These 10 Changes Will Hit An Indian’s Daily Life From December 1  

Narendra Modi  - Sakshi Post

Anvesh Reddy

In an age of disruption and massive transformation, India is gearing up to tighten structural loopholes in its financial and banking services. For one, the Narendra Modi government has certainly made the average Indian conscious about spending through cash, filing IT returns and tax relief on products and services through GST, thanks to the back-to-back corrective exercises in the last three years, the implementation of GST and demonetization.

Irrespective of the hassles of demonetization and privacy woes over the usage of Aadhar as an identity document, the Centre has been successful in amalgamating resources to extend its welfare schemes under a single mainstreamed aegis, a foundational remedy made for problems that plagued governments in the past.

Shining examples of its results are the rollout of Pradhan Mantri MUDRA Yojana, Pradhan Mantri Jan-Dhan Yojana and Ayushman Bharat schemes. Through Pradhan Mantri Ujjwala Yojana, Narendra Modi garnered global acclaim for enabling access to clean energy to 3.7 crore women, thereby helping reduce air pollution caused by the traditional cooking stove.

Now, India is gearing up for yet another series of structural changes in banking, aviation, insurance and financial sectors. Starting December 1, India's largest public bank, the State Bank of India will implement a major chunk of these 10 changes that would make life easier:

1. Update KYC To Avoid Loss Of LPG Connection:

As per a government directive, as many as 1 crore LPG consumers were asked to get their Know Your Customer (KYC) process done by December 1, after which, the connections without KYCs would be terminated. Further, the government has entrusted the responsibility of KYC process to gas agencies--Bharatgas, HP Gas, Indane etc.

2. SBI Internet Banking

SBI users were asked to update their mobile numbers with their bank accounts by November 30. Failing to do so will allow the bank to block your Internet Banking facility.

3. Pension Loans With Festive Offers

All Central, State Government and Defense pensioners aged under 76 could avail a pension loan without having to pay the processing fee before November 30.

4. Jeevan Pramaan For Pensioners

Now, SBI sought from pensioners who wish to continue receiving their pension their Life Certificate by November 30. Without the hassle of physically producing the documents, the pensioners can now upload the Life Certificate online at Jeevan Pramaan, an Aadhaar-based Digital Life Certificate.

5. Scrapping SBI Buddy

The SBI informed its users to withdraw the amounts they deposited in the SBI Buddy wallet before November 30. Keeping in account the success of SBI Yono, the bank decided to scrap the wallet.

6. Replace Your Debit Card With New EMV Cards

Now, replace your old debit cards with the new EMV (Europay, MasterCard and Visa) chip cards for enhanced security. All users could replace their cards at any branch before the end of the year.

7. Revision In Delhi Airport Services

If you are to travel abroad from the national capital from December 1, you would pay an extra Rs 77 per ticket, thanks to the revision in service charges. Earlier, the charge per a domestic ticket was Rs 10 while it was Rs 45 per an international ticket.

8. Non-stop Jet Airways Flight From Pune To Singapore

A new flight service from Pune to Singapore would be introduced from December 1. In a first, the Jet Airways will introduce the service.

9. PAN Card Mandatory For Banking Services

The CBDT directed that any individual who makes yearly transactions worth Rs 2.5 lakh and more should possess a PAN card.

10. Father Name Not Required In PAN Application

In a relief to PAN card applicant's with deceased or separated father, the authorities have lifted the mandatory rule on mentioning father's name.

Also Read:What Narendra Modi Said At NITI Aayog Summit

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