March is almost over, and April will begin in two days. When April starts, the new financial year, 2024-25, will also begin.
Some money-related rules will change from April 1, which will directly affect your finances. Let’s see what changes are coming.
SBI Debit Card Charges: Starting April 1, the State Bank of India (SBI) will increase charges for some debit cards, affecting many customers.
The yearly maintenance fees for these cards will go up. Remember, these charges can vary depending on the type of card you have.
NPS Rules Change: The Pension Fund Regulatory and Development Authority (PFRDA) will introduce Aadhaar-based login authentication for the National Pension System (NPS) from April 1, 2024.
LPG Price Changes: Government-set prices for LPG cylinders can change at the beginning of April. However, during election seasons, the chances of price changes are low.
Ola Money Wallet: Ola Money will switch from a ‘Full Know Your Customer Wallet’ (KYC) to a ‘Small Prepaid Instrument’ (PPI) wallet starting April 1, 2024.
This change aims to simplify the KYC process for customers, with a maximum wallet load limit of Rs 10,000.
Bank Holidays: The Reserve Bank of India (RBI) has announced that banks will be closed for 14 days in April due to various festivals like Eid and Ram Navami. You can find the list of bank holidays on the RBI’s official website.
