With the dawn of 2024, several impactful changes take effect. The National Payments Corporation of India mandates the deactivation of inactive UPI IDs after one year.
RBI introduces new agreements for bank locker users by December 31, and the belated Income Tax Return filing deadline, with penalties, approaches. The Department of Telecommunications discontinues paper-based KYC for SIM cards from January 1.
Additionally, various automakers, including Maruti Suzuki and Mahindra & Mahindra, plan to raise vehicle prices. Staying informed about these shifts is crucial as they directly impact individuals in the new year.