Stories
Major Financial Rule Changes from October 1: Shock for TV, AC Buyers!
- •Aadhaar biometric authentication is now mandatory for domestic LPG cylinder subsidy recipients.
- •The price of a 19 kg commercial LPG cylinder has increased, rising by ₹62.50 in Delhi.
- •Electronics items like TVs, ACs, and refrigerators have become 3 to 8 percent more expensive.
- •Banks have more freedom to set interest rates for large deposits of ₹3 crore or more.
- •SBI ATM cash withdrawals are now more expensive, with reduced free transaction limits.
Key Questions Answered
Aadhaar biometric authentication is now mandatory for domestic LPG cylinders receiving subsidies. Users must complete this process by visiting the agency or using the oil company's mobile application, otherwise, the cylinder must be purchased at market price without the subsidy.
State Bank of India has reduced the free ATM transaction limit at other banks for salary package account holders from 10 to 5 transactions. Exceeding this limit will result in charges of ₹23 plus GST for cash withdrawals and ₹11 plus GST for financial transactions.
Prices for air conditioners have increased by 5 to 8 percent, while LED TVs, refrigerators, and washing machines have gone up by 3 to 4 percent due to rising costs for copper, aluminum, steel, and transportation.
