BusinessRules Change from October 1, 2024; PPF Account | BSE NSE Transaction Fees
From today i.e. from October 1, 2024, a 19 kg commercial gas cylinder has become more expensive by Rs 48. It will now be available for Rs 1740 in Delhi. At the same time, the rules related to PPF and Sukanya accounts have changed. The rules related to creation of PAN card have also been changed.
Apart from this, air travel could become cheaper due to falling aviation fuel prices. Oil marketing companies have reduced prices of aviation turbine fuel (ATF) by Rs 6,099 per kiloliter (1,000 litres).
6 changes that will arrive in October…
1. Commercial gas cylinders are getting expensive: Price increased by Rs 48, no change in domestic cylinder prices. From today, a commercial cylinder of 19 kg has become more expensive by Rs 48.50. Its price in Delhi increased by Rs 48.50 to ₹ 1,740. Earlier, it was available for ₹ 1,691.50. In Kolkata, it is available at ₹1,850.50, an increase of Rs 48, earlier its price was ₹1,802.50.
In Mumbai, the price of bottles increased by Rs 48.50 from Rs 1,644 to Rs 1,692.50. The cylinder is available for Rs 1903 in Chennai. On the other hand, there is no change in the prices of 14.2 KG domestic gas cylinders. It is available for ₹803 in Delhi and ₹802.50 in Mumbai.
2. ATF cheaper by Rs 4,567.76: Air travel can become cheaper Oil marketing companies have reduced Airline Fuel (ATF) prices in metros. This can make air travel cheaper. According to the Indian Oil website, ATF in Delhi has become cheaper by Rs 5,883 to Rs 87,597.22 per kiloliter (1,000 litres). At the same time, ATF in Kolkata became cheaper by Rs 5,687.64 to Rs 90,610.80 per kilolitre.
In Mumbai, ATF was available at Rs 87,432.78 per kilolitre, now it will become cheaper by Rs 5,566.65 and will be available at Rs 81,866.13. ATF price in Chennai decreased by Rs 6,099.89. It is now available at Rs 90,964.43 per kilolitre.
3. Change in PPF account rules: separate interests for minors There has been a change in the rules related to PPF account from today. According to the new rules, if a PPF account is in the name of a minor, the postal savings account interest rate will be applicable until he or she attains the age of 18 years. The existing PPF interest rate will be applicable on the account only after the account holder turns 18 years of age. The maturity period of the account will be calculated from this date.
At the same time, if someone has more than one PPF account, the interest rate will be paid on one basic main account. If the amount in the primary account is less than the prescribed investment limit (1.5 lakh), the amount in the second account will be merged with the first. After this merger, you will receive interest on the total amount as per the PPF interest rate. However, the total amount of both accounts should not exceed Rs 1.5 lakh.
4. Sukanya Samriddhi Yojana Account: Only legal guardians will be able to open the account. A major change has been made in the central government-run Sukanya Samriddhi Yojana, especially for girls. From now on, only legal guardians of girls will be able to open and manage these accounts on their behalf.
If a girl’s Sukanya account has been opened by a person who is not her legal parent, then she will have to transfer this account to her legal parents. Otherwise, this account may be closed.
5. Rules changed for PAN: Aadhaar Enrollment ID will not be able to be used. From now on, Aadhaar registration ID will not be used in place of Aadhaar number to pay income tax or create a PAN card. The aim of this change is to prevent any misuse of the PAN number. Along with this, it will also prevent a person from creating more than one PAN card.
6. Reduced transaction fees: NSE and BSE have made changes to the slab structure. NSE and BSE have changed the transaction fees charged for spot, futures and options trades. The transaction fee for the spot market in NSE will now be Rs 2.97/lakh value traded. While the transaction fee on stock futures will be Rs 1.73/lakh value traded.
While options will have a premium value of Rs 35.03/lakh. In the currency derivatives segment, NSE has maintained transaction fees for futures at Rs 0.35/lakh value traded. In foreign exchange options and interest rate options, this charge will be Rs 31.1/lakh, premium value.
segmentNOWunitAt slab level (first)Spot market2.97Value traded per Lakh2.97 – 3.22Futures shares1.73Value traded per Lakh1.73 – 1.88Stock options35.03Premium value per Lakh29.50 – 49.50
No change in petrol and diesel prices: Petrol in Delhi Rs 94.72 per liter
Even today, i.e. October 1, the prices of petrol and diesel have not changed. At present, petrol in Delhi is being sold at Rs 94.72 per liter while diesel is being sold at Rs 87.62 per litre. While in Mumbai, petrol is available at Rs 103.44 and diesel at Rs 89.97 per litre.