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Financial rules changing from 1st January 2023: Bank locker, Credit card, GST invoicing rules changed, know details

Financial Rules Chang From Jan 2023: Let us tell you that with the beginning of the new year on January 1, 2023, many financial rules are going to change. Let’s know about these new financial rules.

Financial Rules Changing From 1 January 2023: The year 2022 is about to end soon and the new year is about to begin. In such a situation, along with the new year, many rules related to your bank and finance are going to change (Financial Rules Changing From 1 Jan 2023). These changes will directly affect your pocket. We are going to give you information about those financial changes which will directly affect your pocket. The financial rules which are going to change from January 1, 2023 are Credit Card, Bank Locker, GST E-Invoicing, CNG-PNG Price (CNG-PNG Price). And rules like increase in vehicle prices are included. Let us tell you what changes are going to happen in the new year which will have a direct impact on your pocket-

1. New rules of bank locker

Let us tell you that the new locker rules issued by the Reserve Bank of India will come into effect from January 1, 2023. After the implementation of this rule, banks will not be able to do arbitrariness with the customers regarding the locker. If there is a lot of damage to the goods kept in the locker, then the responsibility of the bank will now be fixed. Apart from this, now customers will have to sign an agreement with the bank till 31 December. Through this, customers will have to inform the bank about the change in locker rules through SMS and other means.

2. Change in credit card rules

If you are also a credit card holder, then know that there is going to be a big change in the rules of the credit card. Let us tell you that HDFC Bank is going to change the rules of reward points received on the payment of its credit card. In this case, pay all your reward points before December 31, 2022.

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3. Changes in rules for GST e-invoicing

There is going to be a big change in the rules of GST e-invoicing or electronic bill from the new year. The government has now reduced the limit of 20 crores to 5 crores for e-invoicing of GST from the year 2023. In such a situation, this new rule is being implemented from January 1, 2023. In such a situation, it has now become necessary for traders whose business is more than 5 crores to generate electronic bills.

4. LPG price change

At the beginning of the new year itself, a good news regarding LPG can be announced by the government. It is believed that government oil companies (Oil Marketing Companies) can announce a reduction in the prices of cooking gas (LPG) in the new year. In the recent past, there has been a continuous decline in the prices of crude oil. In such a situation, the government can give relief to the customers by cutting the prices of government oil companies LPG gas cylinders.

5. Buying a car can be expensive

Let us tell you that if you are planning to buy a new car in the year 2023, then this news can shock you. MG Motor, Maruti Suzuki, MG Motor, Hyundai Motor, Tata Motors, Mercedes-Benz, Audi and Renault have decided to increase the prices of their vehicles. Tata Motors has announced that it is going to increase the price of its commercial vehicles on January 2, 2023. At the same time, Honda Cars has also decided to increase the price of its vehicles by up to Rs 30,000.

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