FASTag brand-new standards from August 1, 6 cash guidelines that alter today

It is August 1 and a variety of modifications connected to cash consisting of LPG cyndrical tube cost, FASTag KYC enters into result from today that might impact your expenditures.

Here’s a check out the monetary guidelines that alter from August 1, 2024:

1 – New FASTag KYC regulation: The National Payments Corporation of India (NPCI) has actually provided brand-new standards for FASTag with a solid focus on Know Your Customer (KYC) demands and the substitute of older FASTags.

Companies offering FASTags solutions have actually been provided time till October 31 to mandatorily finish KYC updates of all FASTags provided in between 3 to 5 years back. If refrained from doing, consumers might deal with activity consisting of interruption in solution.

Also, any kind of FASTag which is older than 5 years have to be changed. Vehicle proprietors have to inspect the issuance days of their FASTags and take timely activity to stay clear of any kind of difficulty.

Starting August 1, all FASTags have to be connected to the automobile’s enrollment number and framework number. New automobile proprietors have to upgrade their enrollment number within 90 days of acquiring the automobile.

Apart from these modifications, FASTag service providers have to currently post clear pictures of the automobile’s front and side to help with very easy recognition. Each FASTag needs to additionally be linked to a mobile number to make sure smooth interaction and updates.

2 – HDFC Bank bank card guidelines: The nation’s most significant economic sector financial institution, HDFC Bank, has actually presented a variety of modifications that will certainly enter into result from August 1 and will straight influence its bank card owners.

From today, 1 percent charge will certainly be billed on purchases quantity for all the rental purchases refined with third-party settlement applications consisting of PayTM, CRED, MobiKwik, andCheq Such settlements are restricted to Rs 3000 per purchase.

However, gas purchases will certainly not bring in any kind of added fee for purchases much less than Rs 15,000 per purchase.

Also, late settlement fee procedure has actually been modified relying on the superior quantity from Rs 100 to Rs 1,300.

From August 1, HDFC Bank will certainly apply modifications in its Tata Neu Infinity and Tata Neu Plus charge card. Tata New Infinity HDFC Bank Credit Card customers will certainly obtain 1.5 percent New Coins on qualified UPI purchases used the Tata New UPI ID.

3 – HDFC Bank applies markup charge: The HDFC Bank, beginning August 1, will certainly apply a 3.5 percent markup charge for all global or cross-currency purchases.

4 – Google Maps guidelines alter: For India, Google Maps has actually made modifications to its guidelines that comes to be suitable from August 1. The business has actually lowered its service fee by approximately 70 percent to tempt companions. Also, payment will certainly change from bucks to rupees. However, this will certainly not influence basic customers as no added fee will certainly be imposed on them.

5 – Fine on ITR declaring: The last day to submit Income Tax Return (ITR) was July 31. If you have actually missed out on the due date for ITR declaring, from August 1 the brand-new tax obligation regimen will certainly be thought about default for you. You can still submit the ITR by December 31, 2024, yet will certainly be called for to pay a fine of Rs 5,000. There is an alleviation for little taxpayers whose complete earnings does not go beyond Rs 5,00,000, for them, the charge will be an optimum of Rs 1,000.

6 – LPG cyndrical tube cost: The cost of LPG cyndrical tubes are chosen the very first day of monthly. In July, the federal government lowered the expense of 19 kg industrial LPG cyndrical tube and is most likely to reduce it additionally in August.

Bank vacations in August 2024

In August, both personal and public financial institutions throughout India will certainly be shut for approximately 13 days, consisting of Sundays, nationwide in addition to local vacations and the 2nd and 4th Saturdays of the month.

August 2024 national holiday listing

August 3 (Saturday) – Banks in Agartala will certainly continue to be shut for Ker Puja.

August 8 (Thursday) – Banks in Sikkim will certainly be shut forTendong Lho Rum Faat

August 13 (Tuesday) – Banks in Manipur will certainly be shut fir Patriot’s Day.

August 15 (Thursday) – Independence Day and Parsi New Year (Shahenshahi) will certainly be commemorated, for that reason, all financial institutions throughout the nation will certainly continue to be shut.

August 19 (Monday) – Banks in Tripura, Gujarat, Odisha, Uttarakhand, Rajasthan, Uttar Pradesh, and Himachal Pradesh will certainly continue to be shut for Raksha Bandhan/Jhulana Purnima/Birthday of Bir Bikram Kishore Manikya Bahadur.

August 20 (Tuesday) – Banks in Kerala will certainly be shut for Sree Narayana Guru Jayanthi.

August 26 (Monday) – Banks in Gujarat, Odisha, Chandigarh, Tamil Nadu, Uttarakhand, Sikkim, Andhra Pradesh, Telangana, Rajasthan, Jammu, Uttar Pradesh, West Bengal, Bihar, Chhattisgarh, Jharkhand, Meghalaya, Himachal Pradesh, and Srinagar will certainly continue to be shut for Janmashtami (Shravan Vad -8)/Krishna Jayanthi