Money Changes in Feb 2024: There will be changes in these 6 money related rules in February, rules are changing from NPS to Fastag.

Money Changes in Feb 2024: There will be changes in these 6 money related rules in February, rules are changing from NPS to Fastag.

Money Rules Changing from February 2024: The month of January is going to end in a few days and February will start soon. With the new month, there are many rules whose changes will have a direct impact on the pockets of common people. From next month, many changes are going to happen from NPS to SBI Special Home Loan Campaign, Sovereign Gold Bond Scheme. We are giving you information about those rules.

1. Rules for withdrawal of money from NPS account

PFRDA has made a major change in the rules for withdrawal of money from NPS account. According to the notification issued on January 12, 2024, now NPS account holders will be able to withdraw only 25 percent of the total deposited amount. Along with this, the account should be more than 3 years old for this withdrawal.

2. Change in IMPS rules

There is going to be a change in the rules of IMPS from 1st February. Now a person can transfer funds up to Rs 5 lakh even without adding the name of any beneficiary. For this, NPCI had issued a circular on 31 October. After the change in rules, now you can transfer funds up to Rs 5 lakh from one account to another by just adding the account number and mobile number of the account holder.

3. KYC becomes mandatory in Fastag

NHAI has made KYC mandatory by changing the rules of Fastag. Those vehicles whose KYC is not completed on Fastag will be deactivated. In such a situation, you should complete this work by 31st January.

4. New installment of SGB is being released

If you like to invest in Sovereign Gold Bond, then the Reserve Bank of India is bringing a golden opportunity for you. You can invest in SGB 2023-24 Series IV from 12 February to 16 February 2024.

5. SBI Home Loan Offer

State Bank of India is running a special home loan campaign for its customers. Under this, customers are getting a special discount of 65 bps on home loan. Along with this, customers are also getting the benefit of discount on processing fees. Customers can avail the benefit of this special discount till January 31, 2024.

6. Punjab and Sindh Bank Special FD

Punjab and Sindh Bank has launched a 444-day special FD scheme 'Dhan Lakshmi 444 Days' for customers. By investing in this scheme, you are getting the benefit of 7.60 percent interest rate on the deposited amount. The deadline of this scheme ends on 31 January 2024.

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