Big Changes To Applicable From 1st May 2022 Which Will Affect Your Pocket

The month of April 2022 is ending. Tomorrow i.e. from Sunday the new month is going to start. The new month is also bringing some changes with it. There are going to be some changes from May 1, 2022, which will directly affect your pocket.

1.) Tax will be collected on Purvanchal Expressway

Toll tax will be levied from May 1 on the 340 km long Purvanchal Expressway connecting Ghazipur to Uttar Pradesh capital Lucknow. That is, now the journey of this expressway is going to be expensive. According to media reports, toll tax will be charged at the rate of Rs 2.45 per km on Purvanchal Expressway.

2.) The banks will be closed for the first four days

Before settling the business related to the banks, check whether the bank is closed in your area. Banks will remain closed from May 1 to May 4. However, these holidays may vary from place to place.

Read This Also: List Of Bank Holidays in May 2022

3.) Cylinder can be expensive

Oil companies review the price of cylinder on the first date of every month. Last time the price was increased by Rs 50 per cylinder. This time too, on May 1, the prices of LPG cylinders may increase.

4.) UPI payment limit increased in IPO

If you are a retail investor and pay through UPI to invest in IPO of any company, then SEBI has given you relief. Now you can submit bids up to Rs 5 lakh. Till now its limit was fixed at Rs 2 lakh. This new payment limit will be applicable in the IPO coming after May 1.