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5 Rule Changes That Will Impact Your Pocket Money From March 1 Onwards

From March 1 onwards, several rules gonna kick in and that will directly impact your daily life. Social media rules, bank loans, LPG cylinder rates, and more are on the transformation list.

LPG Prices

For households using LPG and CNG for cooking, a potential hike in prices looms as state-run oil companies may revise rates. The prices will be fixed at the beginning of every month. Hence it is highly expected that IOC(Indian Oil Corporation) may decide to increase the prices in the upcoming march month. The current prices of LPG and CNG in cities like New Delhi, Mumbai, Bengaluru, Chennai, and Hyderabad are as follows.

Mumbai₹ 1,052.50
Bengaluru₹ 1,055.50
New Delhi₹ 1,053.00
Hyderabad₹ 1,105.00
Chennai ₹ 1,068.50

Bank Loans

Starting March 1, bank loans could significantly affect your pocket money. Following a recent increase in the Reserve Bank of India’s repo rate, many banks are adjusting their lending rates. This means that if you borrow money from a bank, you might have to pay higher interest, and the time it takes to repay the loan could increase. Essentially, it could impact the amount of money you have for your everyday expenses, making it important to be aware of these changes and plan your finances accordingly.

Bank Holidays

With 12 days of banks being closed due to festivals like Holi and Chaitra Navratri, it means there will be fewer days for any pocket money transactions or withdrawals. It’s essential to plan ahead and manage your finances wisely during this period. Make sure you’re aware of the holiday schedule, including second and fourth Saturdays and all Sundays, to avoid any inconvenience and ensure you have enough pocket money to cover your needs during the holiday season.

Train Schedule

From March 1, the new train schedule might change how much money you have. If they adjust the timetable for 5,000 goods trains and a bunch of passenger trains, it could make travel more expensive, affecting your daily spending. Get ready to change your budget because train schedules are important for planning and spending money. This could impact how much money you have for other things or saving. Stay updated so you can manage your money well with these upcoming train schedule changes.

Social Media Rules

Recent amendments to IT rules in India impact major social media platforms. From March onwards, platforms like Twitter, Facebook, YouTube, and Instagram must adhere to new regulations, especially targeting posts inciting religious violence or spreading misinformation, potentially resulting in fines.

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I am Priya, an Information Technology graduate with expertise in creating content. i write articles on various topics such as fashion, beauty, technology, education, and travel and news articles. I love to write interesting and helpful information. In addition to my passion for writing,I love exploring new places and learning new things. You can view my online profile here.

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