These rules have a direct impact on your pocket?...
Usually we will face some changes in the starting of every month which includes the price of gas, it also includes some updates related to the banking system. Changes in the rules will have a direct impact on you. Let's know about the changes that will happen from august 1.
Bank Of Baroda cheque Payment System
If your account is in the bank of Baroda, then this news is of your use. From this august 1, the rules of the cheque payment system are going to change in bank of Baroda (BOB). As per RBI guidelines, the bank of Baroda has informed customers that with effect from august 1, Positive Pay System has been implemented for a cheque of Rs 5 lakh or more. Under this, the bank will have to give the information related to the cheque through SMS, Net banking or mobile App.
LPG prices
Like the 1st of every month, this time there is a possibility of a change in the price of a gas cylinder (LPG) from august 1. This time companies can change the price of both domestic and commercial gas cylinders. Sources say that this time there may be a change of 20 to 30 rupees in the rate of a cylinder. Last time the commercial gas cylinder (LPG) became cheaper while the domestic gas cylinder was increased by Rs 50.
Banks to remain closed for 18 days
Due to many festivals in the month of august 2022, this time banks will be closed for a total of 18 days.
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