India Business News: Major banks like Yes Bank and ICICI Bank have changed some of their savings bank account fees and credit card rules, starting from May 1, 2024. Additionally, HDFC Bank's special fixed deposit for senior citizens has a deadline of May 10, 2024. As per an ET report, here are the financial changes that are happening and what to expect this month.
Major financial institutions like Yes Bank, ICICI Bank, and HDFC Bank are implementing changes to savings account charges, credit card rules, and fixed deposit schemes starting May 1, 2024.
Rupay credit card rules: The new features announced include EMI facility on the linked credit accounts on UPI app, Credit Account Bill Pavment, Instalment Payment and limit management. The NPCI has asked issuing entities like banks and card issuers to enable these features by May 31, 2024.