Bank Customers Alert: These 7 Rules Will Change From 1st September

Many rules related to banks will change from 1^st September 2019 (Sunday), which may have a direct impact on your life. The new set of rules has come with many benefits for the bank customers including cheap home loans and Kisan Credit Card within 15 days. In addition the bank timings will also change for the benefit of general public.

Important changes in Bank rules from 1st September 2019 are as follows:

Bank Timings

In general, banks in India open at 10am for general public but from 1^st September 2019, these timings may change for the PSBs. Now, the PSBs may have to start banking functions for consumers from 9am. The Ministry of Finance has already issued directives to the PSBs to begin banking operations at 9 in the morning from September 1st.

Kisan Credit Card within 15 days

From 1^st September 2019, it will be easy for the farmers to get Kisan Credit Card (KCC). Banks will now issue KCC within 15 days to farmers. The Central Government has already issued a notice to different Indian banks in this regard.

SBI Home Loans will be cheaper

From 1^st September 2019, State Bank of India home loans will become cheaper. This is because the repo linked lending rate (RLLR) of SBI has changed the pattern of the home loan industry. SBI has cut home loan interest rate by 0.20%. From September 1, the interest rate on home loan will be 8.05 %.

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