A number of rules within the banking, monetary, know-how, and different industries will change in December. These new legal guidelines and rules will affect your day-to-day life in addition to your funds, it’s crucial to grasp these modifications in depth.
Main Adjustments In The Monetary And Tech World
SIM Card Rule Change December 2023
The brand new SIM card legal guidelines, which embody obligatory verification of SIM card sellers and the elimination of the choice for bulk connections, are scheduled to enter impact in India on December 1, 2023. The Division of Telecommunications (DoT) issued these new SIM card guidelines, which have been initially scheduled to take impact on August 1 however have been later postponed.
Adjustments to Locker Settlement Guidelines in December 2023
The deadline for renewing customer-bank locker agreements additionally expires in December. The Reserve Financial institution of India (RBI) prolonged the deadline for renewing locker agreements between purchasers and banks to December 31, 2023, firstly of the present 12 months. The deadline was prolonged after it was found that many shoppers had not signed the amended settlement by January 1, the preliminary deadline for renewing agreements.
Adjustments to the Aadhaar Card Guidelines in December 2023
Aadhaar card customers could replace their Aadhaar information at no cost until December 14 by way of the myAaadhar portal. The Distinctive Identification Authority of India (UIDAI) prolonged the deadline at no cost Aadhaar updates until December 14. The announcement got here after the earlier deadline of September 14, 2023.
Adjustments to UPI ID Laws in December 2023
Inactive unified funds interface (UPI) IDs and associated UPI numbers can be terminated by December 31, 2023, based on Nationwide Funds Company of India (NPCI) regulation. In different phrases, customers should activate their UPI IDs or else all banks and third-party purposes that present the UPI service will deactivate or shut down such IDs after December 31, 2023.
Adjustments to the Jeevan Pramaan Patra Rule in December 2023
The deadline for submitting a Jeevan Pramaan Patra, or life certificates, is November 30. Consequently, pensioners should resolve the difficulty now to proceed getting advantages. Even if you happen to submit the Jeevan Pramaan Patra after the deadline has handed, your pension is not going to be issued till your life certificates is obtained by the Central Pension Processing Centres (CPPC).
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