There are a few rules that are going to change from 1st August 2021, and may directly affect you. Well, it must be noted that the ICICI Bank and the Reserve Bank of India (RBI) have changes a few of their rules with effect from 1st August 2021.
The country’s largest private bank ICICI Bank has changed some of its rules, according to which withdrawing cash from ATM will cost you more money than before.
As per the new rules, the ICICI Bank provides 4 free ATM transactions of withdrawing cash every month to a regular saving bank account holder. But, as per the revised rules now, you will have to pay a sum of Rs. 150 on every transaction after you have completed your first four free transactions.
Also, a customer can only withdraw a sum of Rs. 1,00,000 from their home branch, and withdrawing more than will charge you Rs. 5 for every Rs. 1,000.
Moreover, withdrawing cash from any other branch, and not your home branch will allow you to withdraw Rs. 25,000 in a day. While withdrawing more money than this prescribed limit will charge you Rs. 5 for withdrawing every Rs. 1,000.
A checkbook of 25 pages will be provided by the ICICI Bank to its customers for free and followed by this, a new checkbook of 10 pages will cost you Rs. 20 every time.
Also, from 1st August 2021, the new price for LPG commercial cylinder and domestic cylinder will be determined.
Moreover, from now onwards, no Salary, Pension, Dividend, or Interest income will be stalled on Sundays or any other Bank holiday, which means that your income will be credited on the date decided itself even if there is a Bank Holiday or Sunday on that particular date.'
It must be noted that the Reserve Bank of India (RBI) has announced that the National Automated Clearing House (NACH) will now be available on the seven days of a week.