Changes From January 1: All You Need To Know
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The year 2023 is soon going to end and in the new year, many changes will come into effect
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Most of them are connected to the banking sector and will impact day-to-day lives of the people
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Here's a look at changes coming into effect from January 1, 2024
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Demat account holders will have to provide nomination declarations or opt out after Dec 31
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If not done, the demat account holders won't be able to transact in stocks
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An important change for bank lockers will take effect from January 1 as per an RBI order
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It has asked bank customers to sign revised agreements by December 31 or their lockers will be frozen
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Further, changing details in Aadhaar won't be free from the first day of the new year
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After December 31, Rs 50 will be charged for requesting any change in the document
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Next, paper-based KYC for getting a new SIM card will also end from Jan 1
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