New rules: only a few days left of the year 2021 To finish, As the new year begins, many rules around you will change, Changes in these rules will affect crores of people of the country., Multiple rules, including rules for Google apps, ATM cash withdrawal , Changes will happen with the use of debit and credit cards, Let’s know what changes are going to happen,
Changes to rules for many Google apps
Rules related to January 1 online payment Google will change, This change has been made as per the instructions received from reserve Bank of India. If you want to pay via Google’s app with Visa or MasterCard, you will need to enter all your debit or credit card details, Google won’t save them anymore, Now money will be taken through token system,
if you have RuPay, American Express, Discover or dinner card And if you want to make payment through them, then in this case also all the information related to the card will have to be filled during the online payment., Here also you will not get the option to save the card, Actually to prevent fraud in wallet or is i App via ‘Save Card’ reserve Bank of India Such apps were asked to develop a token system by eliminating the option of saving cards.,
ATM Cash withdrawal will incur higher charges
from 1 january 2022 After Free Withdrawal Limit ATM Banks, instead of charging Rs. 20 Per Transaction, Rs. 21 will be charged per transaction, Presently banks are allowing customers to make free withdrawals from their ATM up to 5 times per month, Withdrawal after the free withdrawal limit is over, banks used to charge Rs. 20. But after 6th withdrawal from 1st January, Rs. 21 Also it will be taxed,
The first three withdrawals from banks of other ATMs will be free from January 1, which will cover both financial and non-financial transactions. These cities will be included Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad. in non-metro cities 5 ATM transaction will be free, For financial transactions in metro cities, Rs. 20 per transaction and Rs. 8.50 Must be paid on non-financial transactions,
Rules for online use of debit and credit cards will also change
Paying online is quite common these days, People prefer to pay online instead of keeping money with them, whether he’s ordering food, shopping or booking a cab, People go for online transactions and their passwords, Debit and credit card details are saved on the same portal, However, with, The number of online frauds has also increased exponentially with online banking., therefore, To make online payments more secure, reserve Bank of India (RBI) Merchants and payment gateways have been asked to delete all sensitive details of debit and credit cards of customers that were saved by them,
New debit card and credit card rules will be applicable from January 1, 2022 And RBI has also asked merchants and payment gateways to use encrypted tokens for transactions, Banks have also started informing their customers about this., When using the token, you are not required to provide details such as, Expiry date, card number, and cvv, the way it is needed when using,Debit and credit card transactions,
Charges will be levied for depositing more than Rs. 10,000 ,
In India Post Payments Bank, you will be able to deposit only up to Rs. 10,000 Savings and current account, IPPB has informed on its website that when this limit is Rs. 10,000 exceeded, customers will have to pay extra, Actually, three types of savings accounts can be opened in India Post Payments Bank, each of which has different rules for Basic Savings Account.,
IPPB Basic savings account other than IPPB savings account, no charges for withdrawal of Rs. 25,000, However, every time after reaching this free limit, at least Rs. 25 to be paid, through which withdrawals and deposits IPPB will be expensive.
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