While everyone is eager to welcome the new year, some rules of digital services will change from the first of January. It will have a direct effect on the pockets of the common man.
What are the rules, how can it affect daily life, review ...
India Post Payment Bank has announced new rules. Accordingly, from January 1, the fee for withdrawing or depositing cash from the account has been changed. Additional charges will be levied for exceeding the free transaction limit set by India Post Payment Bank.
Google's various services were previously available for free. It will be charged from January 1. Google Apps, YouTube, Google Play Store and other services will now be charged. Also, if you use Rupee, American Express or Dinner Card, Google will no longer collect its details. Therefore, card details have to be entered manually every time you make a payment.
Oil companies fix the price of a gas cylinder on the first of every month. A look at the last few months shows that these rates have been steadily rising. Therefore, everyone is worried about how much the price of domestic gas will increase in the new year.
The Reserve Bank has made some significant changes in the rules of these services to bring more transparency in credit or debit card security. They will be effective from January 1. Consumer data collected through websites and payment gateways has been instructed to delete the security of online financial transactions. Use an encrypted token instead.
According to RBI rules, customers will have to pay more for ATM usage after a certain limit. All banks in the country have decided to increase ATM charges to 5 per cent from January 1. You will have to pay Rs 21 each time you withdraw money from ATM after a certain limit. In addition, consumers will have to pay GST. At present the amount is Rs 20, from next month it has been increased to Rs 21.
