These major rules to be applicable from tomorrow; see how it can impact you
By Lokmat English Desk | Published: January 31, 2023 05:48 PM2023-01-31T17:48:32+5:302023-01-31T17:52:06+5:30
Next 
There is not much time left for the new financial year to begin. After 2 months, we will enter the financial year 2023–24. After that, people will once again start thinking about tax planning and other financial decisions. However, before that, even in February, there are some changes that are taking place that can affect the pockets of the common man.
Along with this, there will also be a MPC meeting of the RBI, where the impact of the change in the policy rate will also be reflected on your personal money. This should be done from now on. There are going to be five major changes next month, which most people need to keep an eye on. Let's see what these changes are...
MPC ची बैठक
The decision will be taken at the Monetary Policy Committee (MPC) meeting of the RBI on February 8. In this case, the policy rate is likely to increase by 25–35 basis points. Notably, the MPC hiked the policy rate by 225 basis points last year. 100 basis points is 1 percent. After further rate hikes, loans will become expensive again.
T+2 रिडेम्प्शन सायकल
The T+1 settlement cycle was implemented in the stock on January 27. That means the purchase and sale of shares will now be reflected in your Demat account on the next day. Linked mutual funds, which were now following a T+3 redemption cycle, will now move to a T+2 redemption cycle.
कॅनरा बँक सेवा शुल्कात वाढ
From February 13, Canara Bank is going to increase the service charges for the use of its debit cards. The annual fee for the Classic Debit Card will increase from Rs 125 to Rs 200. It will be Rs 500 for the Platinum Debit Card and Rs 300 for the Business Debit Card. The card replacement fee has also been reduced from Rs 50 to Rs 150.
एचडीएफसी रिवॉर्ड रिडेम्प्शन
HDFC Bank has changed the reward redemption criteria for its Millennia debit card. The change will take effect on February 1. Customers can now redeem 70 percent of the cost of the product, and the rest of the amount has to be paid through a credit card. You can only redeem 3000 reward points per month for cashback.
टॅक्स प्लॅनिंग
Meanwhile, there are 2 more months to go before the start of this financial year, but you should start tax planning from now on. To save taxes, you can begin investing in various schemes as early as February. For example, PPF, NPS, SSY, ELSS, or life insurance premiums, etc.
