LPG cylinder price, FASTag, petrol, diesel rates, SC 'no' to WhatsApp to SBI norm—Rules changing from March 1

Today, March 1, there are several financial rules that have changed. These things can affect your day-to-day life. 

ZeeBiz WebTeam | Mar 01, 2021, 02:43 PM IST

From LPG cylinder price, petrol, diesel prices, mandatory KYC for SBI customers to Punjab National Bank (PNB) IFSC code, there are many rules that are achanging from March 1. Let's look at these rules 
 

 

 

 

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LPG gas cylinder price

LPG gas cylinder price

Gas cylinder prices are revised by Oil Marketing Companies (OMCs) on the first day of every month. OMCs announce new rates of cooking gas cylinders at the beginning of the month. In The rates of LPG gas cylinder, however in February, were revised thrice amid surging crude oil prices. Meanwhile, LPG cylinder price was once again hiked by Rs 25 on March 1, taking the new price of 14.2 kg household gas cylinder in the Natinal Capital to Rs 819.  Source: PTI

 

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Mandatory KYC for SBI customers

Mandatory KYC for SBI customers

The state Bank of India (SBI) has made KYC mandatory for its customers, beginning March 1. India's largest lender has asked its customers to get their KYC done in order to keep their accounts active and not face any problem with their transaction. Source: PTI

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Petrol, diesel prices

Petrol, diesel prices

Petrol and diesel prices have shattered all limits, burning holes in common man's pocket. It has been increased around 15 times or more in February alone. However, it appears that common man might see some relief in March. Union Minister Dharmendra Pradhan has hinted the price will decrease in the country as the winter season ends. “Increase in petroleum price in international market has affected consumers too. Prices will come down a little as winter goes away. It is an international matter, price is high due to increase in demand, it happens in winter. It will come down as the season ends,” he said. Source: PTI

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No free FASTag at toll plazas

No free FASTag at toll plazas

Now, customers will have to pay Rs 100 to purchase a FASTag from toll plazas from March 1. The National Highway Authority of India (NHAI) has said that there will be no free FASTag for car owners from March 1. Source: PTI

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IFSC Code of PNB also to change after merger

IFSC Code of PNB also to change after merger

Punjab National Bank (PNB) is also making changes in the rules related to IFSC. Punjab National Bank is going to change the old checkbook and IFSC or MICR code of its associate banks Oriental Bank and United Bank of India. Although the old codes will work till March 31, but the bank has told its customers to get new codes or else there may be problems later.  Source: PTI

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Supreme Court not to use WhatsApp

Supreme Court not to use WhatsApp

Supreme Court not to use WhatsApp 

The Supreme Court will no longer use WhatsApp groups to share video conference links for court hearings, the apex court registry said on Saturday. In a circular, the registry said that instead of WhatsApp, the links for virtual court hearings in the apex court will be shared on registered email ids and registered mobile numbers of the concerned advocates-on-record and party-in-person. It said the VC links shall be shared "w.e.f. March 1, 2021 through registered email ids as well as by SMS on registered mobile numbers of the Ld. Advocates-on-Record / Party-in-Persons. Source: Reuters

 

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Change in IFSC Code of Vijaya and Dena Banks

Change in IFSC Code of Vijaya and Dena Banks

As Vijaya Bank and Dena Bank have been merged into Bank of Baroda, the IFSC codes of both banks will be changed from March 1, 2021. Now, you will no longer be able to transact with the old IFSC code. According to BoB, customers can get cheque books with the new MICR code by 31 March 2021. Source: Reuters

 

 

 

 

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Special trains

Special trains

Many special trains will be operated by Indian Railways, especially in the wake of Holi festival. Media reports suggest that passengers travelling from Uttar Pradesh and Bihar will get the maximum relief. Apart from this, Western Railway has decided to run 11 pairs, i.e., 22 new special trains on different routes. These trains will run between several routes, including Delhi, Madhya Pradesh, Mumbai. Some trains have started operating in it. At the same time, some trains will be operational from 1 March 2021. Source: PTI