New Changes from 1st February: February 1, 2023, are going to bring big changes not only for the country’s economy but also for the common people. The central government will present the general budget on 1 February. Also, this is also the last full budget of the Modi government before the 2024 Lok Sabha elections. The changes implemented in this budget will be applicable from the next financial year i.e. April 1, 2023, but before that, some big changes are going to happen in your life in the month of February itself. Let’s know about them.
1- Transferring Money Will Become Expensive:
The country’s largest public sector bank SBI is going to change the rules for transferring money. Now the bank will charge Rs 20 plus GST for transferring money through IMPS between Rs 2 lakh and Rs 5 lakh. That is, now transferring money will become expensive. Explain that in October 2021, the number of transactions through IMPS was increased by RBI from Rs 2 lakh to Rs 5 lakh.
2- Change In LPG Prices:
LPG gas cylinder prices are revised on the 1st of every month. Later, the cost of the LPG gas cylinder is adjusted proportionately. Since this time the budget is also on February 1, it has to be seen what changes happen in the prices of cylinders this time. However, the companies did not increase prices in January. But in December last year, the prices of cooking gas increased twice.
3- Tata Motors Vehicles Will Become Expensive:
From February 1, 2023, the price of passenger vehicles for Tata Motors is going to increase. The increase in prices will be in ICE-powered passenger vehicles. Explain that this increase is estimated to be up to 1.2%. However, it will differ depending on the model and its variant. Currently, Tata Motors’ ICE portfolio includes Nexon, Safari, Punch, Tiago, Tigor, Altroz, and Harrier.
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4- These Rules Will Change In the Bank Of Baroda:
If you have a Bank of Baroda credit card and you pay the rent through it, then keep in mind that from February 1, 2023, you will have to pay a 1% charge. Apart from this, the bank is also going to change the rules of check clearance. From February 1, the bank’s customers will have to follow the positive pay system for check payments. It will be necessary to give confirmation to the customers for payment by cheque. However, this rule will be applicable for check payments of Rs 10 lakh or more.
5- PNB Will Charge More Money:
Apart from this, from February 1, 2023, the rules of Punjab National Bank (PNB) are also changing. If you are a PNB customer and the installment bounces due to a lack of money in the account, then you will have to pay Rs 250 as a penalty. Till now this penalty was 100 rupees. This means now you have to pay 150 rupees more.
6- It Is Not Good If Traffic Rules Are Broken:
Keeping safety in mind, traffic rules are being made strict from February 1. Those driving old vehicles in Noida should be careful. From February 1, the Transport Department will start the process of seizing 10-year-old diesel vehicles and 15-year-old petrol vehicles. For this, 6 teams have been formed. The Transport Department has canceled the registration of 1 lakh 19 thousand vehicles which are 15 years old. Also, money will now be deducted directly from the bank account for violating traffic rules in Delhi-NCR.
