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Rule Change From 1st January, these 5 big changes will be implemented in the country
New Year Rule Change: Only a few hours are left for the year 2023 to end. The year 2024 will begin with the New Year celebration at 12 o’clock in the night. Not only will the year change from tomorrow, but many rules will change around you. These rules belong to you. Some will impact your pocket and some will give you relief. From gas cylinder to SIM card, many rules will change around you from January 1, 2024. You should know about these rules once before the beginning of the year.
LPG gas cylinder
Various prices of gas cylinders will be announced on January 1. Oil companies release the new price of gas cylinder on the first of every month. Now, whether you get relief or a shock on the first day of the year, it will be known only tomorrow. As per its election promise, the Rajasthan government has announced to provide gas cylinders to Ujjwala beneficiaries for Rs 450. This will come into effect from January 1.
Changes in small savings scheme
Modi government has changed the interest rates of Small Savings Scheme for the first quarter of the current financial year. Interest rates on small savings schemes have been increased for the fourth quarter i.e. January to March 2024. The government has increased the interest rate on Sukanya Samriddhi Yojana by 0.20 percent from 8 to 8.02 percent. Similarly, the interest rate on three-year fixed deposits has been increased by 0.10 percent from 7 percent to 7.01 percent.
buying a car is expensive
Buying a new car in the new year will become expensive for you. Automobile companies like Maruti Suzuki, Hyundai, Mercedes have announced increase in the prices of vehicles from January 1. Audi has announced to increase the prices of its vehicles in India by 2 percent from January 1, 2024.
Google Pay, Phone Pay, Paytm will become inactive
If you do not use UPI for a long time, your account will become inactive. National Payments Corporation of India has said that payment apps like GooglePay, PhonePe, Paytm, which have been inactive for a year, will be deactivated from January 1. If you have not used your UPI ID for the last one year, then do at least one transaction without any delay.
locker agreement
RBI has fixed the deadline for submitting the revised bank locker agreement as 31 December 2023. If you do not submit the bank locker agreement by 31st December, the locker may be frozen from 1st January.
dement account
If you invest in shares then you must have a demat account. The rules related to demat account will change in the new year. SEBI has made nominee mandatory for demat account. If you have a demat account then add the nominee to it immediately. If you do not do this, your account will be deactivated.
SIM card rule
The rules related to SIM cards will change from January 1. According to the new rule, there will be only digital KYC for purchasing SIM cards from January 1. Currently, an offline form is filled to purchase a SIM card, which will be abolished in the new year.
fee for base
Free facility for online updation of Aadhaar has been provided till 31st December. To update Aadhaar from January 1, 2024, you will have to pay a fee of Rs 50.
The last date for filing income tax returns for the financial year 2022-23 is ending on December 31. If you miss the deadline of 31st December, your difficulties may increase. The last date for filing delayed and revised ITR is 31 December 2023. If you miss this opportunity and file ITR late, you can be fined Rs 5,000.
