Here’s what rules will change from October 1st 2021, and how you will be affected?

New Delhi: From October 1, several rules will be changed across the country, mainly related to banking, payments and digital transactions. Here are the major changes in banking rules, pension and others that people should keep themselves updated to avoid difficulties. Know what changes are going to happen and how it will make a difference to you.

Here’s what rules will change from October 1, 2021

Change in pension rules
Digital Jeevan Pramaan Patra (Jeevan Pramaan Kendra) is going to replace those above 80 years of age. It is a biometric enabled digital service for pensioners. There is going to be a change in the rules related to Digital Life Certificate from 1 October 2021. Pensioners (above 80 years of age) can submit digital life certificates at Jeevan Pramaan Kendras of all Head Post Offices in the country. The deadline is November 30, 2021. The Indian Postal Department was asked to ensure that the IDs of these Jeevan Pramaan Kendras are active in case they are already closed.

Old checkbooks, MICR codes of 3 banks will be canceled
The old checkbook and MICR code of United Bank of India, Oriental Bank of Commerce and Allahabad Bank will be automatically canceled from 1st October. These banks have recently been merged with other banks.

Auto debit rule
RBI’s new rule for auto-debit on credit and debit cards has come into effect from October 1. Under this rule, from today a new rule of auto payment done from your credit / debit card has been implemented, under which banks will not be able to deduct money from your account without giving the customer’s information. Bank will give you prior information for this, all its payment will be deducted from your bank. The bank will debit the money from the consumer’s account only if he gives permission for the same. It has made AFA (Additional Factor of Authentication) mandatory for all recurring transactions on debit cards, credit cards, UPI and other prepaid payment instruments (PPIs) below Rs 5,000, and all stakeholders to ensure full compliance of the framework by September. need to.

Investment will have to undergo rule change
Markets regulator SEBI has changed the rules for mutual fund investment. As per the new rules, asset under management will be applicable to junior employees working in mutual fund houses. From October 1, 2021, junior employees of MSC companies will have to invest 10 per cent of their salary in units of mutual funds, while phase-wise by October 1, 2023, it will be 20 per cent of the salary.

LPG prices
The price of domestic and commercial LPG gas cylinders will change from tomorrow (October 1) as it is revised every month by state-owned oil marketing companies. LPG cylinder has become costlier by about Rs 36 from today. It is a matter of relief that this increase has happened in 19 kg commercial cylinder. The price of non-subsidised domestic LPG cylinder in Delhi is still Rs 884.50.

Private liquor shops closed
According to the new rules, private liquor shops will remain closed from October 1, 2021 to November 16. Till then only government shops will be allowed to operate. Under the new excise policy of the central government, no private liquor shop will be allowed to open in Delhi till November 16. Shops that will remain closed will reopen from November 17 under the new excise policy. Till then liquor will be sold only in government shops.

FSSAI registration number required on food bill
The Food Safety and Standards Authority of India (FSSAI) had directed all shopkeepers dealing with food items to get registered by October 1. From today, it has become mandatory for the shopkeepers associated with food items to write the registration number of FSSAI on the bill of goods. Now from the shop to the restaurant, the display will have to tell which food items they are using. If customers do not give the FSSAI registration number on the bill, action will be taken against the shopkeeper, which is punishable by going to jail.

Demat account will be deactivated
SEBI had asked people holding demat and trading accounts to update KYC details before 30 September 2021. If you have not updated KYC in your demat account till now, then your demat account will be suspended and you will not be able to trade in the market. It will not be activated until you do the KYC update.

Demat account will be deactivated
SEBI had asked people holding demat and trading accounts to update KYC details before 30 September 2021. If you have not updated KYC in your demat account till now, then your demat account will be suspended and you will not be able to trade in the market. It will not be activated until you do the KYC update.

Mutual fund
will be changed across the country, mainly related to banking, payments and digital transactions. Here are the major changes in banking rules, pension and others that people should keep themselves updated to avoid difficulties. Know what changes are going to happen and how it will make a difference to you.

Change in pension rules
Digital Jeevan Pramaan Patra (Jeevan Pramaan Kendra) is going to replace those above 80 years of age. It is a biometric enabled digital service for pensioners. There is going to be a change in the rules related to Digital Life Certificate from 1 October 2021. Pensioners (above 80 years of age) can submit digital life certificates at Jeevan Pramaan Kendras of all Head Post Offices in the country. The deadline is November 30, 2021. The Indian Postal Department was asked to ensure that the IDs of these Jeevan Pramaan Kendras are active in case they are already closed.

Old checkbooks, MICR codes of 3 banks will be canceled
The old checkbook and MICR code of United Bank of India, Oriental Bank of Commerce and Allahabad Bank will be automatically canceled from 1st October. These banks have recently been merged with other banks.

auto debit rule
RBI’s new rule for auto-debit on credit and debit cards has come into effect from October 1. Under this rule, from today a new rule of auto payment done from your credit / debit card has been implemented, under which banks will not be able to deduct money from your account without giving the customer’s information. Bank will give you prior information for this, all its payment will be deducted from your bank. The bank will debit the money from the consumer’s account only if he gives permission for the same. It has made AFA (Additional Factor of Authentication) mandatory for all recurring transactions on debit cards, credit cards, UPI and other prepaid payment instruments (PPIs) below Rs 5,000, and all stakeholders to ensure full compliance of the framework by September. need to.

Investment will have to undergo rule change
Markets regulator SEBI has changed the rules for mutual fund investment. As per the new rules, asset under management will be applicable to junior employees working in mutual fund houses. From October 1, 2021, junior employees of MSC companies will have to invest 10 per cent of their salary in units of mutual funds, while phase-wise by October 1, 2023, it will be 20 per cent of the salary.

LPG prices
The price of domestic and commercial LPG gas cylinders will change from (October 1) as it is revised every month by state-owned oil marketing companies. LPG cylinder has become costlier by about Rs 36 from today. It is a matter of relief that this increase has happened in 19 kg commercial cylinder. The price of non-subsidised domestic LPG cylinder in Delhi is still Rs 884.50.

Private liquor shops closed
According to the new rules, private liquor shops will remain closed from October 1, 2021 to November 16. Till then only government shops will be allowed to operate. Under the new excise policy of the central government, no private liquor shop will be allowed to open in Delhi till November 16. Shops that will remain closed will reopen from November 17 under the new excise policy. Till then liquor will be sold only in government shops.

FSSAI registration number required on food bill
The Food Safety and Standards Authority of India (FSSAI) had directed all shopkeepers dealing with food items to get registered by October 1. From today, it has become mandatory for the shopkeepers associated with food items to write the registration number of FSSAI on the bill of goods. Now from the shop to the restaurant, the display will have to tell which food items they are using. If customers do not give the FSSAI registration number on the bill, action will be taken against the shopkeeper, which is punishable by going to jail.

Demat account will be deactivated
SEBI had asked people holding demat and trading accounts to update KYC details before 30 September 2021. If you have not updated KYC in your demat account till now, then your demat account will be suspended and you will not be able to trade in the market. It will not be activated until you do the KYC update.

Mutual fund rules will change
Markets regulator SEBI has changed the rules for mutual fund investment. As per the new rules, asset under management will be applicable to junior employees working in mutual fund houses. From October 1, 2021, junior employees of MSC companies will have to invest 10 per cent of their salary in units of mutual funds, while phase-wise by October 1, 2023, it will be 20 per cent of the salary.

Suryaday Small Finance Bank ATM closed
Suryaday Small Finance Bank has told on its website that from October 1, all the ATMs of Suryaday Small Finance Bank will be closed. However, you may continue to use your Suryday Bank ATM/Debit Card at any other bank’s ATM for your cash withdrawal needs.

Mutual fund rules will change
Markets regulator SEBI has changed the rules for mutual fund investment. As per the new rules, asset under management will be applicable to junior employees working in mutual fund houses. From October 1, 2021, junior employees of MSC companies will have to invest 10 per cent of their salary in units of mutual funds, while phase-wise by October 1, 2023, it will be 20 per cent of the salary.

Suryaday Small Finance Bank ATM closed
Suryaday Small Finance Bank has told on its website that from October 1, all the ATMs of Suryaday Small Finance Bank will be closed. However, you may continue to use your Suryday Bank ATM/Debit Card at any other bank’s ATM for your cash withdrawal needs.

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