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
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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.
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