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Second Change – Credit Card Bill Payment
If you also use a credit card, then the rules have changed for you too from July 1, 2024. 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 do billing through Bharat Bill Payment System (BBPS).
Third change – SIM card port rule
Keeping security in mind, TRAI is changing the rules. Now once again the rules regarding SIM card have changed. This big change also came into effect from July 1, 2024. TRAI has amended the Mobile Number Portability (MNP) 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 get a new SIM card from the store immediately, but according to the new rule, now its locking period has been increased and users will have to wait for 7 days.
Let us tell you that TRAI had shared the information about this change in the rules of SIM porting from July 1 through ex-post in March 2024. However, there is no update yet on whether its date will be extended or not.
Fourth change: Talking on mobile is expensive
The fourth number in the list of changes to be implemented in July 2024 is also related to your mobile phone. In fact, from Reliance Jio to Airtel and Vodafone-Idea, all have made their tariff plans expensive. These new plans will be implemented from July 3-4.
Fifth change: Banks closed for 12 days
RBI has uploaded the list of bank holidays for the month of July on its website. According to this, banks will remain closed for 12 days this month. This may vary in different states depending on the events happening there.
