Different banks have different minimum balance limits at this time. If the rules of that minimum balance are not followed, then a fine is imposed on the bank account holders.

Many big changes are going to happen in the next financial year i.e. April 1, 2025, which is going to have a direct impact on your pocket. That is, it is going to affect everyone from the kitchen of the house to bank account and credit card holders. First of all, let us know about bank accounts and credit, what changes are going to happen.

Changes on credit card

Many such changes are going to happen in the next financial year for credit card holders, which can affect those who use it. On one hand, Simply Click Credit Card from ABI has announced to reduce Swiggy Reward Points from 10 times to 5 times, while Air India has announced to reduce Signator Points from 30 to 10.

Impact on LPG

Oil and gas distribution companies revise the prices of LPG on the first date of every month. In such a situation, you may see some changes in it on the first date of the next month. However, there has been no increase in the prices of LPG for a long time. However it is expected that there may be some relief in LPG in the new financial year. Whereas, if we talk about the prices of CNG used in vehicles, then there may be some changes.

Changes related to bank accounts

Many other banks including State Bank of India and PNB are making changes in the minimum bank balance. Now the new limit of minimum balance will be decided on the basis of sector and will be charged on them. In such a situation, it will have a direct impact on the pockets of bank account holders.

It is worth noting that the minimum balance limit of different banks is different at this time. If the rules of that minimum balance are not followed, then a fine is imposed on the bank account holders. There may be some changes in this in the future.

Many UPI accounts will be closed.

UPI is quite popular for payment these days. But such mobile numbers which are linked to UPI accounts but are not active, will be closed from April 1. Along with this, it will also be removed from the bank's records. It means that if any of your mobile numbers is linked to UPI, but is not being used, then it will be closed.