Change is the only constant. The onset of the year 2024 is marked by a slew of finance-related changes.
The new year 2024, is definitely different from 2023, yet similar in the way that this, too, has ushered in a slew of changes with it.
Small savings schemes will feature increased interest rates, insurance policy documents will become more understandable, cars will get costlier, dormant UPI IDs will be deactivated and traditional physical verification for sim cards will also be eliminated; among other developments.
Also Read: Watch: Five Things You Should Know Before Investing As A Noob Investor
Finance is a complex subject, affecting our everyday life. Thus, it is extremely important to understand it so that we do not make the wrong choices. Following are 5 key finance-related changes that have come into effect from January 1, 2024:
Now that you are well-aware of the most important finance-related changes that will affect your day-to-day life, you will be able to make informed decisions and take the appropriate actions.
Image Credits: Google Images
Feature image designed by Saudamini Seth
Sources: Mint, Financial Express, India Times
Find the blogger: Unusha Ahmad
This post is tagged under: finance, interest rates, investment, savings, savings schemes, insurance policy, UPI IDs, online payment, sim cards, financial changes
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