Changes from May 1: UPI will increase payment limit in IPO, travel will be expensive and increase in cylinder price is possible
The month of April is about to end and May is about to begin. Like every month, May is also going to start with many big changes. This month will start with the banking holiday and there will be a big change for those paying UPI to invest in IPO. Apart from this, the price of LPG gas cylinder is also expected to increase.
UPI payment limit increased in IPO
Talking about the other big changes from May 1, if you are a retail investor and pay through UPI to invest in the IPO of a company, then according to the new rules of SEBI, you can now submit a bid of up to Rs 5 lakh. can do. At present this limit is Rs 2 lakh. The new limit will be valid for all IPOs that come after May 1. Let us inform here that the market regulator SEBI had allowed the payment of UPI for investment in IPO in November 2018 itself, which is effective from July 1, 2019.
Cylinder price may increase
Like every month, at the beginning of this month, the companies will take a decision regarding the price of the gas cylinder. This time also the common man may get a shock and the price of LPG cylinder can be increased. It is worth noting that last time the price of a gas cylinder was increased by Rs 50.
Travel on Purvanchal Expressway will be expensive
The Yogi government of Uttar Pradesh has decided to impose toll tax on the 340 km long Purvanchal Expressway connecting the capital Lucknow with Ghazipur. Toll tax collection will start on Purvanchal Expressway from May 1. According to the report, toll tax will be charged at the rate of Rs 2.45 per kilometer on Purvanchal Expressway.
Expressway is 340 km long
This 340 km long expressway was developed in eight packages. 22 flyovers, 7 railway overbridges, 7 major bridges, 114 minor bridges have been built in this expressway. Apart from this, 45 vehicle underpasses, 139 small vehicle underpasses, 87 pedestrian underpasses and 525 box culverts have been constructed on the expressway. This expressway has been constructed at a cost of about Rs 11,216 crore.
Banks will remain closed for four consecutive days
If there is work related to the bank, then the beginning of the month of May is important for you too. Let us tell you here that from May 1 to May 4, banks will remain closed for four consecutive days. These holidays will vary from state to state. Along with this, let us tell you that including Saturday and Sunday, banks will remain closed for the entire 11 days of this month.