India is going to see a couple of changes from June 1. Thesechanges will have a direct impact on your pocket and lifestyle. Thus, it willbe better that we become aware of these in advance.
Bank of Baroda’s change in cheque payment system
From June 1, payment by cheque in Bank of Baroda is going tochange. To protect customers from frauds, now a Positive Pay Confirmation willbe required. The objective of this new process is to prevent deception to customersfrom bad actors. However, only for amount more than Rs 2 lakh will this systembe invoked where the issuing customer will have to confirm that the payment wasmade the bank account holder. To enable Positive Pay Confirmation, someinformation regarding the cheque issued will have to be entered into the bank’ssystem electronically. This can be uploaded using SMS, mobile app, internetbanking, or ATM.
LPG gas cylinder prices to change
It must be noted that all over India, the companies provingcooking gas update their prices for the consumers. The retail prices of LPGcylinders may increase or decrease. Thus, on June 1, there can be a change inthe prices of LPG gas cylinder.
Payment for more storage on Google
You will not be able to upload unlimited photos on GooglePhotos. According to Google, this free quota of 15 GB is to be used for theiremail service, Gmail, also in addition to every Google service except YouTube.So, if you want to use more than 15GB of storage, then you will have to pay.Till now, unlimited storage was free.
Income Tax Returns filing website will be offline
From June 1 to June 6, the Income Tax Department websitewill be offline. While on June 7, the Income Tax Department will launch a newportal for the taxpayers. According to the notification, majority of thewebsite will be updated. Also, the link will be changed from incometaxindiaefiling.gov.into incometax.gov.in
Unlock process will start
From June 1, Delhi and Madhya Pradesh may get relief from lockdown.In India, the cases of Corona have begun decreasing. In light of this, thedecision to unlock may be taken. However, in cities with more cases this hopeis less.