Stories
Major Rule Changes from Oct 1: TV-AC Prices Up, FD & ATM Rules Altered
N
News18•01-10-2026, 07:34
Major Rule Changes from Oct 1: TV-AC Prices Up, FD & ATM Rules Altered
- •Several major rules related to financial transactions, banking, FDs, small savings schemes, LPG, UPI, and income tax have changed from October 1st.
- •The price of 19.2 kg commercial gas cylinders increased by Rs 62.50, potentially leading to higher food prices in hotels and restaurants.
- •Interest rates for small savings schemes like PPF, NSC, and Sukanya Samriddhi Yojana remain unchanged for the October-December quarter.
- •Prices of ACs, LED TVs, refrigerators, and washing machines have increased due to rising costs of copper, aluminum, steel, and transportation.
- •Major changes to FD rules for bulk deposits of Rs 3 crore or more, giving banks more freedom in determining interest rates, as per new RBI guidelines.
Key Questions Answered
Oil companies increased the price of 19.2 kg commercial gas cylinders by Rs 62.50 on October 1st. This price hike brings the cost of commercial gas in Delhi up to Rs 2810.
Under new Reserve Bank of India guidelines, major changes apply to bulk deposits worth Rs 3 crore or more. Banks now have more freedom in setting interest rates for these large deposits and must disclose applicable rates with complete transparency.
State Bank of India has reduced the number of free transactions allowed at other bank ATMs from 10 to 5 per month for salary package account holders. Exceeding this limit incurs a charge of Rs 23 plus GST for financial transactions and Rs 11 plus GST for non-financial transactions.
