New Rules Update: The new financial year 2025-26 is going to start from 1 April 2025. Many big changes can be seen in the country at this time. These changes can have a direct impact on your pocket. These changes include ATM related rules, minimum balance TDS etc. Let’s know about all these changes in detail.
New Rules Update: Only a few days are left for the new financial year 2025-26 to start. At the same time, many big changes are going to happen. These changes can affect the financial condition of the person. Very soon in the country, rules ranging from ATM transactions to TDS are included.
These 10 big changes will happen from April 1
1. Positive Pay System
According to media reports, many banks can implement Positive Pay System from April 1. Now if a person makes a check transaction of more than Rs 5000. So in such a situation, the check number, date, payee’s name and amount will be verified. So that money related fraud is reduced.
2. LPG, CNG and PNG
According to the rule, oil companies change the price of LPG, CNG and PNG on the first of every month. Therefore, the prices of LPG, CNG and PNG may increase or decrease on 1 April.
3. Changes related to ATM
- Many changes related to ATM can happen on 1 April. If media reports are to be believed, the bank can reduce the limit of withdrawing money. At the same time, the cash withdrawal fee after the free limit can increase from Rs 17 to Rs 19.
- At present, three cash withdrawal transactions are free in metro cities like Delhi, Mumbai, Kolkata etc. Which means that you can withdraw money up to three times without any charge. But if you cross this limit, you have to pay a fee.
4. Changes regarding TDS
Along with this, many big changes can happen on 1 April regarding TDS. If media reports are to be believed, the government can increase the TDS limit for senior citizens up to Rs 1 lakh. Currently the TDS limit has been kept at Rs 50 thousand.
5. Along with this, the limit of TDS on rent given to landlords has also increased. This can be increased to 6 lakhs per year. Currently it is Rs 2 lakh per year.
6. There can also be a change in the TDS on foreign transactions. Its limit is expected to increase to Rs 2.4 lakh per year.
7. There is also a possibility of change in the TDS of education loan.
8 and 9. Apart from this, changes can also be made in the TDS on mutual funds and dividends. If media reports are to be believed, the limit of TDS on dividend income can be increased to Rs 10 thousand per year. The same rule applies to mutual funds as well.
10. National Payments Corporation of India (NPCI) can add new features to RuPay Debit Select Card.
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