From online banking to LPG cylinders, these rules change from 1st December 2020

Since these rules will affect your daily life, it is important to learn more about these changes in detail. These are some of the rules that will change as of December 1.

Starting December 1, many rules will change, from LPG cylinder prices to new schedules for the Real-Time Gross Settlement System (RTGS), things that have a huge impact on the lives of the average human being.

Since these rules will affect your daily life, it is important to learn more about these changes in detail. These are some of the rules that will change as of December 1.

Real-time gross settlement system (RTGS)

The Reserve Bank of India said in October 2020 that the Real Time Gross Settlement System (LBTR), used for high-value transactions, will be available 24 hours a day from December 2020.

Currently, RTGS is available to customers from 7:00 a.m. to 6:00 p.m. every business day of the week, except the second and fourth Saturday of each month. In announcing the bi-monthly monetary policy decision of the Reserve Bank of India, the Governor of the Reserve Bank of India, Shaktikanta Das, announced that clients will have 24-hour access to a Real-Time Gross Settlement System (RTGS). RTGS is a financial transaction system, where there is a continuous and real-time settlement of money transfers, individually, transaction by transaction. LBTR transactions or transfers have no amount limit.

LPG cylinder prices

Oil trading companies review LPG prices on the first day of each month based on the oil prices on world markets. The OMCs are expected to announce a price revision for LPG cylinders.

Restored train services

Earlier, a media department reported that host train services will be restored from December. These included Punjab Mail and Jhelum Express. Some media reports indicated that the railways have drawn up an initial plan to bring back 17 postal and express trains to the Punjab region as of November 24, while Pune Jammu-Tawi Jhelum Express services are expected to start from December 1.

Also Read: Government announces new Covid-19 guidelines from December 1