In the New Year, several finance-related changes are taking place. Here, we provide a brief overview of some of the major adjustments as 2024 approaches.
The RBI has implemented new rules for safe deposit lockers, requiring customers to sign a new agreement and maintain rental payments. Compliance deadline is December 31, 2023.
Indian bank customers face frustration and confusion as they are urged to update locker agreements by today s deadline. The lack of uniformity across different banks and even within branches of the same bank has caused issues, including inconsistencies in stamp duty denominations.