Big updates are coming in Jan 2025! From EPF ATM access to new GST rules & credit card perks – here’s a quick breakdown of what to expect
Credit Card Updates
- RuPay Lounge Access: Tier-based spending required for free airport lounges
- BOBCARD: ₹40,000 spend per quarter for unlimited domestic lounge visits
EPF ATM Access
- EPF account holders can withdraw savings via ATMs – no more complex withdrawal processes!
GST Multi-Factor Authentication (MFA)
- Mandatory MFA for all taxpayers. Tighten security by updating IT systems & training staff.
E-Way Bill Changes
- Bills can only be generated for base documents under 180 days. Align invoicing & logistics accordingly.
UPI for PPIs
- Full-KYC PPI wallets can now link with UPI apps – seamless payments ahead!
Fixed Deposit (FD) Changes
- NBFC & Housing Finance FDs:
- Withdraw < ₹10K FDs before maturity without penalty
- Critical illness? Full withdrawal allowed
Visa Updates
- Thailand: e-Visas for all international travelers
- US Visa: Reschedule non-immigrant visa once for free – extra changes will cost
A lot to keep track of, but these changes could streamline finances & improve accessibility. What are you most excited about?