Starting July 1, the government will update the prices of LPG cooking gas cylinders, CNG, and PNG on the first of each month. Be aware of possible price changes.
Indian Bank Special Fixed Deposits
Indian Bank offers special fixed deposit schemes called Ind Super 400 and Ind Supreme 300 days until June 30, 2024.
Invest between Rs 10,000 to Rs 2 crore with interest rates up to 8% for super senior citizens.
Special Fixed Deposits (FD) from Indian Bank and Punjab & Sind Bank
Indian Bank: Offers special FDs for 300 and 400 days. You can invest in the Ind Super 400 (400 days) or Ind Supreme 300 (300 days) schemes until June 30, 2024.
Investments range from Rs 10,000 to Rs 2 crore with interest rates of 7.25% for the general public, 7.75% for senior citizens,
and 8.00% for super senior citizens. The 300-day FD offers interest rates from 7.05% to 7.80%.
Punjab & Sind Bank: Offers special FDs for 222, 333, and 444 days. Maximum interest rate is 8.05% for super senior citizens on 444-day FDs. Interest rates are 7.05% for 222 days, 7.10% for 333 days, and 7.25% for 444 days.
Credit Card Bill Payment – New RBI Rules
From July 1, 2024, the Reserve Bank of India (RBI) will require all credit card payments to be processed through the Bharat Bill Payment System (BBPS).
This change will impact major fintech platforms like PhonePe, Cred, BillDesk, and Infibeam Avenues. So far, only eight out of 34 banks have activated bill payments on BBPS.
Bank Holidays in July 2024
Banks will be closed for 13 days in July 2024. Check the list of RBI holidays for details.
