October is coming to an end and November is about to begin. Like every month, November brings a number of big changes (rule changes starting November 1st). These changes will take effect from day one and will affect every pocket. While the price of LPG cylinders may change, so will the rules for credit cards. Let’s take a look at six major changes…
First change – LPG cylinder prices
On the first of every month, oil companies change gas cylinder prices (LPG Cylinder Price) and publish new rates. This time, its price may also be adjusted on November 1. This time it is expected that the price of 14kg liquefied petroleum gas cylinders, which has been stable for a long time, will fall. In terms of commercial gas cylinder prices, the price of 19kg liquefied petroleum gas cylinders fell in July, but then increased for three consecutive months. During this period, the price of a cylinder has increased by Rs 94. On October 1, commercial cylinder prices in Delhi increased by Rs 48.50.
Second change – ATF and CNG-PNG ratio
On the one hand, oil marketing companies adjust the prices of LPG cylinders on the first of every month. At the same time, in addition to CNG-PNG, the prices of air turbine fuel (ATF) are also adjusted accordingly. Air fuel prices have dropped over the past few months, and the holiday gift of this price cut is also something to look forward to. In addition, the prices of CNG and PNG have also seen major changes.
Third Change – SBI Credit Card Rules
Now let’s talk about the third change implemented in the country from November 1, and this relates to the country’s largest government bank. In fact, SBI Card, a subsidiary of State Bank of India (SBI), will implement major changes from November 1 regarding payment of utility bills and finance charges through credit cards. If we take a closer look at the credit card rule changes, you will have to pay a finance charge of Rs 3.75 per month on unsecured SBI credit card from November 1. Apart from this, an additional charge of 1% is payable on charges of electricity, water, LPG and other utility services exceeding Rs 50,000.
The Fourth Change—Mutual Fund Rules
Market regulator SEBI is all set to tighten insider trading rules in mutual funds with effect from November 1. In fact, as per the new internal rules to be implemented for mutual fund units, nominees and their close relatives will now not be allowed to invest more than Rs 15 lakh in funds of asset management companies (AMCs). Information about transactions must be provided to the Compliance Officer.
The fifth change—TRAI’s new rules
The fifth change in the list of major changes taking place from November 1 relates to the telecommunications industry, the first date on which these new rules can come into effect. In fact, the government has directed all telecom companies including JIO and Airtel to implement message traceability. Under the regulation, telecom companies have been ordered to block spam numbers. In this case, the company can even block the number by putting the message on a spam list before it reaches its SIM card user.
The sixth change – cannot work in the bank for 13 days
Banks will be closed several times in November due to festivals and public holidays as well as parliamentary elections. There are 13 bank holidays in November. Let us know under what circumstances banks will remain closed. During bank holidays, you can use your bank’s online services to complete banking-related tasks and transactions. The service operates 24 hours a day, 7 days a week.
