Many financial rules are changing from May 1. This will have a direct impact on the pockets of common people. Paying with IDFC First Bank, Yes Bank, ICICI Bank credit cards will be expensive.
Actually, banks are imposing surcharge on these services. Also, credit card maintenance fees will increase. This means that keeping a credit card will also be costlier than before. Apart from this, the rules for airport lounge access through credit card are changing. There will also be a change in the prices of domestic gas cylinders (LPG).
Minimum 25 thousand rupees will have to be kept in savings account: According to Yes Bank website, there will be a change in the average deposit amount of savings account. The minimum average amount to be maintained in Pro Max account is Rs 50 thousand. The maximum fee has been fixed at Rs 1,000. Now a minimum of Rs 25 thousand will have to be kept in the savings account.
Paying bills with IDFC First Bank credit card will be expensive. Payment of phone, electricity, gas, internet service, cable service, water bills will be affected. However, this will not be applicable on First Private Credit Card, LIC Classic Credit Card, LIC Select Credit Card etc.
ICICI Bank changes service charge rules: ICICI Bank has changed the rules of service charges related to its savings account. Under this, for debit card, customers will have to pay Rs 200 in urban areas and Rs 99 in rural areas. Passbook fee will also be payable. A fee of Rs 4 will be charged for each cheque. Rs 100 will be charged for cancellation of demand draft or PO and Rs 2.50 per transaction for transfer of Rs 1,000 through IMPS.
Investment date extended in HDFC Bank scheme
Leading private sector bank HDFC Bank has extended the date for investment in the special fixed deposit (FD) scheme for senior citizens. Now investment can be made in it till May 10, 2024. This scheme was started in May 2020. In this, the elderly are given more interest on investments.
