it will have an effect on your pocketMany banking rules are set to change from July 1. Which is very important to know about. The rules for withdrawing cash from ATMs are going to change from July 1. As well as loan moratorium, savings account includes things like minimum balance. Now banks are going to change all these rules from June 30. All banking customers need to know these rules. All newspaper is also availble in our website.
The bank’s rules will change from July
Banking customers need to know these rules
The interest earned on the savings account will decrease
Punjab National Bank (PNB) has slashed interest rates on savings accounts by 0.50 per cent. From July 1, the bank’s savings account will earn a maximum interest of 3.25 per cent per annum. PNB’s savings account will get 3 per cent annual interest on balances up to Rs 50 lakh and 3.25 per cent annual interest on amounts above Rs 50 lakh. Earlier, the country’s largest bank SBI and Kotak Mahindra Bank had also reduced interest rates on savings accounts.
Changes in the rules for withdrawing cash from ATMs from July 1
Lockdown and Corona are going to change the rules for withdrawing cash from ATMs, which will increase the burden on your pocket. From July 1, you will have to pay a charge for ATM cash withdrawals. The finance ministry had removed charges on all transactions for withdrawing cash from ATMs. The abolition of ATM transaction fees for three months relieved people in the Corona crisis. The exemption was for three months, ending June 30, 2020.