Today is the start of a new financial year, which began on April 1, 2024. Some important changes have happened in the country that affect your money. Let’s talk about six big changes:
LPG Gas Price: Companies that sell gas change their prices on the first day of each month.
This month, they lowered the price of big gas cylinders used for businesses. For example, in Delhi, the price went down by Rs 30.50 to Rs 1764.50.
EPFO’s New Rule: The Employee Provident Fund Organization (EPFO) made a new rule.
Now, when you change jobs, your old PF money will automatically move to your new account. This means you don’t have to transfer it yourself.
NPS Rules: The National Pension System (NPS) has a new security system starting from April 1. It uses Aadhaar for safety.
FasTag KYC: If you didn’t update your FasTag KYC by March 31, 2024, you might face problems using it from April 1. It’s now mandatory to update it.
Insurance Policy Digitalization: From April 1, 2024, all insurance policies, like life, health, and others, will be digital. This means they’ll be managed online through a secure platform.
Changes in SBI Credit Cards: Some SBI credit cards, like AURUM and Elite, will stop giving reward points for fare payments starting April 1, 2024.
