Many rules are changing from July 1, will have a direct impact on your pocket, know what is going to change

Important rules related to your life are going to change from July 1, which is going to have a direct impact on your pocket and household budget.

Rules To Change From 1st July

TDS will have to be paid double from July 1

The Income Tax Department has become very strict on those who do not file income tax returns. If you have not filed income tax return yet, then hurry up, otherwise TDS will be deducted twice from July 1. For this reason, the Income Tax Department has extended the due date for filing income tax returns from July 31 to September 30.

SBI rules are also changing

Many rules are going to change for the customers of State Bank of India (SBI) from July 1, 2021. After the implementation of the new rule, the use of ATM Cash Withdrawal and Check Book will be heavy on your pocket. The new charges will be applicable for Basic Savings Account Deposit (BSBD) account holders.

  • SBI BSBD account holders get 10 copies of checks in a financial year. Now charges will have to be paid on the check book containing 10 checks. For 10 check leaves, the bank will charge Rs 40 plus GST.
  • For 25 check leaves, the bank will charge Rs 75 plus GST.
  • On emergency check book, Rs 50 and GST will be charged for 10 leaves. Senior citizens will be exempted from the new service charges on check books.
  • SBI gives BSBD account holders the facility of four free cash withdrawal transactions. After the free limit is exhausted, the bank charges the customers. The bank charges Rs 15 plus GST for withdrawing cash from the branch or ATM.

IFSC of this bank will be changed from July 1

IFSC of Syndicate Bank will be disabled from 1st July 2021. Syndicate Bank has told customers that the IFSC of their branch will change after June 30. Explain that Syndicate Bank has merged with Canara Bank. Canara Bank has said that all IFSC codes starting with SYNB will not work from July 1.

IFSC Code of Canara Bank

Canara Bank is going to change the IFSC Code of Syndicate Bank from 1st July 2021. All Syndicate Bank customers have been asked to check the updated IFSC Code from their branch. On behalf of Canara Bank, it has been said that after the merger of Syndicate Bank, the IFC code of all branches has been changed. The bank has asked customers to update the IFSC code, otherwise the benefits of facilities like NEFT, RTGS and IMPS will not be available from July 1.

Gas Prices

On July 1, the new prices of LPG cylinders i.e. LPG will be released. Oil companies fix LPG prices on the 1st of every month. In July, it has to be seen whether the companies increase the prices of LPG and commercial cylinders.