These changes will take place from December 1: Changes in rules including credit card-SIM card

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1 December Rule Changes: Every month some rules are changed in the country. Changes may be seen in banking, telecom, technology and other sectors before the end of the year. Many new rules related to SIM cards, HDFC credit cards, gas cylinders will come into effect from December 1, 2023. In such a situation, it is important for you to know the new rules that will be applicable from December. Let's know what effect these new rules can have on common people?

New SIM card rules

A new SIM card rule by the central government from December 1 deals with the purchase and sale of SIM cards. According to the Department of Telecommunications, SIM cards can no longer be purchased without KYC. Apart from this, the rule of selling limited SIM cards on one ID will also be implemented. Violators may be fined up to Rs 10 lakh and imprisoned. Under these new rules, SIM card sellers will have to register and go through the KYC process under the system.

HDFC Bank Credit Card

Under the new rules, HDFC Bank will change its Regalia Credit Card rules. From December 1 onwards, users will have to pay Rs. 1 lakh or more will be spent. In the quarters of January to March, April to June, July to September, October to December, users will have to spend up to Rs 1 lakh, after which they can get lounge access. Users can avail lounge access only twice in a quarter. There is also a transaction fee of Rs 2 for this. Whereas, MasterCard users will be charged a fee of Rs 25, which will be refunded later.

LPG cylinder price

The price of LPG cylinders may also change next month. An increase of Rs 100 has been seen in the price of commercial LPG cylinders in the month of November. According to a guess, it can also be said that this too has seen an increase in prices due to the wedding season. But the chances of change in the price of LPG cylinders used for home consumption are very less.

New loan rules

The loan related regulations by RBI will be implemented from December 1, 2023. Under this, the property documents submitted by the bank for disbursement of the loan will be required to be returned within 1 month of disbursement of the loan. If the bank does not do so, it may have to pay a penalty of up to 5000 rupees.

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