC code important for the online transaction. Customers may visit bank office for new IFSC code.

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Bank service charge

now there are new rules for ATM and cheque book holders. different banks like SBI ,IDBI have increased service charges for ATM and checkbook withdrawals. People can get only 4 free ATM TRANSACTIONS. After 4 transactions every transaction will need to pay a charge of 15 rupees. every customer will get a cheque book of 10 leaves. Customers will need to pay 40 rupees for extra 10 leaves. Banking service charges for most banks will increase from 1st July 2021.This ruleS will be applicable for all type of Saving bank accounts.

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Author of this article is “Pranav Divekar”.

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