Rule Change: 5 Major Changes from December 1 Affecting Every Home and Wallet!

Several Major Changes from December 1, Nationwide

Source: aajtak

Major Changes Starting December 1

Source: aajtak

As November comes to a close, December 2024 brings an array of significant changes. These financial shifts are poised to impact each household and individual's budget directly. Kicking off on December 1, these changes include pivotal adjustments such as new LPG cylinder pricing and modifications related to SBI credit cards.

First Change - LPG Cylinder Prices

Source: aajtak

First Change - LPG Cylinder Prices

On the first of every month, rules undergo revisions. As of December 1, 2024, price changes are anticipated to affect ordinary people's pockets. Last November 1, we observed a price rise for the 19 kg commercial LPG cylinder. Oil and gas distributors customarily revise prices on the month's first day, and this scenario is expected to continue. There's speculation that adjustments may occur to the 14 kg domestic gas cylinders, which have remained unchanged for a considerable period.

Second Change - ATF Prices

Source: aajtak

Second Change - ATF Prices

In line with changes in LPG prices, December's first day often sees adjustments in the prices of air turbine fuel (ATF) by oil distributors. There's potential for shifts in aviation fuel costs this December, which could directly influence air travelers.

Third Change - SBI Credit Card Rules

Source: aajtak

Third Change - SBI Credit Card Rules

The third major shift starting December 1, 2024, concerns credit card users, particularly those involved with digital gaming platforms. If you use your SBI credit card for transactions on these platforms, new rules will apply beginning in December. As per SBI Cards' website, reward points for transactions on digital gaming platforms are expected to be removed for 48 credit cards.

Fourth Change - Delays in OTP Deliveries

Source: aajtak

Fourth Change - Delays in OTP Deliveries

The TRAI has introduced traceability regulations concerning commercial messages and OTPs, initially set for implementation by October 31. However, at telecom companies' request, the deadline extended to November 31. This regulation, effective December 1, aims to ensure traceability of all messages sent by telecom operators, a step designed to curb phishing and spam. Consequently, customers might experience delays in OTP deliveries due to these new regulations.

Fifth Change - Bank Holiday Announcements

Source: aajtak

Fifth Change - Bank Holiday Announcements

If you have banking activities planned for December, note that more than half the month's days are declared bank holidays, as revealed by the RBI's holiday list. These holidays are scheduled across various states based on regional festivals and events, including the second and fourth Saturdays and Sundays' weekly offs. You can refer to the Reserve Bank's official website for the complete list of bank holidays.

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