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4 Rules Related to Your Money Will Change From August 1st

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From August 1st 2020 there is major changes in rules from government, so let us see what they are?

 

1) No mandatory on Comprehensive Insurance - Government removed mandatory on comprehensive insurance and made third-party insurance as mandatory. 

2) PM Kisan Samman Nidhi - Good news for farmers, because eligibility low income farmers will get Rs 2000 directly into their bank account.

3) Minimum balance - If Anyone does not maintain minimum balance after lockdown, banks may fix penalty and the people may need to bear the extra cost.

4) RBL Bank Increases interest rates - If the people deposit more than Rs 1 lakh, the saving rate is 4.75% which is higher than normal savings bank account.

 

For more information please watch this video till the end.

 
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