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These changes will have a direct impact on your finances, daily activities, and digital transactions.
SBI will implement a major policy change for its credit card users.
As November draws to a close, significant changes are set to take effect from December 1, impacting households across the country. From LPG cylinder prices to new credit card policies, here’s a rundown of the major shifts you need to know about:
1. LPG Cylinder Prices
The government regularly adjusts LPG prices at the start of each month, and December will be no exception. After a price hike in October for the 19 kg commercial gas cylinder, a change in LPG rates is expected. While the price of commercial cylinders increased by Rs 48 last month, there was no change in the price of domestic cylinders. Keep an eye out for potential price adjustments on both domestic and commercial LPG cylinders starting December 1.
2. Changes in SBI Credit Card Rules
Starting December 1, the State Bank of India (SBI) will implement a major policy change for its credit card users. Those who use their SBI credit cards for transactions related to digital gaming platforms or merchants will no longer earn reward points. This new rule will affect all SBI credit cardholders who engage in digital gaming transactions. Make sure to review your credit card usage to avoid any surprises.
3. Bank Holidays in December
December will see a total of 17 bank holidays, as announced by the Reserve Bank of India. This means banking services will be unavailable on these days. Before visiting your bank for any pending transactions or services, be sure to check the complete list of holidays to plan accordingly.
4. New Traceability Rules for Digital Messages
The Telecom Regulatory Authority of India (TRAI) is set to enforce its new traceability rules from December 1, 2024. These regulations are designed to combat scams and phishing by making commercial messages, including OTPs, more traceable. Initially set to go into effect on November 1, the deadline for implementation has been extended to December 1. This move is expected to enhance the security of digital communications.
These changes will have a direct impact on your finances, daily activities, and digital transactions. Be sure to stay informed and prepare for the adjustments starting from December 1.