From new FASTag rules to revised credit card rules. Here are key changes that will take effect from August 1.
FASTag rules
According to the new rules following changes will be introduced from August 1. Users should replace FASTags older than 5 years.Know Your Customer (KYC) should be updated by October 31.KYC must be updated for FASTags issued 3 years ago.
New vehicles must be registered with updated FASTag within 90 days of purchase. In terms of linking vehicles,the registration number and chassis number must be mandatorily linked with the FASTag. Apart from these rules, the revised rules also mandates to verify databases, upload clear photos of the car’s front side and must also link FASTag to a mobile number.
HDFC credit card rules
HDFC Bank has revised its terms and conditions for credit card holders from August 1. The bank will charge 1 per cent fee on all the rental transactions done through third-party payment apps such as PayTM, CRED,MobiKwik, and Cheq etc. Fees will also be charged on utility, fuel, education and international transactions. The bank has also revised late payment charges, fees on redeeming rewards, finance charges on outstanding fees and EMI processing fees.
Also read | THIS NEW CREDIT CARD RULE MAY COST YOU MORE | HERE’S WHY
Ola Electric IPO
Ola Electric IPO will be open for subscriptions from August 1 to 6, with the anchor offer opened on August 1, and the public offer on August 2. The IPO aims to raise roughly $740 million, which will be a first by an Indian electric vehicle maker.
Ceigall India IPO
The subscription period for the Ceigall India IPO is set to begin on Thursday, August 1, and end on Monday, August 5. The price band for the offering has been set at ₹380 to ₹401 for each equity share with a face value of ₹5. The allocation to anchor investors for the Ceigall India IPO is scheduled.
Common Admission Test (CAT) registration
Registration for the Common Admission Test (CAT) will begin from August 1 at 10 am. The Indian Institute of Management (IIM)-Calcutta released the notification for online registration of CAT 2024. Candidates can apply to various postgraduate and Fellow/Doctorate programs of the IIMs through the official website of IIM CAT, iimcat.ac.in.
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