Changed payment rules from today will directly affect you – News18 Lokmat News WAALI
It is mandatory to initiate within 30 days of receiving the debit or credit card. Otherwise, the bank will send OTP again with the client’s consent, after which it must be launched. This rule was established to prevent misuse of the card. There will be no charge for closing the card. From 1 October, the e-nomination process will be easier for NPS members. After the new rules take effect, online applications will automatically be allowed if not authorized within 30 days. This will remove one of the worries on the client’s head and reduce the clutter in the office. Nomination is mandatory for any investment you make. SEBI has made this rule applicable to all mutual fund investors. From October 1, 2022, investors investing in mutual funds will either have to give a nominee or write if they don’t want a nominee. From October 1, taxpayers can no longer take advantage of the Atal Yojana pension. This scheme is mainly for people from weaker economic sections. A monthly pension of Rs 1,000 to Rs 5,000 is available under this scheme. ICICI Bank has introduced a 1% charge on credit card payments. These fees will start from October 20th. Currently, there is no charge for paying rent from a bank’s credit card. Rent can be paid by credit card through apps such as Redgiraffe, Cred, Paytm and Magicbricks. This fee will be different from the 0.4-2% key handling fee charged by the website.
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