Change: From tomorrow on Sunday and also on holidays there will be pay-pension, from the month of August these 5 changes

 Change: From tomorrow on Sunday and also on holidays there will be pay-pension, from the month of August these 5 changes

It will be expensive to withdraw money from an ATM

LPG cylinder prices may change

A lot of changes are going to happen across the country from August 1st. It will have a direct effect on your pocket and life. It is therefore important that you are already aware of this change. From August 1, transactions from the bank can also be done on Sundays and holidays. Apart from that now you have to pay extra charge to withdraw money from ATM. Here are 5 changes that will have a direct effect on you.

You will also get salary and pension on the day of bank holiday

Transactions from the bank can also be done on Sundays and holidays. The RBI has decided to continue the National Automated Clearing House (NACH) system for seven days, meaning you no longer have to wait for your salary or pension to pass on Saturdays and Sundays.

Apart from this, the installment will be deducted from your account even on holidays, i.e. from August 1, you will no longer have to wait for the working day for necessary transactions like salary, pension and EMI payment.

ICICI Bank customers will have to pay more

ICICI Bank is going to change many rules including withdrawal, deposit and checkbook charges. You will be able to make cash transactions only 4 times by check at a bank branch, which means you will be free to deposit and withdraw money as many times as you like. Thereafter a charge of Rs.150 / - per deposit and withdrawal will be levied.

With ATMs you can make transactions 3 times a month in 6 metro cities. Apart from that in other cities this number is 5 times free. Then you have to pay the charge. As a charge you will have to pay Rs 20 per transaction in metro city and Rs 8.50 in other cities.

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It will be expensive to withdraw money from an ATM

From August 1, the interchange fee for ATMs has been increased from Rs 15 to Rs 17, while the fee for non-financial transactions has also been increased from Rs 5 to Rs 6. The bank installs ATMs everywhere for the convenience of the customers. Customers of other banks also withdraw or transfer money from this machine. Each bank sets a limit on free transactions. Customers are charged a fee for doing more than that. This is called an interchange fee.

There is a charge for IPPB's door step banking

Indian Post Payment Bank (IPPB) has to charge for door step banking facility. According to IPPB, now you have to pay Rs 20 plus GST for door step banking facility every time. So far this service has been free. So far no charge has been levied for door step banking.