These 5 rules will change from 1 May 2021, from the gas cylinder to banking rules, See Details

Indian Currency: Important Update on Rs 500 Note

Only one day is left for the month of April to end. From May 1, many new types of changes will be applied to the general public, so before the coming of May, you must know about these rules. It includes many types of rules related to Banking, Gas Cylinder, Covid Vaccination, which will have a direct impact on the pocket of the general public, so you must know all these rules- 

1. Axis bank going to do this change

Axis Bank has changed the rules for keeping minimum balance in savings account with effect from 1 May. Withdrawal of cash from ATM after free limit from May 1, will have to pay double charge as compared to the current time. Apart from this, the bank has already increased the charge for other services. Let us tell you that Axis Bank has increased the minimum average balance limit from 1 May 2021. The minimum balance requirement has been increased from Rs 10,000 to Rs 15,000 for an account with Easy Savings Schemes of Axis Bank.

2. Those who have above 18 years will get vaccination

The third phase of vaccination is scheduled to begin on May 1 amidst the growing havoc of the Corona epidemic. In this third phase, vaccine will be given to all people above 18 years. In the third phase vaccine campaign, the government has changed many rules and has also brought many new rules. Please tell this time that the government has made the process of online registration necessary.

3. IRDA doubles the cover amount of the policy

Let me tell you that amid the second wave of Corona, the insurance regulator IRDA has directed to double the cover amount of the Arogya Sanjeevani policy. Insurance companies will have to offer a policy covering up to 10 lakh rupees by May 1. Apart from this, the maximum coverage limit of the Arogya Sanjeevani Standard Policy starting from April 1 last year was only up to Rs 5 lakh.

Also, Read This: Here is How You can earn 1 crore rupees from a PPF account, Know the Process

4. Gas cylinder rates will change

Government oil companies change the rates of gas cylinders on the first date of every month. New prices of gas cylinders will also be released on 1 May. Tell that prices are either increased or cut again. In such a situation, the prices of cylinders may change from May 1.

5. Banks will remain closed for 12 days in May

Let us tell you that in the month of May, banks are going to remain closed for a total of 12 days (Bank Holidays In May 2021). However, some of these days will also be such that when the banks of the entire country will not be closed, they will remain closed in some states only. There are some holidays in the list of holidays given on the RBI website, which are effective only at the local state level.

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