Financial Changes In 2024 : Do you know the changes in the financial sector from January 1, 2024?

Financial Changes In 2024 :

Financial Changes In 2024

  • Financial Changes In 2024: The new year has begun. And the New Year has also been welcomed. But now let’s know what major changes have taken place in the financial sector in the new year. Because this change will directly affect our daily life.

  • So let us go and see what changes have happened in the financial sector in this new year which we cannot ignore.

  • In this new year, there are some special changes in Stock Market, UPI, Income Tax And Bank Locker Agreement. And something else has changed

Financial Changes In 2024:

1) SEBI Ban The Naked Short Selling:

  • SEBI and High Court have decided to ban naked short selling in the stock market. Because of  many retail investors are losing there money this is also one of the power full Financial Changes In 2024 .

  • Needed short selling will be available in derivative stocks, this short selling is closed only in non derivatives stocks.

  • However, no detailed information has yet been given as to when the SEBI-naked short selling will be stopped.

  • We gather this information on official site of Securities and Exchange Board of India (SEBI)https://www.sebi.gov.in/

2) Canges In New UPI ID Rule :

  • If your UPI ID is closed for more than 1 year or more on your apps like PhonePe, Gpay, then it will be permanently closed. This rule has been issued by The National Payments Corporation of India (NPCI) from 7 November 2023. Apart from that, all major banks and payment apps of the country have been asked to implement this new rule from December 31, 2023.

  • Rbi allowed new recipients rs. A four-hour deadline is proposed for more than 2,000 first-time payment users. Also right now, the UPI  transaction limit set by NPCI is Rs 1 lakh per day

  • We gather this all information from National Payments Corporation of India (NPCI) if you want to gather more information about the UPI ID changes you can visit this site. https://www.npci.org.in/

3) ITR Filing Deadline:

  • The deadline for filing an income tax return for 2022-23 was 31 December 2023. If late, individuals will face a penalty of ₹5,000, while those with income below ₹5 lakh will face a penalty of ₹1,000, as per Section 234F of the Income Tax Act.

UPI And Income Tax Image By Google

4) Changes In Vehicle Price:

  • The new year has started and for all car lovers, there can be no bigger news than this that how many cars are ready to hit the indian market in january 2024. If you are also planning to buy a new car then you should know about this changes.

  • Are you thinking of buying a new car in 2024? Be prepared because vehicle prices are going to increase. India’s big auto maker companies like Maruti Suzuki, Mahindra & Mahindra and Audi India have announced that they are going to increase the prices of vehicles from January 2024.

  • This images are taken by are automobile blog https://navjyotbharat.com/new-upcoming-5-cars-in-january-2024/

New Upcoming 5 Cars

5) Changes Bank Locker Agreement:

  • The Reserve Bank of India (RBI) has introduced new rules requiring users to sign a new agreement before 31 December 2023 to use their bank’s locker facility, and not using it if it is not full.Changes In No paper-based KYC for SIM cards

6) Changes In No paper-based KYC for SIM cards:

  • The Department of Telecommunications (DoT) announced that from January 1, 2024, paper-based know-your-customer (KYC) will no longer be required for obtaining a new SIM card.

Conclusion:

  • All the information given here is taken from the official website of that official government site. However, we have given the link of that website below so you can go there yourself. However, before posting this blog, we have taken all kinds of information from different official websites. However, if you want to know more about these blog changes, you can contact us.

  • Here are main motive to post this information to spread the financial information and general awareness also here we have showing you some positive or negative information about the government changes. However, we would advise you to do your own research while doing any financial step and not rely entirely on our information

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