Money changes from July 1: With the beginning of the month of July, changes in many important rules are being implemented, whose direct impact will be seen on the pockets of the customers. If two-wheelers are getting costlier, then the interest rate will be higher on investing in RBI floating rate bonds.
With the beginning of the month of July, changes in many important rules have come into force. These changes will directly affect your pocket. Where PAN users will have to face the deactivation of PAN, then investors will be able to get more interest in RBI Floating Rate Savings Bonds. Apart from this, with Hero’s vehicles becoming expensive, many changes are going to be seen in July.
RBI Floating Rate Savings Bonds Interest Rate
In today’s time, among the best investment options, Fixed Deposit ie FD is given more importance. Anyway, all the banks offer good interest to the customers on these. Now from July 1, 2023, better interest is going to be given on RBI Floating Rate Savings Bonds than any FD. Interest is currently being paid on RBI Floating Rate Savings Bonds at the rate of 7.35 per cent, which has been increased to 8.05 per cent from July 1.
3 small savings schemes will get higher interest rate
Issuing a circular on 30 June 2023, the Finance Ministry has revised the interest rates for the July-September quarter. The Finance Ministry has increased the interest rates on 3 post office savings schemes for the July quarter. Which include- The interest rate on Post Office Time Deposit Scheme has been increased from 6.8 percent to 6.9 percent for 1 year. Interest rate on 2-year post office time deposit has been increased from 6.9 per cent to 7 per cent. The interest rate on the 5-year Recurring Deposit Scheme has been increased from 6.2 per cent to 6.5 per cent. Hero
bikes and scooters will be expensive from July 3
) said that it will increase the prices of its motorcycles and scooters by about 1.5 percent from July 3 due to several factors including increase in input cost. Let us inform that earlier in April 2023 also, the company had increased the prices by about 2 percent. Now Hero MotoCorp has said that the new prices will vary according to the vehicle model and markets.
HDFC Bank and HDFC merger
The merger between HDFC Bank and HDFC has become effective from 1 July 2023. This has been announced by HDFC Group Chairman Deepak Parikh. Both the top management teams of HDFC Bank and HDFC have spoken about its positive impact on financial companies, their shareholders, customers.
PAN-Aadhaar Card Link
The last date for linking PAN with Aadhaar was fixed as 30 June 2023. It was made mandatory to complete the linking process. Those who have not linked PAN with Aadhaar till June 30, their PAN will become inactive from July 1, 2023. At the same time, the Income Tax Department will duly consider the applications of those who deposited the penalty on June 30 but could not be linked.
Time limit for filing Income Tax Return (ITR)
Every taxpayer is required to file his Income Tax Return (ITR). The last date for filing income tax return is coming closer in July. If you have not filed your ITR yet, make sure to complete it by 31st July.
