Several major changes in banking and other sectors which will come into effect from next month are likely to affect the daily lives of people big way. Reports suggest that changes will be implemented in the Pension Rule, bank cheque books, investments rules and more.
From October 1, pensioners who are aged 80 and above, will have the option to submit their digital life certificates at “Jeevan Pramaan Centres” of respective head post offices in the country. To facilitate the process before the deadline, the Indian Postal Department has been directed to reactivate IDs of these “Jeevan Pramaan Centres” in case their IDs were closed.
Along with that, old cheque books and MICR (Magnetic Character Inc Recognition) code of three banks will become invalid from the starting of the next month. This will be seen in Oriental Bank of Commerce, United Bank of India and Allahabad Bank.
Auto debit facility rule will also be changed from the commencement of October. Reserve Bank of India has directed the banks to carry out an “additional factor authentication,” following which monthly payment for subscriptions to over-the-top (OTT) platforms will not take place without the subscriber’s approval.
The investments rules will also be changed. The Securities and Exchange Board of India (SEBI) announced that the junior employees working with asset management companies now need to invest 10 per cent of their gross salary in units of that mutual fund. The requirement will rise to 20 per cent of gross salary from October 2023.
An inebriated school bus driver allegedly abandoned the vehicle with nearly 40 students on board to take a nap on the highway. The shocking incident has been reported from Andhra Pradesh’s Krishna district.
Vyasanagar Municipality chairperson Sangeeta Pingua in video. Sangeeta lambasting Municipality executive officer Ashok Rout. Shouts at executive officer & throws file at him. Sangeeta was reportedly agitated over an approval for a Bio-metric system and Jio Telecom tower in Ward 8 of Vyasanagar City.
Odisha Chief Minister Naveen Patnaik promised district status to Padampur by 31 December 2023 ahead of the bypolls. The decision from the CM came after a discussion with the members of the action committee at Naveen Niwas in Bhubaneswar.
Cuttack’s popular Bali Yatra festival has entered the Guinness World Records for ‘Most People Folding Origami Sculptures’ simultaneously. The event was organised by Cuttack Municipal Corporation (CMC).
An inebriated school bus driver allegedly abandoned the vehicle with nearly 40 students on board to take a nap on the highway. The shocking incident has been reported from Andhra Pradesh’s Krishna district.
Vyasanagar Municipality chairperson Sangeeta Pingua in video. Sangeeta lambasting Municipality executive officer Ashok Rout. Shouts at executive officer & throws file at him. Sangeeta was reportedly agitated over an approval for a Bio-metric system and Jio Telecom tower in Ward 8 of Vyasanagar City.
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