Upcoming Changes in April: What You Need to Know
April is just around the corner, and with it comes a wave of important changes. These changes will impact your insurance policies, NPS accounts, bank accounts, and more.
Here are the important changes:
Insurance:
• The Insurance Regulatory and Development Authority of India (IRDAI) mandates digitization of all insurance policies.
NPS:
- Two-factor Aadhaar authentication (2FA) will become mandatory for National Pension System (NPS) accounts.
SBI Debit Cards:
- State Bank of India (SBI) is increasing annual maintenance charges on several debit cards by up to ₹75.
ETFs:
- The Securities and Exchange Board of India (SEBI) has directed Asset Management Companies (AMCs) to stop fresh investments in Exchange Traded Funds (ETFs) starting April.
Credit Cards:
- SBI, AXIS, and YES Bank are implementing changes to their credit card rules.
LPG Cylinder Prices:
- LPG cylinder prices are likely to change on April 1st.
What You Should Do:
- Visit the websites of the respective organizations to learn more about these changes.
- Update your insurance policies, NPS accounts, bank accounts, and credit cards to reflect the latest changes.
- Don’t hesitate to contact the respective organizations if you have any questions.
Take some time to understand how these changes might affect you. Proactively update your accounts and take necessary actions to avoid any disruptions.
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