The main changes that will affect the middle class from November 1

As October ends and November begins, several rule changes will take effect on November 1st that will impact everyday spending. Here are the six main changes:

1. Prices for liquefied petroleum gas cylinders: Every month, oil companies revise prices for liquefied petroleum gas. On November 1, they may adjust prices for domestic cylinders with a capacity of 14 kg, which have recently remained stable. However, commercial cylinder rates are rising, with the last hike being Rs 48.50 in Delhi on October 1.

2. Tariffs for ATF, CNG and PNG: Oil companies are also adjusting air turbine fuel (ATF), CNG and PNG rates on the first of every month. ATP prices have fallen in recent months and a holiday decline is expected this time. CNG and PNG prices may also change.

3. SBI Credit Card Rules: SBI Card, a subsidiary of State Bank of India, will bring changes for credit card users. Starting November 1, unsecured SBI credit cards will be charged a monthly fee of 3.75%. Additionally, utility bills over Rs 50,000 such as electricity and gas are subject to a 1% charge.

4. Regulations on mutual funds: SEBI, the market regulator, will introduce stricter insider trading rules for mutual funds. From November 1, AMCs will have to report transactions of more than Rs 15 lakh involving nominees or relatives to compliance officers.

5. New communication rules: The government has directed telecom operators such as Jio and Airtel to implement message tracking to curb spam. Telecommunications companies will block spam numbers, limiting the reach of their messages to users.

6. Public holidays: Banks will be closed for 13 days in November due to bank holidays and elections. However, online banking services will be available 24/7 to enable users to manage their transactions.

These changes aim to regulate various sectors and may impact consumer spending and access to services.