With the Income Tax Return (ITR) filing deadline looming on July 31, 2024, several significant financial changes are taking effect. From credit card rules to wallet closures, here’s a comprehensive breakdown of key dates and modifications to be aware of:
Paytm Wallet Closures
On July 20, 2024, Paytm Payments Bank will be closing wallets that have been inactive for over a year and hold a zero balance. The bank will send a 30-day notice to affected users before their wallets are closed.
SBI Card Credit Card Rule Changes
Starting July 1, 2024, SBI Card will no longer award reward points on government-related transactions for a range of credit cards. These include: Air India SBI Platinum Card, Air India SBI Signature Card, Central SBI Select+ Card, Chennai Metro SBI Card, Club Vistara SBI Card, Delhi Metro SBI Card, Etihad Guest SBI Card, Fabindia SBI Card, IRCTC SBI Card, Mumbai Metro SBI Card, Nature’s Basket SBI Card, OLA Money SBI Card, Paytm SBI Card, Reliance SBI Card, and Yatra SBI Card.
ICICI Bank Credit Card Charge Revisions
Effective July 1, 2024, ICICI Bank will revise various credit card service charges. Key changes include:
* An increase in the card replacement fee from Rs 100 to Rs 200 for all cards, except the Emerald Private Metal Credit Card.
* The discontinuation of the following fees:
* Cheque/Cash pick-up fee of Rs 100 per pick-up
* Charge slip request fee of Rs 100
* Dial-a-draft transaction fee of 3% of the draft value (minimum Rs 300)
* Outstation cheque processing fee of 1% of the cheque value (minimum Rs 100)
* Duplicate statement request fee of ₹100 for statements older than three months
Income Tax Return (ITR) Deadline
The deadline for filing Income Tax Returns for Fiscal Year 2023-24 (Assessment Year 2024-25) is July 31, 2024. Taxpayers who miss this deadline can file a delayed return by December 31, 2024.
PNB Rupay Platinum Debit Card Lounge Access Changes
Effective July 1, 2024, Punjab National Bank (PNB) will update the lounge access program for all Rupay Platinum Debit Card variations. The new benefits include:
* One domestic airport or railway lounge access per quarter.
* Two international airport lounge accesses per year.
Citibank Credit Card Migration
Axis Bank has informed Citibank credit card customers that all accounts, including credit card relationships, will be migrated by July 15, 2024.
