Financial Rules Change : There Will Be Major Changes in These Rules From October 1, 2023, Pockets Will Also Be Affected

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Financial Rules Change

Financial Rules Change : The month of September has now come to an end and soon the new month will begin. And with this, there are going to be changes in many important financial rules in the month of October.

In such a situation, it is important for everyone to know what major changes are going to happen in the month of September. Because it will have a direct impact on the pockets of common people.

There are going to be changes in many rules related to credit, debit cards, special FD etc. from next month.

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There is going to be a change in the rules of credit and debit cards

There will be a change in an important rule related to credit and debit cards from October 1, 2023, after which customers will be allowed to select the network provider of their card while purchasing new credit and debit cards.

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Indian Bank's special FD deadline

Indian Bank, a large public sector bank, had launched special FDs named 'Ind Super 400' and 'Ind Supreme 300 days' for its customers, the deadline of which has been extended till October 31, 2023. Let us tell you that the bank is offering higher interest rates than normal on both these FD schemes.

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IDBI FD scheme named Amrit Mahotsav launched

From October 1, IDBI Bank has launched a special FD scheme named Amrit Mahotsav for customers. Under this scheme, customers are being offered higher interest rates than normal FD.

This scheme is a special FD of total 375 and 444 days. The deadline of this FD is ending on October 31, 2023.

There will be changes in TCS rules

There is going to be a big change in the rules of TCS. If you spend more than the prescribed limit on foreign travel or invest in foreign equity, mutual funds, cryptocurrency etc. in a financial year, you will now have to pay TCS.

If you spend more than Rs 7 lakh on traveling abroad, you will have to pay TCS up to 20 percent.

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SBI WeCare Scheme

SBI has launched special FD schemes for senior citizens for a tenure of 5 to 10 years. The deadline of this scheme is ending on 30th September. It is expected that the bank can take this scheme forward.

However, the bank has not yet given any official information about this. In such a situation, if you want to invest in the scheme then invest today as soon as possible.

Superfast News Coverage By Team

Publish Date : September 28, 2023

Posted By Ravi Kumar

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