Five Key Financial Rule Changes Taking Effect in October 2024
Several significant financial policy changes came into effect in October 2024 affecting Indian consumers and account holders. State Bank of India reduced the number of free ATM transactions available to certain salary account customers. Banks are now required to disclose interest rates on bulk fixed deposits under new transparency norms. The National Pension System has introduced revised charge structures, while LPG subsidy recipients must complete mandatory Aadhaar authentication to continue receiving benefits.
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