There will be 9 major changes in India from July 1, take the time to avoid losses Know important 9 changes in India from 1 July 2021 Which will affect people

There will be 9 major changes in India from July 1, take the time to avoid losses Know important 9 changes in India from 1 July 2021 Which will affect people

From July 1, it will have a direct impact on the pockets of ordinary citizens. This is because from July 1, there will be major changes in banking and tax rules in the country. Buying cars and bikes is also going to be expensive.

There will be 9 big changes in India from July 1, take time to avoid losses

Mumbai: From July 1, it will have a direct impact on the pockets of ordinary citizens. This is because from July 1, there will be major changes in banking and tax rules in the country. Buying cars and bikes is also going to be expensive. So these new changes are now going to increase the burden on the general public, who have already broken the backbone of the corona. On the other hand, some of the changes are also a relief to ordinary citizens. This will save the labor and money of the citizens. These changes will have 9 important changes as follows (Know important 9 changes in India from 1 July 2021 Which will affect people).

1. State Bank of India

Basic Savings Bank Deposit (BSBD) account holders will now be able to use ATMs for free 4 times a month. After that, if you use an ATM, you will have to pay Rs 15 and GST for each transaction. You will also have to pay more for checkbooks.

2. IDBI Bank

IDBI Bank has changed its check leaf charge, savings account charge and locker charge from July 1. Account holders in semi-urban and rural areas will now be able to deposit money in the bank only 5 times. Previously this facility was available 7-10 times. Also, customers will now be given a free 20-page checkbook. After that you will have to pay Rs 5 for each check. Senior citizens will be given a discount on lockers only if they have an average monthly balance of Rs 10,000.

3. Increase or decrease in the price of LPG gas?

The price of LPG gas changes at the beginning of each month. Therefore, on July 1, everyone will be watching to see whether domestic cylinder gas will become cheaper or more expensive.

4. The interest on small savings will change

Interest on small savings will change from July 1. These include PPF, Sukanya Samrudhi Yojana, Kisan Vikas Patra, Senior Citizen Savings Scheme, National Savings Certificate, Monthly Income Scheme, Time Deposit and Recurring Deposit Scheme.

5. Maruti and Hero vehicles will become more expensive

The prices of Maruti and Hero vehicles are going to go up. The ex-showroom price of Hero’s bikes could go up by Rs 3,000.

6. TDS will be deducted on purchases above Rs. 50 lakhs

Section 194 of the Income-tax Act has been amended. Accordingly, 0.10 per cent TDS will be deducted on purchases above Rs 50 lakh. If one has a turnover of Rs 10 crore last year, he can buy more than Rs 50 lakh this year. TDS will be deducted on any sale made on it. If a seller does not file a return for 2 years, he will have to pay 5 per cent TDS. TDS was earlier 0.10 per cent. It has now been increased by 50 per cent.

7. Apply online for a learning license

No need to go to RTO now to get a learning license. The test can be taken from home after applying online. After passing the test, the learning license will be sent home. However, for a permanent license, you will have to drive on the track.

8. Unique identification to each gold ornament

Each gold ornament will have a unique identity so that there will be no fraud in the gold transaction. This unique identification will help in identifying if the jewelry is lost or stolen. That is why the decision to give a unique identity (UID) to each piece of jewelry is going to be important.

9. New IFSC Code to Syndicate Bank Customers

Syndicate Bank has merged with Canara Bank. So now Syndicate Bank customers will have to use the new IFSC code.

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Know important 9 changes in India from 1 July 2021 Which will affect people

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