New Financial Rules 2024-25: As soon as the new financial year starts, these rules have changed from today, you will have to pay attention

Financial Year 2024-25: The financial year 2024-25 is going to start from today. You will have to face many new rules in the new financial year. All these rules are going to have a direct impact on your life. Let's take a look at all these new rules.

EPFO account transfer

If an employee changes jobs in the new financial year, his Employees' Provident Fund Organization (EPFO) account will automatically be transferred to the new company. Till now the employee had to submit a request to transfer the account.

Freedom to choose the tax system of your choice even if the new tax regime is the default

The new tax regime has become the default tax system in the new financial year but it is not mandatory. Therefore, you have to pay attention while filing tax returns. If you have chosen the old tax regime while filing an income tax return, then you will not automatically come to the new tax regime.

Fastag will not work if there is no KYC

If you have not updated Fastag KYC by March 31, then toll payment will become difficult. Your Fastag will be deactivated from today.

NPS account login rule

The rules for logging into the NPS account have changed from today. Now to log in to the NPS account, you will have to enter the OTP received on the mobile number linked to Aadhaar along with the ID password.

SBI debit card maintenance fees increased

The annual maintenance fee of the SBI debit card has increased from today. Also, the reward points received on making rent payments through the SBI credit card will not be available from today.

Airport lounge access on these cards

ICICI Bank is starting complimentary airport lounge access from today. This facility will be available to those people who spend up to Rs 35 thousand in a quarter on credit cards. Yes Bank will also provide lounge access at domestic airports on spending Rs 10,000 in a quarter.

Insurance policy surrender rules

From today, the rules for surrendering the insurance policy have also changed. Now the surrender value will depend on how many years you have surrendered the policy.

Medicines will become expensive

The prices of many medicines have increased since April 1. The drug price regulator has increased the prices of some essential medicines like pain killers, antibiotics and anti-infection medicines under the National List of Essential Medicines (NLEM).