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From TDS to the rules for withdrawing money from ATM machines, will everything change? There will be major changes in these 10 places..

Shikha Saxena March 29, 2025 09:15 PM

There are only a few days left for the new financial year 2025-26 to start. At the same time, many big changes are going to happen. These changes can affect the financial condition of the person. Very soon, rules ranging from ATM transactions to TDS will be implemented in the country.

These 10 big changes will happen from April 1

1. Positive Pay System

According to media reports, many banks may implement Positive Pay System from April 1. Now if a person makes a check transaction of more than Rs 5000. So in such a situation, the check number, date, name of the payee, and amount will be verified. So that money-related frauds are reduced.

2. LPG, CNG and PNG

According to the rule, on the first date of every month, oil companies change the price of LPG, CNG and PNG. Therefore, on April 1, the prices of LPG, CNG, and PNG may increase or decrease.

3. Changes related to ATM

Many changes related to ATMs can happen on April 1. According to media reports, the bank can reduce the limit of withdrawing money. At the same time, the cash withdrawal fee after the free limit can increase from Rs 17 to Rs 19.

Currently, three cash withdrawal transactions are free in metro cities like Delhi, Mumbai, Kolkata etc. This means that you can withdraw money up to three times without any charge. But if you cross this limit, you have to pay a fee.

4. Changes regarding TDS

Along with this, many big changes can happen regarding TDS on April 1. According to media reports, the government can increase the TDS limit for senior citizens to Rs 1 lakh. Currently, the TDS limit has been kept at Rs 50 thousand.

5. Along with this, the limit of TDS on rent given to landlords has also increased. This can be increased to 6 lakh per year. Currently, it is Rs 2 lakh per year.

6. At the same time, there can be a change in the TDS levied on foreign transactions. Its limit is expected to increase to Rs 2.4 lakh per year.

7. Changes are also expected in the TDS of education loans.

8 and 9. Apart from this, changes can also be made in the TDS on mutual funds and dividends. According to media reports, the limit of TDS on dividend income can be increased to Rs 10,000 per year. The same rule applies to mutual funds as well.

10. The National Payments Corporation of India (NPCI) can add new features to RuPay Debit Select Card.

Disclaimer: This content has been sourced and edited from Dainik Jagran. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.