News Desk: In the beginning of May, many big changes will be seen. Inflation is going to hit from the first date of the month. Also the bank will also be closed. The prices of LPG cylinders used in everyday life have seen a huge jump. Apart from this, there are many other changes to be made.
Increase in cylinder prices: In the first week of May itself, companies can increase the prices of cylinders. It is known that there is a possibility of a huge jump in the prices of domestic gas. Talking about the last time, an increase of Rs 50 was seen in the prices of gas cylinders. The same, at the beginning of the month, the bank will remain closed from May 1 to 4. These holidays will be decided by the state according to its own i.e. holidays will be according to the states. This includes the holidays of Eid etc. In such a situation, the work of the bank will be disrupted for 4 days. In these four days, one day will be closed even on Sunday. There are total 11 holidays in this month, which include Saturday and Sunday.
Change in UPI payment limit in IPO: UPI payment limit will be increased for retail investors from May 1. According to the new rules of SEBI, to invest in the IPO of a company from May 1, you can bid up to Rs 5 lakh by paying through UPI. At present this limit is Rs 2 lakh. The new rules will be valid for all IPOs after May 1. SEBI had allowed payment of UPI for investments in IPOs in November 2018 itself, with effect from July 1, 2019.
