From credit card rules to LPG cylinder price| Big changes effective August 1

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July 29, 2024
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PTC News Desk: As we approach August 1, several significant changes are set to take effect across various sectors. These changes range from economic reforms and policy updates to new regulations and lifestyle adjustments. Changes to bank holidays, LPG cylinder prices, HDFC Bank credit card rules, Google Maps are scheduled for August.

A roundup of big changes effective August 1

LPG Gas Cylinder Prices

State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) adjust cooking gas prices on the first day of each month, taking into account the average international price from the preceding month.

Google Maps

From August 1, Google Maps is introducing changes to its rules in India. The company has significantly lowered its service charges in the country, with reductions of up to 70%. However, this change will not impact general users, as there will be no additional costs for them.

HDFC Credit Card Rules

HDFC Bank- one of the leading private banks in India, which holds a prominent position in the financial industry is set to introduce changes in credit card policies effective August 1.

The major significant changes are set to be implementation of a 1% fee on PayTM, CRED, MobiKwik, and Cheq.

Fuel transactions exceeding Rs 15,000 will now incur a 1% fee, capped at Rs 3,000 per transaction.

Similarly, educational payments made through third-party apps like CRED and PayTM will also be subject to a 1% fee, with a Rs 3,000 cap per transaction.

August Bank Holidays

According to the Reserve Bank of India’s holiday calendar, banks in August will be shut for 13 days in various states and districts across Nation in the month of August with many countries celebrating various festivals and holidays such as Independence Day, Raksha Bandhan and Janmashtami.