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June is about to end and July is about to begin. Three days are left and after that, from the first date, many big changes will be seen in the country. Which can have a direct impact on everything from your kitchen to your bank account and mobile phone. This includes everything from LPG cylinder prices to credit card rules. This is directly related to your money. Let us know about such 5 big changes which will affect you in the month of July.
First change-LPG prices
Oil marketing companies change the prices of LPG cylinders on the first of every month and this change can be seen on July 1, 2024 at 6 am. While the prices of 19 kg commercial PLG cylinders have seen many fluctuations in recent times, the price of 14 kg domestic gas cylinders used in domestic kitchens has remained stable for a long time. In such a situation, after the recent Lok Sabha elections and the formation of the new NDA government under the leadership of PM Narendra Modi, people are expecting relief in the prices of domestic cylinders this time.
Second change – ATF and CNG-PNG rates
Not only the prices of LPG cylinders change on the 1st of every month, but along with this the oil marketing companies also change the prices of aviation fuel i.e. Air Turbine Fuel (ATF) and CNG-PNG. In such a situation, their new prices can also be announced on the 1st. It is worth noting that while the reduction in ATF prices has provided relief to air passengers, the reduction in CNG prices has reduced the cost of drivers.
Third change – payment of credit card bill
If you also use a credit card, then the date of July 1, 2024 is important for you. Actually, big changes related to credit card payment are going to be implemented from the first date of the month. After this, there may be a problem in bill payment through some payment platforms. These platforms include some fintechs like CRED, PhonePe, BillDesk. Actually, according to the new rule of RBI, from July 1, all credit card bills will have to be paid through Bharat Bill Payment System i.e. BBPS. After this, everyone will have to pay the bill through Bharat Bill Payment System (BBPS).
Fourth Change – SIM Card Port Rule
Keeping security in mind, TRAI is changing the rules. Now once again the rules related to SIM card are going to change and the date of implementation of this change has also been fixed as 1 July 2024. TRAI has decided to change the Mobile Number Portability (MNP) rules. TRAI has implemented this rule to prevent SIM swap fraud. Under this, if the SIM card is stolen or damaged, then you will have to wait for some time. Earlier, if the SIM card was stolen or lost, you used to immediately get a new SIM card from the store, but according to the new rule, now its locking period has been increased and users will have to wait for 7 days.
Fifth Change – PNB Bank Account
Talking about the fifth big change coming next month, it is related to the customers of Punjab National Bank. Actually, if you have a PNB account and you have not used it for years, then it can be closed from July 1, 2024. For some time now, the bank has been constantly alerting through social media that there has been no transaction in the PNB account for the last 3 years and their account balance is zero, to keep these accounts active till June 30, go to the bank branch and do KYC, if it is from July to May 1 is close.
