These 6 major changes are going to take place from August 1, here is how to affect your life

New Delhi There are going to be very big 6 changes in your life from the 1st of August, that is Saturday, which is going to have a great impact on your money. These changes will be on your bank account, from LPG (LPG) to vehicle insurance. It is very important for you to know these rules. We are now informing you about those changes one by one. During the Corona period, you should plan in advance in the month of August, so that you also know where to spend and where to save.

Lpg prices
First thing let’s start with the kitchen. Oil marketing companies announce new prices of LPG LPG cylinder and air fuel on the first date of every month. The prices have been increasing for the last few months. On August 1, LPG prices may increase. For this, you have to be prepared mentally and financially.

It is necessary to keep minimum balance in these banks
To promote cash inflows and digital transactions, several banks have announced levy of minimum balance from August 1. Fees will also be charged after three free transactions in banks. This charge will be collected in Bank of Maharashtra, Axis Bank, Kotak Mahindra Bank and RBL Bank. Those having savings account in Bank of Maharashtra will have to maintain a minimum balance of Rs 2,000 in metro and urban areas, which was Rs 1,500 earlier. The bank will charge Rs 75 for metro and urban areas, Rs 50 for semi-urban areas and Rs 20 for rural areas every month due to low balance.

Country of product has to be told
From August 1, it will be necessary to tell the origin of the product from e-commerce companies. Where is the product made, who has made it. However, most companies have already started giving this information. These include companies like Flipkart, Myntra and Snapdeal. The Department for Promotion of Industry and Internal Trade (DPIIT) has asked all e-commerce companies to update the country of origin of their new product listings by 1 August. This is being done to promote the Make in India product. This step is being taken towards self-sufficient India.

The sixth installment of PM-Kisan
Under the PM Kisan Samman Nidhi scheme, the sixth installment will be released for the farmers. From August 1, the Modi government will deposit the sixth installment of 2000 rupees in the bank account of the farmers. The government has provided cash benefits to 9.85 crore farmers of the country since the inception of the scheme. Let us know that the fifth installment of the scheme was released on 1 April 2020.

Also read: The price of vehicles can be cheaper, the news related to the coming auto sector

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