Before December 2022 ends, get some important work done. Because from January 1, banks are going to make many changes in the rules. Let’s take a look at these changes.
Bank Rules : Only a few days are left for the month of December to end. With the new year many new changes will also be seen. There will be changes in credit card, payment system, bank locker and many other rules related to money. Therefore, before the end of this year, settle some important tasks.
Credit card terms
After December 31, some important changes related to credit cards are going to happen. If you also use a credit card, do not forget to redeem all your reward points before January 1. Otherwise there will be a danger of their lapsing. Many banks including HDFC are going to implement this rule with the beginning of the new year.
Insurance premium can be expensive
Insurance premium may be costlier from January 1. At present, IRDAI is planning to make some significant changes in the insurance premium according to the usage and maintenance of the vehicles. As a result, motorists will have to pay higher premiums.
Bank locker changes
If you also use bank locker, then definitely know this thing. According to RBI guidelines, it will be mandatory for the customers to get a new locker agreement done before December 31. The safe deposit locker holders will also be required to show their eligibility for the new locker agreement from January 1, 2023. Along with this, an agreement will have to be done to get the renewal done.
