6 Financial Deadlines and Important Changes in July 2024: July 2024 is coming with many changes for different financial institutions which will directly affect to the members and beneficiaries of such institutions. If you are living in India then you should check important dates in July 2024 as Paytm banks are going to complete shutdown from 20 July, SBI card rules are also changed for beneficiaries, income tax filing deadline is also very soon.
So, you are required to check all the important information and dates in July 2024 in this article which will help you to complete your pendant task accordingly.
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1. New rules for SBI in ICICI card holder
State Bank of India is going to discontinue rewards for various SBI credit cards from 1st July 2024. SBI providing reward and extra benefit to the SBI credit card holders for using different government schemes. There are many SBI credit cards available in the market including Air India SBI platinum card, Air India SBI signature card, club Vistara SBI card, Delhi metro SBI card, Paytm SBI card, Yatra SBI card etc. now they will not receive additional rewards from the bank from 1st July 2024 for transaction.
2. ICICI Bank new credit card charges from 1st July
The first July 2024 is also important for ICICI Bank credit card holders as bank are revising ICICI Bank credit card charges from 1st July 2024. Bank will now charge 200 rupees for replacement of the card which was 100 rupees before 1 July. However, bank will further this continue other charges such as Rs 100 per pickup charges, charge slip request of Rs 100, 3% transaction fees for up to 300 rupees will also be reduced and you are not required to pay hundred rupees payment for getting duplicate statement request in ICICI Bank.
3. Punjab National Bank branch changes for credit card holders from first July
Punjab National Bank also announced that beneficiaries who are using Rupay Platinum debit card of Punjab National Bank will get further benefits of the debit card from 1st July 2024. Benefits will include lounge access for one domestic airport or railway per quarter, lounge access for two international airport per year.
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4. Migration of Citibank credit card from 15 July
Citibank is providing credit card facilities to their customer but now these all facilities are migrated with Axis Bank. So, people who are carrying the City Bank credit card will get further facilities of that existing credit card from Axis Bank after 15th July 2024.
5. Paytm wallet close from 20 July
Paytm mobile application is very demanding and famous application in India to use online transactions by using UPI facilities. However, company have extended their facilities and services by launching Paytm bank and Paytm wallet. Due to violation of RBI guidelines, RBI have ordered Paytm to disk close Paytm wallet services. Who have money in their Paytm wallet can transfer the money in other merchant and partner banks account so they can safely remove the money accordingly.
However, RBI have already ordered to this continue this service in the February month of 2024 but now extended it to the 20 July 2024 and due to a large number of customers affected from this policy.
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6. Deadline of ITR 2024
Income tax department have you should deadline of income tax return 2024 for all the citizens in India who are early more than the minimum financial cap of income tax department. So, if you are also earning more than 5 lakh rupees in a year then you are eligible to pay income tax and the deadline to pay the ITR is 31st July 2024. As there are many formalities and details in the ITR application form, so you should not wait for the deadline and pay your text before last minutes to prevent you from any other notice from the income tax department.