EPF, from banking to LPG cylinders: these big changes are taking effect today, August 1, it is very important for you to know

Today, from August 1, not only will the Corona Unlock 3.0 guidelines be implemented, but many such changes are taking place, which are directly related to the general public. Bank accounts are changing from EPF to LPG etc., the impact of which is entirely decided on you. So tell us what you need to take care of in the Corona era from today
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Today, from August 1, not only will the Corona Unlock 3.0 guidelines be implemented, but many such changes are taking place, which are directly related to the general public. Bank accounts are changing from EPF to LPG etc., the impact of which is entirely decided on you. So tell us what you need to take care of in the Corona era from today

EPF will be cut by 12 percent from today

Today, from August 1, the EPF will be reduced by 12 percent. The discount limit under the Swanirvar Bharat package is coming to an end today. Under the package, the Modi government has reduced the monthly contribution of the EPF from 24 per cent to 20 per cent. Announcing this in May, Finance Minister Nirmala Sitharaman said that due to the lockdown, business and employee contributions have been reduced from 24 per cent to 20 per cent for May, June and July 2020.

Fee for the minimum balance in the account

If you are going to do any work related to banking, know this information. The rules regarding the minimum balance limit in many banks are going to change from August 1. It is believed that this change is going to happen in the banking rules of Bank of Maharashtra, Axis Bank and Kotak Mahindra Bank. At the same time, some banks are preparing to levy charges on cash withdrawals.

LPG price change

The price of cooking gas has changed i.e. LPG cylinders on the first day of every month. Prices have been rising steadily for the last two months. LPG prices will go up or down in August, it will probably be known today

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The Prime Minister’s farmer’s installment will come

Under the Prime Minister’s Kisan Yojana, the government is going to send the sixth installment of Tk 2,000 to the farmers’ bank accounts from August 1. Since the inception of the project, the government has provided cash benefits to 9.85 crore farmers in the country. In one year, under this scheme, Rs.

There will be relief in buying insurance for vehicles and bikes

The rules for car and bike insurance are set to change from August 1. As per IRDA guidelines, when buying a car from August 1, it will not be necessary to take a third year cover for the car and three years for the bike. After this relief, new car buyers will be relieved. They will be able to buy cars by paying the price.

New rules for e-commerce companies

From August 1, e-commerce companies will need to know where the product they are selling will be made. This has been done by bringing e-commerce companies to the new consumer Kannu. This will help in the promotion of domestic products.

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