These five major changes will be made from May 1, the direct impact on consumers will be
Since May 1, 2019, many major changes are taking place, which will have a major impact on your daily life. State Bank of India (SBI), the largest public sector bank, will introduce new regulations related to savings accounts. At the same time, PNB will stop its three-year old service. Besides, the new price of LPG will be released on 1st May. Many major changes are taking place from 1 May 2019, which will have a major impact on your daily life. State Bank of India (SBI), the largest public sector bank, will introduce new regulations related to savings accounts. At the same time, PNB will stop its three-year old service. Besides, new LPG prices will be released on 1st May. 1) SBI - The first month of the new financial year 2019-20 is the end. SBI will implement the main rule in May, with interest rates on bank deposits and RBI's benchmark rates from May 1.
>> This means that now RBI will also affect the bank's deposits and loan rates on the repo rate changes.
>> After implementation of this rule, customers will get less interest in savings accounts than before. However, this rule will apply only on deposits of more than Rs 1 lakh and loan interest rates.
(2) PNB-Punjab National Bank will stop its digital wallet PNB Kitty from 1st May.
>> Punjab National Bank to PNB till April 30 Spend the money in Kitty or transfer it to your bank account with IMPS.
>> 1 May you have to use another option or wallet instead of PNB kitty.
3) Passengers traveling in railways will get new facility from 1st May. You can change your boarding station for four hours before train charts are created.
>> It was only changed 24 hours ago. This means that when you book a train ticket, you can change that station after which you have selected the boarding station, now the first of May will make this work easier.
>> There is also a condition for this. The condition is that in the event of a change in travel boarding station, money will not be refunded on ticket cancellation.
4) There will be no charge for canceling the Air India ticket. Air India has decided not to take any charge from May 1 for canceling or changing the ticket within 24 hours of booking. This decision will be effective from May 1.
(5) LPG prices - Like every month, new LPG cylinders will be released from May 1. Prior to this, on April 1, the price of LPG was increased. Oil marketing companies increased the price of non-subsidized gas cylinders by Rs 5 per cylinder.
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