With just three days left, significant shifts in banking regulations and financial matters are set to hit, directly influencing your budget.
Here’s what you need to know:
LPG Cylinder Prices to Be Decided May 1
As per the monthly ritual, oil marketing companies will determine the prices of LPG cylinders on May 1.
This includes the rates for both the 14 kg domestic cylinder and the 19 kg commercial cylinder. Additionally, expect adjustments in the prices of CNG and PNG.
Yes Bank’s New Savings Account Regulations
Yes Bank has announced revisions to its savings account policies. Effective May 1, changes in the Minimum Average Balance (MAB) requirements across various account variants have been unveiled.
Notably, the Account Pro Max now mandates a minimum balance of Rs 50,000, with a maximum charge limit of Rs 1,000.
ICICI Bank Introduces Updated Rules
ICICI Bank has also rolled out modifications in several service offerings and associated charges.
Notably, the annual fee for debit cards has been reduced to Rs 200, with rural areas benefiting from an annual fee of Rs 99.
Furthermore, charges for checkbooks will apply after the initial 25 leaves, priced at Rs 4 per leaf.
IMPS transaction charges will range from Rs 2.50 to Rs 15 per transaction, depending on the amount.
HDFC Bank’s Wecare FD for Senior Citizens
Senior citizens have until May 10, 2024, to invest in HDFC Bank’s Senior Citizen Care FD,
offering an additional interest rate of 0.75 percent.
This exclusive FD scheme provides senior citizens with a higher interest rate of 7.75 percent on FDs ranging from 5 years to 10 years,
applicable for amounts less than Rs 5 crore.
