The month of July is approaching quickly, and there are five important deadlines and rule changes that you should be aware of.
These changes are directly related to your finances. Let’s look at each of them in detail.
1. Income Tax Return (ITR) Filing
If you are a salaried person, it is necessary to file your income tax return by July 31.
Missing this deadline may result in a penalty if the date is not extended.
2. Paytm Wallet Closure
The Reserve Bank of India has taken significant action regarding Paytm Payments Bank.
Paytm has announced that inactive wallets with zero balance and wallets with no transactions for a year or more will be closed on July 20, 2024. Customers have already been informed about this change.
3. ICICI Credit Card Rule Changes
ICICI Bank is updating some rules related to their credit cards starting July 1.
The most notable change is the increase in the card replacement fee from Rs 100 to Rs 200.
4. PNB RuPay Platinum Debit Card Program
Punjab National Bank is revising the lounge access program for RuPay Platinum Debit Card holders.
Starting July 1, 2024, domestic airport or railway lounge access will be available once per quarter. International airport lounge access will be available only twice per year.
5. Citibank Credit Card Migration
Citibank credit card users should note that their accounts have been acquired by Axis Bank.
The migration of all Citi Bank relationship and credit card accounts to Axis Bank is expected to be completed by July 15, 2024.
Make sure to take note of these deadlines and changes to avoid any potential issues with your finances.
