Whenever the month starts, there is definitely some happiness, because everyone’s salary comes at the beginning of the month.
However, at the beginning of the month, many things also change, such as the increase in the prices of things. Now if seen, the month of April is about to end and May is about to begin. The month of May is going to start with a lot of changes. Let us know how the beginning of May will be for you.
Banks will remain closed for four consecutive days:
If you often work in a bank, then this is important for you to know. In fact, from May 1 to May 4, banks will remain closed for four consecutive days. However, these holidays will vary from state to state. The festival of Eid is in the beginning of May itself. Banks will be closed for about 11 days in this entire month including Saturday and Sunday.
Cylinder prices may increase:
In the beginning of May, companies can consider the prices of gas cylinders. It is expected that domestic gas prices may increase this month. It is worth noting that last time the price of cylinder was increased by Rs 50.
UPI payment limit to be increased in IPO:
Another big change will happen this month along with other changes. Actually this month the limit of UPI payment for retail investors will be increased. According to the new rules of SEBI, to invest in IPO of a company after May 1, you can submit a bid of up to Rs 5 lakh while making payment through UPI. Well, at present this limit is Rs 2 lakh. The new limit will be applicable from May 1.
