Banking Rules Change 1st November: The first day of any month is very significant. Many companies and other organisations are seen making changes to their rules and regulations on the 1st. Did you know that the price of domestic LPG cylinders may decrease on the very first day of November? It is expected that the price of LPG cylinders will decrease by 35 to 40 rupees.
In addition, changes are also going to be implemented in banking rules. The process of updating Aadhaar cards will also become easier. Changes are also expected in bank locker rules. However, there has been no official word yet on whether LPG cylinder prices will decrease.
How Cheap Can LPG Cylinders Become?
Domestic Gas Cylinders Could Be Made Cheaper. If Indian petroleum companies reduce the price of gas cylinders, ordinary citizens will directly benefit. It is being speculated that the price of LPG cylinders is expected to decrease by 35 to 40 rupees. This could be a significant relief from inflation. However, nothing has been officially announced yet.
A bank customer can also specify the share of property they wish to give to which nominee. This nominee rule will also apply to FDs, RDs, and other types of deposits. This will also be possible for single and joint accounts.
Updating Aadhaar Cards Made Easy
Updating Aadhaar cards is now becoming easier. Aadhaar cardholders will no longer need to visit an Aadhaar centre to update details like name, address, date of birth, and mobile number. The entire process will be completed online.
A visit to the centre will only be required for biometric fingerprints or iris scans. Meanwhile, UIDAI will automatically verify your data against databases like PAN card, passport, ration card, and MNREGA. There will be no need to upload any documents.
Bank Lockers Updated
Now, the rules for lockers and safe custody in banks have been changed. Account holders can also list their nominees in order. This will reduce disputes regarding property transfer and facilitate easier transfers. If the first nominee is no longer alive, the second nominee will have a claim.
