New Delhi : As the new financial year commences on April 1, 2024, several significant rule changes are set to take effect, impacting various aspects of daily life for citizens across the country.
Here’s a comprehensive overview of the key changes:
1. SBI Debit Card Charges Increase:
State Bank of India (SBI) has announced an increase in the annual maintenance charges for some of its debit cards, effective from April 1, 2024.
Here are the revised charges:
| # | Card Type | Current Charge | Revised Charge |
|---|---|---|---|
| 1 | Classic/Silver/Global/Contactless Debit Card | ₹125/+ GST | ₹200/+ GST |
| 2 | Young/Gold/Combo Debit Card/My Card (Image Card) | ₹175/+ GST | ₹250/+ GST |
| 3 | Platinum Debit Card | ₹250/+ GST | ₹325/+ GST |
| 4 | Pride/Premium Business Debit Card | ₹350/+ GST | ₹425/+ GST |
2. LPG Gas Price Fixation:
The prices of LPG cylinders will be fixed on the first day of every month, including April 1, 2024.
Despite the new financial year, there is minimal expectation of a price increase this time due to the upcoming Lok Sabha elections.
3. Changes in NPS Login Method:
Starting April 1, 2024, the National Pension System (NPS) will undergo changes in its login method to enhance security and prevent online fraud.
Instead of OTP-based authentication, users will now log in through Aadhaar-based authentication.
4. Mandatory PAN-Aadhaar Linking:
The government has mandated the linking of PAN cards with Aadhaar cards, with the deadline set for March 31, 2024.
Failure to link PAN with Aadhaar by this deadline will result in the deactivation of the PAN number, subject to penalties for reactivation.
As these changes come into effect,
it’s important for individuals to stay informed and ensure compliance with the updated regulations to avoid any inconvenience or penalties.
