Budget 2024: How the interim budget for this year would impact your pocket?
Interim Budget 2024: The interim budget is a transient financial plan to fulfill the government’s operational needs, revealed by the financial minister until the new government is formed after the general election. The finance minister Nirmala Sitharaman will be announcing the budget on 1 February 2024, which will have imperative impacts on your pocket’s expenses too. Get to know what are the significant changes.
LPG Cylinder Prices
The first of every month marks the revision of LPG cylinder prices after the oil market companies update the prices nationwide. The impact of the budget is anticipated to the reduction or increase of LPG prices.
Fastag e-KYC
Fastag e-KYC has been mandatory by the National Highways Authority of India to curb fraudulent activities adhering to the availability of duplicate fastags in the market.
Dhanlaxmi FD Scheme
Spanning a tenure of 444 days, the FD scheme has been introduced by the Punjab and Sindh Bank with its last day of investment being Jan 31, 2024. Regular customers can avail of an interest rate of 7.4% and super seniors, 8.05%.
IMPS Money Transfer
Transferring and receiving money would no longer need any point of contact with the beneficiary's name or IFSC code. From 1st February onwards the transfer could be done with only the receiver’s mobile number and bank account name.
These are the numerous changes to be prepared for ahead of the announcement of the Interim Budget 2024.
