As we bid farewell to the current year, it’s crucial to be aware of the upcoming changes in rules that could impact various aspects of your digital and financial life.
Make sure to complete the following tasks before January 1, 2024, to avoid potential inconveniences:
1. Gmail Account Activity: Act Now to Prevent Closure
Google is implementing a rule that may lead to the closure of personal Gmail accounts that haven’t been used for an extended period.
If your Gmail account has been dormant for a year or more, log in and activate it to ensure its continued accessibility. Note that this rule doesn’t apply to business accounts.
2. New SIM Card Regulations: Biometric Details Mandatory
Starting from the new year, obtaining a new SIM card will involve providing biometric details as per new government regulations.
Ensure compliance with this rule when acquiring a new SIM to stay connected seamlessly.
3. Bank Locker Agreement Renewal: Don’t Forget to Sign
The Reserve Bank of India (RBI) has mandated that customers sign a new agreement for bank lockers.
If you have a bank locker, visit your branch and complete the signing process before December 31 to avoid potential issues in the future.
4. SBI Home Loan Rate Offers: Last Chance for Festive Discounts
Avail of the ongoing festive offer by State Bank of India (SBI) on home loans, offering a discount of 65 basis points (0.65 percent).
This special offer is applicable on Regular Home Loan, Flexipay, NRI, and Salary Class, concluding on December 31, 2023.
5. Bank of Baroda’s Festive Offer: Attractive Rates on Loans
Bank of Baroda has introduced the ‘BOB Ke Sang Festival Ki Umang’ campaign, featuring attractive festive offers on home loans, personal loans, car loans, and education loans. This campaign is active until December 31, 2023.
6. HDFC Bank’s Regalia Credit Card Lounge Access Rules
HDFC Bank has updated rules related to lounge access for its Regalia Credit Card. Effective December 1, cardholders will need to meet specific spending criteria to access lounges.
Spend Rs 1 lakh or more in a calendar quarter to qualify for lounge access.
7. UPI ID Activity: Ensure Activation to Prevent Closure
Inactive UPI IDs after December 31, 2023, will face closure. If you have a UPI ID that hasn’t been used in the last year, activate it by completing a transaction.
Keep an eye on notifications from your bank regarding the status of your UPI ID.
Stay proactive to avoid any disruptions and stay informed about these rule changes as we step into the new year.
