The budget is presented every year on 1 February for the financial planning of the country. Tomorrow also the budget will be presented by Union Finance Minister Nirmala Sitharaman.
Lok Sabha elections are going to be held this year, hence the Union Budget will not be presented. Tomorrow the Finance Minister will present the interim budget.
In this budget she will tell about the financial expenses of a few months. Apart from the budget, there will be changes in many financial rules on the first of every month. The impact of these financial rules will be directly visible on your pocket.
A new month is going to start from tomorrow, so let us know which financial rules will change from tomorrow.
Price of LPG
LPG Cylinder prices are revised across the country on the first of every month. Oil marketing companies update the prices of LPG Cylinder Price.
In such a situation, it remains to be seen whether there will be a cut or increase in the prices of LPG cylinders on the budget day. Let us tell you that the change in cylinder prices affects the pockets of the general public.
Fastag e-KYC
National Highway Authority of India has made Fastag E-KYC mandatory. For those users who have not completed e-KYC for Fastag, their Fastag will be deactivated from February 1.
Fastag e-KYC has been made mandatory because there are many duplicate Fastags in the market. The decision of e-KYC has been taken to prevent such frauds.
Dhan Lakshmi FD Scheme
Punjab & Sind Bank had launched a special FD scheme for its customers. The name of this scheme is Dhan Laxmi 444 Day FD.
The last date for investment in this is 31 January 2024. The tenure of this FD is 444 days. The bank gives 7.4 percent interest on this and 8.05 percent interest to super seniors.
Sovereign Gold Bond
The Reserve Bank of India (RBI) will release the last tranche of Sovereign Gold Bond (SGB) for the financial year 2023-24 in February. This series will open on 12th February and will close on 16th February. Let us tell you that this is Series-4 (SGB Series-4).
The last series opened on 18 December 2023. In this series, the price of gold was fixed at Rs 6,199 per gram.
NPS Withdrawal
The Pension Fund Regulatory and Development Authority (PFRDA) has issued a circular in January. In this, 25 percent amount will no longer be withdrawn under the National Pension System (NPS).
Apart from this, PFRDA has directed that now customers can make partial withdrawal only for purchasing or construction of a house. This rule will come into effect from 1 February 2024.
IMPS Money Transfer
At present, there is no need to visit banks to transfer money from one bank account to another. They can transfer money online in a few minutes. IMPS is also a very good option to transfer money.
Now from February 1, 2024, users can transfer money by simply adding the receiver’s mobile number and bank account name.
According to National Payments Corporation of India (NPCI), after this rule, beneficiary and IFSC code will not be required to transfer money to the customer.
