In the new year, withdrawing money from ATM and buying clothes and footwear will be expensive, these 6 changes will happen from January 1

Posted on 29th Dec 2021 by rohit kumar

The new year i.e. 2022 is going to bring many changes with it. These changes will affect your life as well. From January 1, withdrawing money from ATMs and buying clothes and footwear is going to be expensive. We are telling you about 6 changes that will happen from January 1.

 

1. Withdrawing money from ATM will be expensive

RBI has approved to increase the charge on cash withdrawal after free transactions. Banks currently charge Rs 20 per transaction from customers. It does not include taxes. According to RBI, after the free transaction, banks will be able to charge Rs 21 from their customers instead of 20 per transaction. It does not include taxes. This rule will come into effect from January 1, 2022.

 

2. Buying clothes and footwear will be expensive

From January 1, 12% GST will be levied on clothing and footwear. The Government of India has increased the GST on textiles, readymades, and footwear by 7%. Apart from this, 5% GST will be levied on auto-rickshaw booking through online mode. That is, booking auto-rickshaws from app-based cab service provider platforms like Ola, Uber will now become expensive. However, there will be no change in auto-rickshaw fares through offline mode. It has been kept out of tax.

 

3. Children of 15 to 18 years will be able to register for the vaccine

The corona vaccine will be administered to children in the age group of 15 to 18 years from January 3 in the country. For this, registration can be done on the Cowin app from January 1. 10th class ID card will also be considered as identity proof for registration.

 

4. India Post Payment Bank Increased Charges

India Post Payment Bank (IPPB) account holders will have to pay a charge for withdrawing and depositing cash over a certain limit from January 1. Cash withdrawal 4 times every month from Basic Savings Account will be free. After this, a 0.50% charge will have to be paid on every withdrawal, which will be at least Rs 25. However, there will be no charge for depositing money in Basic Savings Account.

 

There will be no fee for depositing up to Rs 10,000 in a savings account and current account other than the basic savings account. After 10 thousand 0.50% fee will be levied. Which will be a minimum of 25 rupees per transaction. Cash withdrawal up to Rs 25,000 per month will be free in savings and current accounts and 0.50% will be charged on every transaction thereafter.

 

5. Will be able to watch live cricket matches on Amazon Prime

Amazon's OTT platform will now also be able to watch live cricket matches on Prime Video. Amazon Prime Video is entering live cricket streaming play next year with a Test series between New Zealand and Bangladesh from January 1, 2022.

 

6. Buying a car will be expensive

In the new year, you will have to pay a higher price to buy cars from almost all car companies including Maruti Suzuki, Renault, Honda, Toyota, and Skoda. Tata Motors will increase the prices of commercial vehicles by 2.5% with effect from January 1, 2022.

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