A lot is set to change in the country from May 1. Yes, and many of this is going to apply to the general public as well. Because of this, it is important for everyone to know about these changes before coming to May 1. Yes, you should be aware of these new rules. Which we're going to tell you today.
Axis Bank is all set to make changes in the minimum balance- Axis Bank is all set to make changes in the savings account rules which will be effective from May 1. Yes, and if you withdraw money from Axis Bank's ATM in excess of the prescribed limit, now you will have to pay twice as much charge as before. Not only this, but apart from this, the bank has increased the charge for many of its services. In fact, from May 1, Axis Bank has increased the minimum amount to be held in the account and now the amount to be kept in the account will be increased from Rs 10,000 to Rs 15,000.
Vaccination of people above the age of 18 years - The third phase of covid vaccine will start from May 1. Yes, and in the third phase of covid vaccine, all the people above the age of 18 years have to be vaccinated for covid. Let us tell you that the government has changed many rules and is going to implement many new rules. This time it has been made mandatory for everyone to register to get vaccinated.
IRDA has doubled the amount covered under the policy - Amid the second wave of Corona, IRDA has increased the amount to be covered in the Arogya Sanjivani insurance policy by two times. Now from May 1, insurance companies will offer a cover amount of up to Rs 10 lakh. If you know, earlier, through this insurance policy started from April 1, 2020, you used to get coverage of up to Rs 5 lakh.
Gas cylinder prices: State-owned oil companies change the prices of gas cylinders on the 1st of every month. The new gas prices will be fixed on May 1. Whether the price is reduced or increased. Yes, and in such a situation, the price of gas cylinders will change from May 1.
Banks to remain closed in May: Banks will have a total of 12 days off in the month of May. Yes, and there will be some of these days when banks across the country will not be closed. However, somewhere this holiday will remain locally. In the list of holidays released on the RBI's website, the holiday has been mentioned at the state level.
UPI payment limit in IPO increased - If you are a retail investor and make payment through UPI to invest in a company's IPO, then SEBI has given you relief. Yes and now you can submit a bid of up to Rs 5 lakh. So far, the limit was fixed at Rs 2 lakh. Now, this new payment limit will be applicable in the IPO coming after May 1.
Tax collection on UP's Purvanchal Expressway - The 340-km-long Purvanchal Expressway connecting Uttar Pradesh's capital Lucknow to Ghazipur will attract toll tax from May 1. This means that now the journey of this expressway is going to be expensive. According to media reports that have surfaced, toll tax will be collected at the rate of Rs 2.45 per km on the Purvanchal Expressway.
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