Many changes related to money are being implemented from the new year. These changes can both benefit you and cause problems. These changes include many changes like price of LPG cylinder, interest on small savings schemes, dearness allowance, bank locker rules.
Dearness allowance of government employees will increase
Dearness Allowance i.e. DA received by government employees comes into effect from January 1, 2024. However, it is usually announced in March. It is believed that this time there is a possibility of increase in DA by 4 percent, after which DA may increase to 50 percent. Read More – Monalisa shared photo in olive color swimsuit, showed charming looks at the age of 41…
UPI transaction
National Payments Corporation of India (NPCI) has said that UPI services will be discontinued from January 1, 2024 for accounts that have not been active for more than a year. This means that if your UPI account has not been used for transactions for more than a year, you will not be able to use it from January 1. The last date to activate UPI was December 31, 2023.
KYC rules changed for SIM card
According to the notification of the Department of Telecommunications (DoT), the paper-based Know Your Customer (KYC) process has been completely digitalized from January 1, 2024. As a result, there will be no need to submit paper documents or fill forms for KYC when purchasing a SIM card, it will be done digitally.
income tax return
The last date for filing belated or revised income tax returns for the financial year 2022-23 was December 31, 2023. If you have not filed your ITR by this deadline, then now you will not be able to file ITR for the financial year 2022-23. In such a situation, action can be taken against you under Section 234F of the Income Tax Act. Under this, if you do not file ITR, you can also go to jail. Read More – Thursday of Aghan: Welcome Goddess Lakshmi with 15 beautiful Alpana Rangoli designs…
Interest on Small Saving Scheme
On December 30, the government has announced the interest rates for small savings schemes for the last quarter of the current financial year. This means that the government has updated the interest rates on small savings schemes for January to March 2024. After the latest increase, the interest rate on Sukanya Samriddhi Yojana has been increased by 0.20 percent to 8.2 percent. Whereas, the interest rate on 3 year deposit scheme has been increased by 0.10 percent to 7.1 percent. The interest rates of other 10 small saving schemes have not been changed.
bank locker agreement
The Reserve Bank of India (RBI) has asked all locker holders to sign the new bank locker agreement by December 31, 2023. The bank locker of customers who are unable to do so can be frozen. Let us tell you that people rent lockers in banks to keep important documents, jewelery or other valuable items safe.
