Many rules are going to be changed from January 2022. Let me tell you all that many rules are going to be changed with regard to banking. In that case, we are going to tell all of you the rules that will benefit you and not harm you. This is 3 major changes and all three are associated with your personal finance. Let us know how these are changes ranging from bank lockers to mutual funds and ATM transactions.

1- Lockers to be safer than before - Tell you all that the bank locker is going to be safer from the new year. The Reserve Bank has made it clear that banks cannot shy away from the security of lockers. Banks will be responsible if there is any disturbance or incident in the locker. At the same time, if banks ignore the safety of customer goods, it will be their entire responsibility. Let you all know that the new locker rule will come into effect from January 2022. In such a case, if a bank employee is fraudd, the bank building collapses, fire or theft causes damage, the bank will compensate up to 100 per cent of the rent or fees of the goods kept in a customer's locker. Tell you that the new rule will apply to existing and old deposit locker holders. At the same time, if there is a natural calamity, this rule will not apply. The list includes damage to lockers due to earthquakes, floods, lightning, storms or customer mistakes.

2-Transactions on Mutual Fund Central MF or Mutual Fund Central is an online platform launched jointly by Kaffintech and Computer Edge Management Services (CAMS). Yes and this company provides mutual fund related services. It was launched in September this year following sebi's direction and the platform has been fully designed for mutual fund transactions. Also tell you that MF Central Mutual Fund provides transaction related services, such as changes in bank accounts, mobile numbers and email addresses, etc. In fact, mf central services are taken up for filing nominations to customers on MF Central, changes in income distribution capital withdrawals, changes in details related to MF Folio and Foreign Account Tax Compliance Act. It has also created an app which is yet to be launched. Transactions have not started on this platform. It is believed that the service may also start in January.

3-Atm fees to be expensive - Tell all of you that withdrawing money from ATMs from the first month of January in the coming year will be costly if you make transactions after the free limit. In fact, every customer gets 5 free transactions including cash withdrawal, balance enquiry, ATM PIN change, mini statement request and opening of FD in the ATM of the same bank. In Metro City, other banks can avail ATMs free of cost 3 times from ATMs, while in non-metro cities, the number is 5. From the first day of january, if you take atm service after the limit of free transaction, you will have to pay 21 plus GST.

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