Not only cylinder prices increased, these 5 rules also changed from today

The beginning of every month brings some change, which increases the burden on your pocket. Now in the beginning of October, the government has already increased the prices of commercial cylinders, but these 5 big changes are also going to change your life...

As soon as the month of October starts, many rules are going to change from today. All these have some connection with your pocket, which means they are going to have some impact on your monthly budget. Now the government has increased the price of commercial gas cylinder by Rs 200, which means your budget for eating out may increase. Similarly, these 5 rules are also going to change your life.

The rules that are going to change in the country from October include new tax rules, debit-credit cards, interest on savings and foreign travel etc. So take a look at these…

TCS rule change

New rules for tax collection at source (TCS) are going to be implemented from today. Due to change in this rule, your expenses on traveling abroad will be affected. At the same time, investing in shares, mutual funds or cryptocurrencies of foreign companies will be expensive. It will also affect those going to study abroad. Currently, under the Liberalized Remittance Scheme of RBI, any person in the country can send up to 2.5 lakh dollars abroad in a year. From today, 20% tax will be levied on remittances of more than Rs 7 lakh for expenses other than medical and education.

Debit-Credit Card Rules

RBI has directed all banks to give their customers the option to choose the provider of their debit or credit card. They should give this option to customers both at the time of making a new card or at the time of changing it at any time in between. This will help customers choose such cards, which can reduce their transaction charges.

Interest on RD increased

The government has decided to increase the interest on 5 year post office RD from October 1. Now common people will get 6.7 percent interest on this. This interest rate will be applicable for the October-December quarter.

Indian Bank Special FD

Public sector Indian Bank had launched two special FDs with high interest rates 'Ind Super 400' and 'Ind Supreme 300'. Earlier these FDs were to close on 30th September, now their benefits can be availed till 31st October.

interest rates will reduce

FD interest rates of private sector HDFC Bank are decreasing from today. The bank had launched a special FD giving high returns on 29 May 2023. It used to give a return of 7.20 percent during 35 months, now the bank will soon announce a reduction in it.