Key Financial Updates for November: RBI Guidelines, Credit Card Changes, and LPG Price Adjustments
Discover essential updates in finance and regulations for November, including new RBI guidelines for domestic money transfers, credit card rule changes, and LPG cylinder price adjustments.
Consumers hope for a decrease in the cost of 14 kg domestic LPG cylinders.
November brings important updates in finance and regulations that will impact daily transactions.
These changes will affect how individuals manage their finances and make informed spending decisions.
RBI Domestic Money Transfer Rule
Starting November 1, 2024, the RBI will implement a new framework for domestic money transfers. This aims to enhance compliance and security.
SBI Credit Card Changes
From November 1, finance charges for unsecured SBI credit cards will rise to 3.75% per month.
There will also be a 1% surcharge on utility bill payments over Rs. 50,000. This will increase costs for cardholders.
Indian Bank Fixed Deposit Deadline
Indian Bank is offering a fixed deposit called “Ind Super 300 Days” until November 30, 2024.
Interest Rates:
7.05% for the general public
7.55% for senior citizens
7.80% for super senior citizens
Additionally, a 400-day fixed deposit option is available at an interest rate of 7.25%.
Train Ticket Booking Rule
From November 1, 2024, Indian Railways will reduce the advance booking period for train tickets.
The period will change from 120 days to 60 days. This change does not affect tickets already booked.
LPG Cylinder Price Update
On November 1, new LPG cylinder prices will be announced.
Consumers hope for a decrease in the cost of 14 kg domestic LPG cylinders, which have remained stable. In contrast, 19 kg commercial LPG cylinders have increased by Rs. 94 over the past three months.
TRAI’s New Rule
Starting November 1, telecom operators must implement new measures.
These measures aim to reduce spam and improve message traceability. This will enhance user protection against phishing and scams.
