Banking New Rules to change from 1st August
As per Reserve Bank of India these new Banking rules will change from 1st August, are you ready?
Extra Fees for Withdrawing Cash over the Prescribed Limit
Banking Rules to change from 1st August: These rules of banks are getting to change from 1st August. there'll be a fee for withdrawing over and above the prescribed limit from ATM.
Banking Rules to change from 1st August: The common person, who is already troubled by the impact of inflation, goes to face another shocks of inflation. From August 1, the principles of money withdrawal and check book are getting to change, which can become costlier . Now people will need to pay extra money for these services. If you withdraw money from the ATM over the prescribed limit, then you'll need to pay a fee for that. If the transaction fails, then you'll need to buy that too. ATM holders will now need to pay extra money on cash withdrawal than before. ICICI Bank has informed its customers about this
Extra Charges for Ordering Subsequent Cheque Book
From August 1, no fee will need to be purchased a check book of 25 pages. After this a further fee of Rupees 20 will need to be paid. this may be applicable every 10 pages.
Other Banking New Rules to change from 1st August
- There will be no fee for doing 4 transactions during a month.
- For transactions above this, a fee of Rupees 150 will need to be paid.
- From August 1, cash transactions of up to Rupees 1 lakh are often done from your bank's home branch.
- For transactions above this, you'll need to pay a fee of Rupees 5 per thousand. a minimum of 150 rupees need to be paid.
- 25 thousand rupees are going to be free each day from non-home branch. For transactions above this, a fee of Rupees 5 will need to be paid per thousand.
- Customer charges also will increase
- The transaction fee for customers is Rupees 20, which has been increased to Rupees 21 from January 1, 2022. For this, RBI has given exemption to banks. The date of 1 January 2022 has been fixed for its implementation.
ICICI Bank's New Rules and information to customers
ICICI Bank has already informed its customers. This information has been given regarding the transaction of ATM. These revised charges also will be applicable to the salary account holders including domestic bank account holders.
RBI Revised Banking Rules
RBI Revised Banking Rules: National Automated Clearing House (NACH) Services to be Available 24x7 from 1 August
RBI: Till now, National Automated Clearing House (NACH) services were available only on working days.
These important rules associated with your standard of living will change from 1st August 2021, know detailed information and new rules
The reserve bank of India (RBI) has announced that the bulk payment National Automated Clearing House (NACH) are going to be available on all days of the week from 1 August 2021.
This payment system used for important transfers like pension, subsidy, salary etc. was available only on working days till now. However, the same will be used on all seven days of the week from 1 August.
These bulk payments are facilitated by National Automated Clearing House (NACH). The change in rules means you'll not need to wait for a working day to receive your salary, pension or to process any bulk and important transactions.
"Effective 1 August 2021 all the sessions that are currently available on normal working days are going to be operational on all days including week end and other holidays," reads the official notice released by RBI.
New Banking Rules
These important rules associated with your standard of living will change from 1st August 2021, know the detailed information and new rules
There are a couple of rules that are getting to change from 1st August 2021, and should directly affect you. Well, it must be noted that the ICICI Bank and therefore the reserve bank of India (RBI) have changes a couple of of their rules with effect from 1st August 2021.
So, let’s realize the new rules within the article below.
ICICI Bank rules change:
The country’s largest private bank ICICI Bank has changed a number of its rules, according to which withdrawing cash from ATM will cost you extra money than before.
As per the new rules, the ICICI Bank provides 4 free ATM transactions of withdrawing cash monthly to a daily saving bank account holder. But, as per the revised rules now, you'll need to pay a sum of Rupees 150 on every transaction after you've got completed your first four free transactions.
Also, a customer can only withdraw a sum of Rupees 1,00,000 from their home branch, and withdrawing over will charge you Rupees 5 for each Rupees 1,000.
Moreover, withdrawing cash from the other branch, and not your home branch will allow you to withdraw Rupees 25,000 during a day. While withdrawing more cash than this prescribed limit will charge you Rupees 5 for withdrawing every Rupees 1,000.
A checkbook of 25 pages are going to be provided by the ICICI Bank to its customers for free of charge and followed by this, a replacement checkbook of 10 pages will cost you Rupees 20 whenever you place a subsequent order for cheque book.
Also, from 1st August 2021, the new price for LPG commercial cylinder and domestic cylinder are going to be determined.
Moreover, from now onwards, no Salary, Pension, Dividend, or Interest income are going to be stalled on Sundays or the other legal holiday , which suggests that your income are going to be credited on the date decided itself albeit there's a legal holiday or Sunday on the particular date.'
It must be noted that the reserve bank of India (RBI) has announced that the National Automated Clearing House (NACH) will now be available on the seven days of every week
What is the Solution to Avoid Levying of Extra Charges by Banks?
NPCI has introduced AEPS (AADHAAR Enabled Payment System) through various Common Service Centers. In order to further speed track Financial Inclusion within the country, Government of India has provided Aadhaar based financial transactions
The only inputs required for a customer to try to to a transaction under this scenario are:-
- Bank Name
- Aadhaar Number
- Fingerprint captured during enrollment.
Objectives of AADHAAR Enabled Payment System through CSC
- To empower a bank customer to use Aadhaar as his/her identity to access his/ her respective Aadhaar enabled saving bank account and perform basic banking transactions like cash deposit, cash withdrawal, Intrabank or interbank fund transfer, balance enquiry and acquire a mini statement through a Business Correspondent
- To sub-serve the goal of government of India (Government of India) and reserve bank of India (RBI) in furthering Financial Inclusion.
- To sub-serve the goal of Reserve Bank of India (RBI) in electronification of retail payments.
- To enable banks to route the Aadhaar initiated interbank transactions through a central switching and clearing agency.
- To facilitate disbursements of government entitlements like NREGA, Social Security pension, Handicapped old age Pension etc. of any Central or state government bodies, using Aadhaar and authentication thereof as supported by Unique Identification Authority of India (UIDAI).
- To facilitate inter-operability across banks in a very safe and secured manner.
- To build the inspiration for a full range of Aadhaar enabled Banking services.
Banking Services Offered by AEPS at various CSC Centers across the Country
- Cash Deposit
- Cash Withdrawal
- Balance Enquiry
- Mini Statement
- Aadhaar to Aadhaar Fund Transfer
- Authentication
- BHIM Aadhaar Pay
Where to find a CSC Centre in Sonipat to avail AEPS Banking Services
Please visit Shahpur Turk CSC, Near Govt School, VPO Shahpur Turk, Sonipat to avail any common online Services or other E-governance service explained here:-- AEPS Banking Services at Shahpur Turk CSC
- CSC Centers - Shahpur Turk CSC Sonipat Services
- Apply Online PAN Card Application through CSC
- PAN through CSC
- Insurance Motor, Insurance Health, Insurance Life, Insurance cattle, Insurance property, Insurance Fire, Insurance personal accident
- AADHAAR Enabled Payment System (AEPS)
- PAN Card application immediately
- Passport Assistance Services
- Premium Collection Services of Insurance Companies like LIC, SBI, ICICI Prudential, AVIVA DHFL and Others
- E-Nagrik & E- District Services {Birth / Death Certificate etc.}
- Pension Services
- NIELIT Services
- Aadhar Printing and Enrollment
- PAN Card
- Electoral Services
- Voter Card
- Ration Card
- E-Courts and Results Services
- State Electricity and Water Bill Collection Services
- IRCTC, Air and Bus Ticket Services
- Mobile and DTH Recharge
- English Speaking Course
- Agriculture Kisan Services
- CSC Bazaar
- E-Learning
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