A few principles are set to change from Monday, August 1 from banks being shut for 18 days, to an adjustment of Bank of Baroda’s really look at payment.
These progressions will straightforwardly influence the everyday person and in this way, it is vital to be familiar with these five changes that will happen from August 1.
- Bank of Baroda cheque payment system (PPS)
Bank of Baroda has proposed to present a compulsory Positive Pay System (PPS) for cheques gave for sums above Rs 5,00,000. Clients should carefully approve key digitally validate key cheque information for authentication before payment.
PPS includes a course of reconfirming key subtleties like name, date, and sum electronically through mobile application, SMS, UPI or ATM of huge worth cheques.
- PM Kisan eKYC
The cutoff time for e-KYC for recipients of Prime Minister Kisan Samman Nidhi Yojana (PMKSNY) was reached out from May 31 to July 31. Yet, from August 1, KYC won’t be permitted.
- Enlistment for PMFBY
Enlistments for the Prime Minister Fasal Beema Yojana (PMFBY) will end today, July 31. Enlistments won’t be permitted from Monday, August 1, for the plan. Enrollment should be possible either online or offline.
- LPG rates
On the main day of every month, LPG costs are updated. Last time in July 2022, costs of the business gas cylinders were diminished, while those for domestic cylinders were climbed.
- ITR return filing
Despite the fact that a few citizens have been requesting to broaden the cutoff time of July 31 to submit ITRs for the monetary year 2021-22 and evaluation year 2022-23, the public authority would not make it happen.
Subsequently, from August 1, a fine-cum-late expense will be charged for the late filing of ITRs.
