Know which rules changed since today?
Wednesday - May 1, 2019 10:38 am ,
Category : WTN SPECIAL
Changes in the rules to affect your life
Air India, Punjab National Bank and SBI made changes in their rules
May 01 (WTN) - There are many rules that have been changed today onward in the country. What kind of these changes are? And how can they affect you, let's know?From today, Air India will not charge any fee for canceling the booked ticket. For your information, let you know that if you make any changes or cancel the ticket within 24 hours of booking Air India’s ticket, then there will be no fee for this.
From today, the Punjab National Bank has closed its digital wallet PNB Kitty. Earlier, the bank had asked its customers to withdraw their money from Wallet or spend it till April 30. At the same time, this money could have also been transferred to customers’ bank account.
In the country’s largest bank State Bank of India, the new interest rate arrangements have been implemented for large savings account deposits and small loans from today.SBI had announced in March that from 1st May 2019 the bank would link those saving balances to RBI's repo rate, having balance more than one lakh rupee. Furthermore, the short term loans will also be linked to the RBI repo rate.
If this happens, changes in the interest rates on the savings accounts and short-term loans of more than Rs 1 lakh will change automatically as soon as the repo rate changes. It is being said that this will facilitate the implementation of the RBI policy in the bank system.
For your information, let you know that in the months of February and April, the Reserve Bank of India had cut the repo rate consistently, after which the repo rate at this time is 6%. On the savings bank accounts with have more than one lakh rupees; the SBI will keep interest rate below 275 points to the repo rate.
This means that the annual interest rate on these accounts will be 3.25 per cent.At the same time, the SBI was offering 3.5 per cent interest rate on the bank accounts having up to Rs 1 crore deposit, whereas interest rate was 4 per cent on the accounts having deposit more than Rs 1 crore. At the same time, for your information let you know that the SBI Savings Account will get interest of up to 3.5% on the deposits of up to one lakh rupees. According to the information, 95 per cent SBI's savings accounts consist under that category.
As we told you earlier, for the direct implementation of the RBI rate policy from 1st May, credit accounts and overdrafts like short term loans of more than Rs. 1 lakh have been linked directly to the repo rate. At the same time, all cash credit accounts and overdrafts of more than Rs. 1 lakh have been linked directly to the benchmark policy rate. Now the State Bank of India will charge a risk premium on such loans. These risks will be charged on the basis of premium, loan-taking profiles.
May 01 (WTN) - There are many rules that have been changed today onward in the country. What kind of these changes are? And how can they affect you, let's know?From today, Air India will not charge any fee for canceling the booked ticket. For your information, let you know that if you make any changes or cancel the ticket within 24 hours of booking Air India’s ticket, then there will be no fee for this.
From today, the Punjab National Bank has closed its digital wallet PNB Kitty. Earlier, the bank had asked its customers to withdraw their money from Wallet or spend it till April 30. At the same time, this money could have also been transferred to customers’ bank account.
In the country’s largest bank State Bank of India, the new interest rate arrangements have been implemented for large savings account deposits and small loans from today.SBI had announced in March that from 1st May 2019 the bank would link those saving balances to RBI's repo rate, having balance more than one lakh rupee. Furthermore, the short term loans will also be linked to the RBI repo rate.
If this happens, changes in the interest rates on the savings accounts and short-term loans of more than Rs 1 lakh will change automatically as soon as the repo rate changes. It is being said that this will facilitate the implementation of the RBI policy in the bank system.
For your information, let you know that in the months of February and April, the Reserve Bank of India had cut the repo rate consistently, after which the repo rate at this time is 6%. On the savings bank accounts with have more than one lakh rupees; the SBI will keep interest rate below 275 points to the repo rate.
This means that the annual interest rate on these accounts will be 3.25 per cent.At the same time, the SBI was offering 3.5 per cent interest rate on the bank accounts having up to Rs 1 crore deposit, whereas interest rate was 4 per cent on the accounts having deposit more than Rs 1 crore. At the same time, for your information let you know that the SBI Savings Account will get interest of up to 3.5% on the deposits of up to one lakh rupees. According to the information, 95 per cent SBI's savings accounts consist under that category.
As we told you earlier, for the direct implementation of the RBI rate policy from 1st May, credit accounts and overdrafts like short term loans of more than Rs. 1 lakh have been linked directly to the repo rate. At the same time, all cash credit accounts and overdrafts of more than Rs. 1 lakh have been linked directly to the benchmark policy rate. Now the State Bank of India will charge a risk premium on such loans. These risks will be charged on the basis of premium, loan-taking profiles.
