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From LPG gas cylinders to ATM cash withdrawal, these 6 rules will change from February 1, know what will be the effect on you

1st February 2021: Before 1st date, you should know about all these changes, so that you do not have to suffer loss. Let us know such changes which are coming into effect from the second month…

Next month i.e. February 1, 2021 (Many rules will be changed, which will directly affect the common man. Most important is that the general budget will be presented on February 1. Finance Minister Nirmala Sitharaman will present the budget on February 1. At the same time, the rules for cash withdrawal from ATMs are changing. So before 1st date, you should know about all these changes, so that you do not have to suffer losses.




General budget will be presented
On 1 February, the general budget for the financial year 2021-22 will be presented. This year it will be a paperless budget. This will be the first time in the history of independent India when the budget will be completely paperless. There will be no printing of this budget. Through the ‘Union Budget Mobile App’, the public and the general public will be able to get documents related to the budget. Employed people can get tax exemption. Merchants can be declared a relief. Some items can be expensive and tax can be reduced on some items.

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Non-EMV ATMs will not withdraw money
If you are a customer of Punjab National Bank (PNB) then it is important for you. Because from February 1, PNB is changing the rules for withdrawing money from ATMs. PNB will prohibit transactions (financial and non-financial) from non-EMV ATM machines with effect from 01.02.2021. That is, only EMV ATMs will withdraw money. The bank has taken this big step to protect customers from ATM fraud.

International flights of Air India Express will start
New domestic and international flights of Air India Express will start from 1 February. Air India Express will start daily flights between Trichy and Singapore from 1 February to 27 March 2021. Apart from this route, flights will start from Kuwait to Vijayawada, Hyderabad, Mangalore, Trichy, Kozhikode, Coonoor and Kochi.

Gas cylinder prices will change
On the first date of every month, oil companies change the price of LPG Gas Cylinder. In such a situation, the price of gas cylinder will change on 1 February 2021.




Offer to be offered by PMC bank by February 1
The last bidding date for the scam-ravaged Punjab and Maharashtra Co-operative Bank (PMC Bank) is February 1. Investors such as Centrum Group-BharatPe and UK’s Liberty Group have offered. These investors have submitted their expression of interest (EoI) last month.

Fastag mandatory for all vehicles
FASTag will be mandatory for all trains in the country from February 15 to 2021. Fastag will also be mandatory for new vehicles as well as vehicles sold before 1 December 2017. According to the Ministry of Road Transport and Highways, it has also been made mandatory that the renewal of the fitness certificate of a transport vehicle can be done only after the vehicle is fastened. Fastag will also be compulsory, taking new third party insurance.

Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ praveshmaurya24@gmail.com
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