Four months have passed since the new year started, but this is the first month of the financial year (2024-25) which ended on 30 April. May 1st is going to witness the new dawn of change in many rules, which will have a direct impact on the lives of the common people. From today itself, many changes will be seen in the price of LPG cylinder and the charges on the savings accounts of ICICI Bank. Let us know which changes in money related rules can be seen this month.
Yes Bank can take this decision
According to the information available on the official website of Yes Bank, changes have been made in the minimum average balance for different types of savings accounts. Now the minimum average balance for Yes Bank’s Pro Max Savings Accounts has been changed to Rs 50,000 and the maximum charge has been changed to Rs 1000. Whereas for Pro Plus, Yes Respect SA and Yes Essence SA accounts, the minimum average balance limit is Rs 25,000 and the maximum charge is Rs 750. The minimum balance in Account Pro is Rs 10,000 and the maximum charge in it has been Rs 750.
It will affect their pockets
ICICI Bank is also going to change the rules related to saving cards. Now customers in rural areas will have to pay an annual fee of Rs 99 for debit card and Rs 200 in urban areas. Along with this, the bank has decided not to charge any fee for check books of 25 pages, but after that, a charge of Rs 4 will have to be paid for each page of check book. IMPS transaction amount has been fixed from Rs 2.50 to Rs 15 per transaction.
Last date fixed for special FD
HDFC Bank has started a special FD scheme for senior citizens, in which they can join till May 10. In this scheme, 0.75% additional interest rate is available to senior citizens, through which they can avail the benefit of 7.75% interest rate on FD scheme of 5 to 10 years. Under this scheme, senior citizens can deposit up to Rs 5 crore.
As we all know that on the first of every month, oil companies change the prices of domestic and commercial LPG gas cylinders, hence there is a possibility of change in gas prices on the first of May. If there is an increase in prices, it will have a direct impact on the pockets of the general public.
