From gas cylinders to banking rules, these rules will change from 1 May

A lot is going to change in the country from May 1. Many of this will apply to the general public. So it is very important to know about these changes before the 1st of May. You should know about these new rules.

There is only one day left in the month of April. Many things are going to change in the country from May 1. This includes banking, gas cylinders and covid vaccination etc. All these will have a direct impact on the pockets of the general public. Come, know what will change from May 1?

1. Axis bank going to do this change

Axis Bank has changed the rules for keeping minimum balance in savings account with effect from 1 May. Withdrawal of cash from ATM after free limit from May 1, will have to pay double charge as compared to the current time. Apart from this, the bank has already increased the charge for other services. Let us tell you that Axis Bank has increased the minimum average balance limit from 1 May 2021. The minimum balance requirement has been increased from Rs 10,000 to Rs 15,000 for an account with Easy Savings Schemes of Axis Bank.

2- People over 18 years of age will be vaccinated

The third phase of the Covid vaccine will begin on May 1. This is going to happen at a time when there is a big crisis in the country due to Corona. In the third stage of the Covid vaccine, everyone over the age of 18 has to be vaccinated by Kovid. The government has changed many rules and is going to implement many new rules. This time, registration has been made compulsory for everyone to get vaccinated.

3. IRDA doubles the cover amount of the policy

Let me tell you that amid the second wave of Corona, the insurance regulator IRDA has directed to double the cover amount of the Arogya Sanjeevani policy. Insurance companies will have to offer a policy covering up to 10 lakh rupees by May 1. Apart from this, the maximum coverage limit of the Arogya Sanjeevani Standard Policy starting from April 1 last year was only up to Rs 5 lakh.

4- Gas cylinder prices will be changed

Government oil companies change the price of gas cylinders on a date of every month. On May 1, new gas prices will be fixed. In this, whether the prices are reduced or increased. In such a situation, the prices of gas cylinders will change from May 1.

5 – 12 banks will be closed in May

There will be a total of 12 days off in banks in the month of May. Some of these days will be when banks across the country will not be closed. Rather, this holiday will be locally at some places. The holiday list released on the RBI website states the holiday at the state level.