Only a few days are left for the beginning of the month of July 2024. Many financial changes are going to happen in the financial sector from July 1. Apart from the new rules related to credit cards, some banks including Paytm, SBI Card are also going to set new rules on their own. In such a situation, as July approaches, it is important to be aware of the upcoming financial deadlines and regulatory changes.
Paytm Wallet
Paytm Payments Bank will close inactive wallets with zero balance amount and no transactions in the last year or more on July 20, 2024. According to the Paytm Payments Bank website, please note that all wallets that have no transactions in the last 1 year or more and have zero balance will be closed from July 20, 2024. All affected users will be communicated. Users will be given a notice period of 30 days before their wallets are closed.
SBI Card Credit Card Rules
According to a report in the Economic Times, SBI Card has announced that it will stop storing reward points on government-related transactions for certain credit cards from July 1, 2024. According to the official website of SBI Card, here is the list of SBI credit cards where reward points will not be applicable on government-related transactions from July 15, 2024:
Air India SBI Platinum Card
Air India SBI Signature Card
Central SBI Select+ Card
Chennai Metro SBI Card
Club Vistara SBI Card
Club Vistara SBI Card Prime
Delhi Metro SBI Card
Etihad Guest SBI Card
Etihad Guest SBI Premier Card
Fabindia SBI Card
Fabindia SBI Card Select
IRCTC SBI Card
IRCTC SBI Card Premier
Mumbai Metro SBI Card
Nature Basket SBI Card
Nature’s Basket SBI Card Elite
Ola Money SBI Card
Paytm SBI Card
Paytm SBI Card Select
Reliance SBI Card
Reliance SBI Card Prime
Travel SBI Card
ICICI Bank Credit Card Charges
ICICI Bank has announced revisions to various credit card services effective July 1, 2024. This includes increasing the card replacement fee from Rs 100 to Rs 200 across all cards (except Emerald Private Metal Credit).
ITR Deadline
The deadline to file ITR for FY 2023-24 (AY 2024-25) is July 31, 2024. However, the government also extends the dates under special circumstances. If you fail to file ITR by the deadline, you can still file late income tax return with late fine till December 31, 2024.
PNB Rupay Platinum Debit Card
Punjab National Bank has also revised the lounge access program for all variants of Rupay Platinum Debit Card. The new rules will come into effect from July 1, 2024. This includes 1 (one) domestic airport/railway lounge access per quarter and 2 (two) international airport lounge access per year.
Citibank Credit Card
Axis Bank notified Citibank credit card customers about migrating all relationships, including credit card accounts, which is expected to be completed by July 15, 2024.
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