While third party insurance of vehicles has become expensive from June 1, the sale of gold jewelery and artefacts without hallmarking has also been banned in the country. Now taking home loan from SBI has also become expensive.
The new month has started from today. With this, some changes related to banking and insurance have also been implemented. If you are a customer of SBI, Union Bank of India and American Express Bank or a vehicle owner, then these changes will have a direct impact on your pocket.
The home loan interest rate of the country’s largest bank State Bank of India has now increased. SBI has increased its home loan external benchmark lending rate (EBLR) by 40 basis points to 7.05 per cent. Whereas RLLR will be 6.65 per cent plus CRP.
Union Bank of India customers will get more interest
Union Bank of India has also changed the interest rates of savings account from June 1. The bank will now pay interest at the rate of 2.75 percent per annum to the account holder who maintains a balance of Rs 50 lakh. Similarly, the bank will pay interest at the rate of 2.90 per cent per annum on deposits ranging from Rs 50 lakh to Rs 100 crore. On the amount above this, the bank will pay interest at the rate of 3.1 percent to 3.55 percent per annum.
American credit card holder will have to pay charge
American credit card holder will now have to pay an additional charge for converting any purchase into EMI. 99 rupees and tax has started levying on Point of Sale EMI transactions from June 1. These charges are applicable on online and in person transactions. If customers convert large purchases into EMIs, they will have to pay interest at the rate of 14 per cent per annum.
Third party insurance has become expensive
From today if you get third party insurance of the vehicle, then you will have to pay more premium. Now a four-wheeler with an engine capacity of less than 1,000 cc will have to pay a premium of Rs 2,094 as against Rs 2,072 earlier.
The third party insurance premium for cars with 1000 to 1500 cc engine has increased by six percent. Now Rs 3,416 will have to be paid for this. The insurance premium of 75 cc bike has increased by 11 percent, then the premium of 150 to 350 cc bike has increased from Rs 1193 to Rs 1366.
Axis Bank increased the minimum balance amount
From today in semi urban and rural areas, the limit of average minimum balance amount in savings account has been increased from Rs 15,000 to Rs 25,000 or Rs 1 lakh term deposit. There itself. This limit has been increased from Rs 15,000 to Rs 25,000 for Liberty Savings Account or Rs 25,000 for debit card.
AEPS charges applicable in IPPB Bank
India Post Payments Bank ie IPPB has announced to introduce issuer fee for Aadhaar Enabled Payment System (AEPS). Three EPS will be free of cost every month. Thereafter, there will be a charge on the transaction.
These charges will be applicable from 15th June 2022. In this, every cash withdrawal or cash deposit after free transaction will attract Rs 20 plus GST. 5 rupees plus GST will have to be paid on the mini statement transaction.
Now only pure gold
will be sold , the second phase of mandatory hallmarking has been implemented from June 1, 2022. In addition to the 256 districts covered in the first phase, the hallmarking of gold ornaments/artifacts has been made completely mandatory in 32 new districts in the second phase. In these 288 districts, only 14, 18, 20, 22, 23 and 24 carat gold jewelery and artefacts will be sold with hallmarking compulsorily.
Higher Penalty for PAN-Aadhaar Link The
Central Board of Direct Taxes had fixed March 31 as the deadline for linking PAN with Aadhaar. After this, those whose PAN is not linked with Aadhaar, they have to pay more penalty. For linking PAN with Aadhaar by June 30, Rs 500 will have to be paid. After June 30, this amount will increase to Rs 1000.
