Financial Rules Changing: Many such changes are going to happen from April 1, which will have a direct impact on the pockets of common people. Know about this.
Money Rule Changes from 1 April 2024: The month of March is about to end and soon the new financial year 2024-25 will start. With the beginning of April, there are many money related rules which are going to change.
This includes changes in the method of logging in to the National Pension System and changes in the credit card rules of SBI. We are telling you about those rules, which are going to directly affect your pocket.
1. To log in to NPS account, two factor verification will have to be done.
Pension Fund Regulatory and Development Authority (PFRDA) has made changes in its login system to protect NPS subscribers from cyber fraud. Now to log in to the NPS account, NPS account holders will need the user ID and password as well as the mobile number linked to Aadhaar. PFRDA is going to introduce Aadhaar-based login authentication in NPS. This rule will come into effect from April 1, 2024.
2. There is going to be a change in the rules of SBI credit card
There is bad news for SBI credit card holders. Now the reward points received on rent payment will be stopped from 1st April. In this, this facility is being discontinued in SBI’s AURUM, SBI Card Elite, SBI Card Pulse, SBI Card Elite Advantage and SimplyCLICK credit cards.
3. Changes in the credit card rules of Yes Bank
Yes Bank has decided to give a gift to its credit card holders in the new financial year. Now customers will get free access to domestic airport lounge on spending at least Rs 10,000 in a quarter of the current financial year. The new rules will come into effect from April 1, 2024.
4. There is going to be a change in the rules of ICICI Bank’s credit card.
ICICI Bank is also going to change the rules of its credit card. From April 1, 2024, customers will get complimentary airport lounge access if they spend more than Rs 35,000 in a quarter.
5. Change in rules of OLA Money Wallet
OLA Money is going to change its wallet rules from April 1, 2024. The company has informed its customers by sending SMS that it is going to increase the limit of small PPI (Prepaid Payment Instrument) wallet service to Rs 10,000.
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