June is coming to an end and July will begin next week. Although this month is important due to the ITR (Income Tax Return) and Union Budget, however, many financial rules will change from July 1. We inform you that LPG cylinder prices are updated on the first day of every month. Besides, the rates of CNG and PNG have also been revised. Let's find out which financial rules are going to change from July 1, 2024.
LPG Cylinder Price - LPG cylinder price is updated on the 1st of every month. Oil companies reduced the price of commercial cylinders on May 1. Now we have to see if the cylinder price is reduced or increased on July 1.
Indian Bank Special FD -Indian Bank is running a special FD for its customers. The duration of this FD is 300 and 400 days. According to the official website of the Indian Bank, these FDs are named Ind Super 400 and Ind Supreme 300 days. The last date to invest in this FD is 30 June 2024. Let us inform you that this is a callable FD, which means that you can withdraw money whenever you want. General citizens get 7.25 per cent interest, senior citizens get 7.75 per cent and super senior citizens get 8.00 per cent interest on this FD.
Punjab & Sindh Bank Special FD - The last date of investment in Punjab & Sindh Bank Special FD Scheme is 30th June 2024. These FDs have tenors of 222 days, 333 days and 444 days. A maximum interest rate of .05 per cent is available on this FD.
Credit Card Bill Payment - The Reserve Bank of India (RBI) has issued a new regulation regarding credit card bill payment. This rule will come into effect from July 1, 2024. As per the new rules, the credit card bill payment process will change. Fintech platforms like PhonePe, Cred, BillDesk and Infibeam Avenues will be directly affected by this change
RBI has directed all banks that from July 1, 2024, all credit card payments should be made through the Bharat Bill Payment System (BBPS).
