Winning Bizness Desk

Mumbai. In a country like India, many economic changes in the everyday life of common people start from the new financial year i.e. April 1, but from May 1, many changes are going to happen in the lives of other countrymen. Here in Winning Bizness, we are telling you about those big 6 changes. In short, from May 1, the commercial gas cylinder has become cheaper by Rs 171.50 and the biggest thing is that you are going to get rid of spam calls as well as msgs. At the same time, Punjab National Bank has changed the rules of ATM transactions. Apart from this, Tata cars will now be costlier. We are telling you about 6 major changes that happened from May 1.

1) Commercial gas cylinders become cheaper

Maybe very few people believe it, but it is true. Commercial gas cylinders have become cheaper since 1st May. Commercial gas cylinders in Delhi are available for Rs 1856.50 instead of Rs 2028. In Kolkata the price has come down from Rs 2132 to Rs 1960.50. In Mumbai it is available for Rs 1808.50 instead of Rs 1980. Cylinder is available in Chennai for Rs.2021.50. Last month i.e. on April 1, the price of commercial gas cylinders was cut by Rs 92 by oil marketing companies. However, earlier on March 1, the price of a 19 kg commercial cylinder was increased by Rs 350.50. At the same time, the price of domestic gas cylinders (14.2 kg) remains at Rs 1103. The last change in the price of domestic gas cylinders was seen in the month of March. Then the petroleum companies had increased the price of domestic LPG by 50 rupees.

2) Spam call-messages will no longer irritate you

This is the biggest relief. All the three major network service providers of the country, Jio, Airtel and Vodafone-Idea have installed filters in their system to prevent spam calls. Companies claim that with the help of AI, spam messages and calls will be blocked on the network itself. In simple words, till now we used to know after receiving the call that it is a spam call. Then we used to block it. Now they will already be blocked on the network and the calls will not reach us. The Telecom Regulatory Authority had given the companies a deadline of 30 April. Although how effective it will be, it will be interesting to see now.

3) ATM transaction failure then Rs 10 charge

PNB i.e. Punjab National Bank has changed the rules related to ATM transactions. According to this, if the transaction fails due to insufficient balance in your account while withdrawing money from the ATM, then a charge of Rs 10 will have to be paid.

4) KYC is necessary for investing in mutual funds

SEBI asked mutual fund companies to ensure that investors use the same e-wallet for investing in mutual funds, whose KYC is complete. That is, now investors can invest only through e-wallets with KYC. For KYC, you have to provide your PAN number, mobile number and bank details. A form has to be filled for KYC with details.

5) Changes in the rules of SBI Credit Cards

SBI Credit Cards now offer a maximum cashback of Rs 5,000 in a month/billing cycle across all categories. Earlier, a maximum cashback of Rs 10,000 was available in the shopping category. Apart from this, the facility of complimentary airport lounge access will no longer be available. Earlier the card holder was given free access to domestic airport lounges 4 times every year.