1 January 2022: These rules will change from 1 January, it will be expensive to withdraw money from ATMs

1 January 2022: From January 1, 2022, many of the rules associated with your life will change. It is therefore important to be aware of this change.

New Delhi 

From next month i.e. 1 January 2021, many rules related to your life (Rules to be changed from 1st January) are changing. These rules will have a direct effect on your pocket. These rules include rules relating to cash withdrawals or deposits, debit, and credit cards. It is important to know these rules before the new year stats so that you can prepare for this. So let us know how many rules will change from January 1, 2022, and how it will affect your pocket.

Charges for Cash Withdrawals

for of India Post Payments Bank (IPPB) will have to pay a charge for cash withdrawals or deposits over a limit. This rule will take effect from January 1, 2022. Three types of savings accounts can be opened in IPPB. In which many types of facilities are provided. According to India Post Payments Bank, cash can be withdrawn four times per month in a basic savings account. There will be no charge for it. However, there is a charge of Rs 25 for each subsequent transaction. However, there is no charge for depositing money in a Basic Savings Account.

It will be expensive to withdraw money from ATMs

From next month, it will be expensive for customers to withdraw money after the limit of free ATM transactions. In June, the Reserve Bank of India (RBI) allowed banks to increase charges for transacting at ATMs after a limit of 1 January 2022. It is worth mentioning that at present every bank offers some free transactions to their customers to withdraw money from ATMs. From now on, if the money is withdrawn from the ATM after the completion of the free transaction, the charge for it will be increased. Now you have to pay Rs 21 plus GST charge for the transaction done in addition to the free transaction.

Google's rules will change

Card details will not be saved for payment on the Google Play Store from January 1. Information that has already been saved will be removed. You will need to provide the information again to make the payment.

LPG Cooking Gas Cylinder Price

The new price of cooking gas will be fixed on January 1. It remains to be seen whether the price of gas will be increased on the first day of the new year or the price will be kept stable.

Failure to submit nominee will result in termination of EPFO benefits

A notice has been issued by the EPFO stating that if PF account holders do not enter the details of the nominee in their account by January 1, the benefits of EPFO will be terminated. This rule will come into effect from January 1, 2022. It may be mentioned that EPFO has increased the insurance limit for account holders to Rs 7 lakh.

Debit and Credit Card Rules

From January 1, debit and credit card payments will change. In fact, the RBI is introducing new rules to make online payments more secure. As a result, merchants who receive money while shopping online or making digital payments cannot save your 16-digit card number. Any information that is saved will also be deleted. Tokens will be used in shopping instead of credit or debit cards. However, according to the latest information, the RBI has extended the deadline for the implementation of the system to June 30, 2022. This means that the limit has been extended to six months.

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