August 2022 has begun and the month has brought a few monetary changes that will influence the everyday person and their money related arranging. From the Bank of Baroda’s Positive Pay System to the lessening in ATF value, a few changes have been presented that the everyday person ought to remember.
Here is the complete list
Bank of Baroda Positive Pay System (PPS)
From August 1, the Bank of Baroda proposed presenting a compulsory Positive Pay System (PPS) for checks gave for sums above Rs 5,00,000. Clients should carefully approve key actually take a look at data for verification before payment.
PPS includes a course of reconfirming key subtleties like name, date, and sum electronically through versatile application, SMS, UPI, or ATM of enormous worth checks.
HDFC RPLR Rate Hike
Since August 1, HDFC has expanded its retail prime lending rate (RPLR) on housing loans. This will bring about a climb in credits for existing and new borrowers.
An assertion by the housing finance organization read, “HDFC builds its Retail Prime Lending Rate (RPLR) on Housing credits, on which its flexible rate home credits (ARHL) are benchmarked, by 25 premise focuses, with impact from August 1, 2022.”
Changes in ATF Price
From August 1, the costs of stream fuel were diminished by 12% to Rs 1,21,915.57 per kl from the prior Rs 1,38,147.93 per kl in Delhi. Air Turbine Fuel or ATF costs in Mumbai have likewise been diminished to Rs 1,20,875.86 per kl in Mumbai and Rs 1,28,425.21 per kl in Kolkata.
Late expense for ITR bring filing back
Despite the fact that a few citizens had requested to expand the cutoff time of July 31 to submit ITRs for the monetary year 2021-22 and evaluation year 2022-23, the government would not make it happen.
Subsequently, from August 1, a fine-cum-late expense will be charged for the late filing of ITRs.
Changes in LPG Cylinder Prices
With the new rates, LPG gas cylinders weighing 19 kilograms will be less expensive by Rs 36 for each unit in Delhi. The cost of a 19 kg business cylinder will currently be Rs 1976, while in Kolkata it will be evaluated at Rs 2095.50, Rs 1936.50 in Mumbai, and Rs 2141 in Chennai.
In the mean time, the costs for domestic LPG cylinders stay unaltered since the July 6 correction when the 14.2 kg cylinder cost was raised by Rs 50 for each unit.
