These big changes are going to happen from April 1, direct impact on common man

The new financial year will start from 1 April 2024. With the beginning of the new business year 2024-25, many rules will change in the country. As we know that many changes take place in the country at the beginning of every month. Similarly, many big changes are going to happen from April 1, 2024. These changes are going to have a direct impact on the pockets of the common man. Your budget can also be affected by this.

It is very important for you to know about these changes that are going to happen from April 1st. Here we will tell you which rules are changing from April 2024.

These new rules will be implemented including Fastag, PAN-Aadhaar, GST:

Let us tell you that these changes include rules related to Fastag, PAN-Aadhaar linking, National Pension System (NPS), GST, Insurance, Debit Card New Rules and Car Price. Know about these new rules one by one in detail.

FASTag without KYC will be blacklisted:

First of all we will talk about FASTag KYC Update. The rules related to Fastag are changing from April 1, 2024. The National Highway Authority of India (NHAI) has set March 31, 2024 as the deadline for updating KYC for Fastag users. If you do not update KYC (Fastag KYC) by this date, your Fastag may be discontinued from next month.

NHAI had announced that under the 'One Vehicle One FASTag' initiative, FASTags without KYC will be blacklisted or deactivated.

Fine will have to be paid for linking PAN with Aadhaar:

At the same time, the government has made it mandatory to link PAN card with Aadhaar card. The deadline for linking PAN with Aadhaar (Pan-Aadhaar Link) is 31 March 2024. If you do not link PAN with Aadhar card by this deadline, your PAN number will be deactivated.

Not only this, for linking PAN with Aadhaar after April 1, you will have to pay a fine of Rs 1,000.

Proposal for graded surrender value in insurance policy:

New rules will be applicable for those investing in insurance policies from 1 April 2024. Insurance Regulatory and Development Authority of India (IRDAI) has proposed graded surrender value based on time under the change in rules (Insurance New Rule).

Under the new rules, if the policyholder surrenders the policy within three years, the surrender value will be the same or less, whereas if the policyholder surrenders the insurance between the 4th and 7th year, the surrender value can be higher.

Process of two factor authentication started in NPS:

The next news is related to pension. Actually, Pension Fund Regulatory and Development Authority (PFRDA) has taken a big step to make the National Pension System i.e. NPS even more attractive. Under this, PFRDA is going to start the process of two factor authentication for access to the Central Recordkeeping Agency (CRA). This process will start from April 1.

This means that new members and old members joining NPS will have to go through a two-factor authentication process from April 1. Now without this no one will be allowed to log in to the NPS account. The regulatory authority said that after this new step, users will now have to adopt the process of Aadhaar based login authentication.

New rules of debit card for SBI customers:

According to the information given on the official website of SBI, the bank has announced an increase of Rs 75 in the annual maintenance fees related to some debit cards. This change will come into effect from April 1, 2024.