From UPI to credit card, these 5 big rules will change from April 1, your pocket will have a direct impact

Change rules: Tomorrow i.e. April 1, the new financial year is starting. Many rules will change at the beginning of this year. This includes rules ranging from UPI payment to maintaining minimum balance in banks.

This UPI ID will not be paid.

The National Payment Corporation of India (NPCI) has issued new guidelines related to UPI. According to these guidelines, banks and payment service providers (PSPs) will now have to update their numbers every week. In such a situation, UPI ID which is not active for a long time can be closed. The purpose of this NPCI guideline is to ensure error-free transactions.

New GST rules apply

The GST portal is being made safe. Due to which the multi-factor authentication (MFA) will be implemented on the portal from April 1. The introduction of this system will reduce the fraud against taxpayers. Apart from this, e-way bills can now be prepared for those whose Aadhaar documents are not more than 180 days old.

Some credit card rules are also changing.

The reward point system of SBI Simpliclic and Air India SBI Platinum Credit Card can now be seen. Axis Bank is updating its Vistara Credit Card. Let us tell you that Vistara has merged with Air India.

Now the amount of up to Rs 12 lakh is tax free

Those whose income is up to Rs 12 lakh, they will not have to pay any tax from the next financial year. Salative employees will also get a standard deduction of Rs 75,000. Due to which the amount up to Rs 12.75 lakh in the new tax system will be tax free. The tax slab has also been changed under the new tax system.

These banks increased the minimum balance limit

Most of the banks including State Bank of India, Punjab National Bank, Canara Bank have been changing the minimum balance limit from April 1. If the customers of these banks keep less money than this, then they will have to pay a fine.