Starting from April 1, 2024, a new financial year, 2024-2025, begins. This means there will be new rules about handling money, like taxes and banking. These changes can affect how much money we have to spend and save. Paying attention to these changes is important because they can impact our financial choices. Knowing them helps us make better decisions about our money, like how we budget and invest for the future. So, keeping track of these changes is crucial for managing our money well in the new financial year.
Security for NPS Users
To make the National Pension System (NPS) safer, the Pension Fund Regulatory and Development Authority (PFRDA) has introduced new measures. Starting from April 1, 2024, whenever users log into the CRA system with a password, they will now need to go through a two-step Aadhaar-based authentication. This change is aimed at making NPS transactions more secure and ensuring the protection of subscribers’ interests.
Reward Points Changes for SBI Credit Card Users
Attention all SBI Card users! Starting April 1, 2024, there’s an important change happening regarding the accumulation of reward points on rent payment transactions. Specifically, for certain SBI credit cards like AURUM, SBI Card Elite, SBI Card Elite Advantage, SBI Card Pulse, and SimplyCLICK SBI Card, the accrual of reward points on rent payments will stop. This means that from April 1, 2024, users of these specific SBI credit cards won’t earn reward points when paying rent. Take note of this update to avoid any surprises with your credit card rewards.
Changes for YES Bank Credit Card Holders
Starting April 1, 2024, there’s good news for YES Bank credit cardholders! You’ll get complimentary access to domestic lounges if you spend Rs 10,000 or more in a calendar quarter. This means you can enjoy lounge facilities at airports across India without paying extra. So, keep an eye on your spending and enjoy the added benefits of your YES Bank credit card.
Lounge Access ICICI Bank Credit Card Holders
Great news for ICICI Bank credit card holders! Starting April 1, 2024, there’s a new benefit for you to enjoy. You’ll receive one complimentary airport lounge access by spending Rs. 35,000 or more in the previous calendar quarter. If you spend enough in January-February-March 2024, you’ll unlock lounge access for April-May-June 2024, and so on for the following quarters. It’s a fantastic perk for frequent travelers, so keep an eye on your spending to enjoy this added benefit with your ICICI Bank credit card.
Update for Ola Money Users
Heads up, Ola Money users! Ola Money has announced some changes to its services. Starting from April 1, 2024, Ola Money will transition entirely to small PPI (prepaid payment instrument) wallet services. This means there will be a maximum limit of adding Rs 10,000 to your Ola Money wallet per month. You may have received a notification about this change via SMS on March 22, 2024. So, keep this in mind when topping up your Ola Money wallet to avoid any surprises.
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