Many rules including those for ATMs and pensioners are going to change from May 1.
Here are some of the rules which will change from May 1:
Pensioners will get full pension
The Employees Provident Fund Organisation (EPFO) will start giving out full pensions from May to those who opted for commutation at the time of retirement. A commutation is an option given to pensioners to convert a part of their monthly pension into an upfront lump sum payment at the time of their retirement.
The full pension is restored after some time, 15 years in this case. The government, in February, had notified the restoration.
The move will benefit 630,000 pensioners every month and will cost the government Rs 1,500 crore at a time when it is facing a crunch due to the coronavirus outbreak and the related nationwide lockdown.
ATM rules
A new system will be put in place for ATMs to prevent coronavirus infection. According to the new rule, an ATM will be cleaned to make it infection-free after every use. It has been started in Uttar Pradesh’s Ghaziabad and Tamil Nadu’s Chennai. In a hotspot, now the municipal corporation will sanitise an ATM twice a day. If sanitation rules are not followed, the ATM chamber will be sealed.
