Important Changes Coming on February 1: Impact on Your Finances

1. New Guidelines for NPS Withdrawals

The Pension Fund Regulatory and Development Authority (PFRDA) has implemented changes to the rules for partial withdrawal of pension funds from the National Pension System (NPS).

Starting February 1, 2024, subscribers can now apply for partial withdrawal for reasons such as higher education expenses for children, wedding expenses for the subscriber’s children, and funds for the purchase or construction of a house or flat.

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Notably, this also includes withdrawals for a house purchased jointly with a legally married spouse.

2. Revised Authentication Rules for Bulk Emails

Effective February 1, there will be a change in authentication rules for sending bulk emails, impacting domains that send more than 5,000 emails per day.

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Google and Yahoo accounts will require DMARC compliance, maintenance of a spam rate below 0.3 percent, and implementation of a one-click unsubscribe system within two days.

Failure to adhere to these rules may result in rejected or bounced emails.

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3. Price Hike for Microsoft’s Commercial Software and Online Services

Microsoft India has announced a 6 percent price increase for its commercial on-premises software and online services, including Microsoft 365 and Dynamics 365.

It’s important to note that this price adjustment applies to new purchases and does not impact existing customer agreements made under the wholesale licensing agreement.

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4. LPG Price Adjustment on February 1

As is customary, the price of LPG cooking gas will be decided on February 1.

With the budget presentation scheduled for the same day, the announcement of the new gas cylinder price will be closely watched for potential implications on household budgets. Stay informed to manage your expenses effectively.



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