In the beginning of the new FY 2025-26, there are only a few days left. The new financial year will begin on Tuesday, April 1. With the beginning of the new financial year, many financial rules will also change for crores of common people of the country. Today we will learn about the rules that are going to change from April 1.
UPI will not work.
NPCI is going to make major changes in UPI rules from 1 April 2025 to curb the growing financial fraud in the country. If you are using UPI through the bank account you are using the mobile number, then such UPI ID will become inactive from April 1 and your UPI will not work.
Tax system change
If you are in a new tax system and now want to switch to the old tax system, you can make these changes. If you do not announce the old tax system while filing tax, the system will automatically put you in the new tax system.
No dividend will be received
If you have not yet linked PAN and Aadhaar, you will stop getting dividends from April 1, 2025. Along with this, TDS deduction on dividend and capital gains will also increase. Not only this, you will not get any credit in Form 26AS.
Strict rules for mutual funds and demat accounts
From 1 April 2025, the rules related to KYC for mutual funds and demat accounts are going to be strict. New rules made by SEBI for non-banking financial companies are going to apply. According to the new rules, all users must re -verify all the details of their KYC and the nominee created. If you do not do this then your account can be freezed.
