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Friday, June 25, 2021

Since July 1, 2021, there have been a number of major changes

Since July 1, 2021, there have been a number of major changes

which the service charge on basic savings bank deposit (BSBD) of SBI, the country's largest government bank, is changing.  At the same time, the rule of driving license is also changing.  The price of LPG cylinders will also be revised.

 Taxes have also changed.

 Then we will see in detail here what will change from 1st July.
 State Bank rule changed
 The new service charge will be applicable for SBI account holders from July 1, 2021, SBP said.  The change in charge will also be for ATM withdrawals, check books, money transfers and other transactions.  SBI has kept these accounts free from the problem of minimum balance i.e. the minimum balance is zero.  Account holders get Rupay ATM cum Debit Card

 Where will the charge be?
 All these charges will be applicable from 1st July 2021.  There will be a charge for 4 free cash withdrawals after this date.  The important thing is that the transaction from both the branch and the ATM will be considered together.  This way the transaction is free 4 times a month, whether from a bank or an ATM.  Rs 15 + GST ​​will have to be paid on cash withdrawal.

 Required update for Canara Bank customers
 Syndicate bank has merged with Canara Bank and its banking details are about to change.  Canara Bank said, “The IFSC code of the former Syndicate Bank branches will be changed from July 1, 2021.  Customers will have to use the new Canara IFSC code to withdraw funds based on NEFT / RTGS / IMPS, Canara Bank said.

 LPG Rates Revision
 LPG Rates are revised every fortnight.  Oil companies review LPG rates and adjust them as needed.

 Taxation: Dispute-to-trust scheme
 The government has extended the deadline for payment under its direct tax dispute resolution scheme 'Vivad Se Vishwas scheme' by two months to June 30 due to the Koro epidemic.  According to the CBDT, the time to pay the arrears under the Direct Tax Disputes Trust Act, 2020, without any additional amount, has been extended to June 30, 2021.  Pending cases can also be settled by paying 100 per cent of the disputed tax and 25 per cent of the disputed penalty or interest or fee.

 Driving license now sitting at home
 No need to go to RTO office to create a learning license.  A person can create his own learning license while sitting at home.  The new arrangement will start from July 1.  The government's plan was to abolish the system of creating learning licenses.  Permanent driving licenses are issued after the drivers have been fully trained.  This requires amendments to the Central Motor Vehicles Act.  Researching it is not easy.  So, the government has come up with a plan to get rid of the learning license holders by going to the RTO office.

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