New NPS rule: Enhanced safety measures
The Pension Fund Regulatory and Improvement Authority (PFRDA) has enhanced the safety of the Nationwide Pension System (NPS) by including a brand new layer of safety—two-factor Aadhaar-based authentication.Beginning April 1, 2024, all password-based customers accessing the CRA system shall be required to make use of this authentication technique. This replace was introduced by the PFRDA in a round dated March 15, 2024.
Advantages of the NPS safety characteristic
Elevated safety
– The 2-factor authentication considerably lowers the chance of unauthorized entry to the CRA system.
Enhanced safety
– This extra layer of safety ensures the safeguarding of NPS transactions, benefiting each subscribers and stakeholders by defending their pursuits.
SBI bank card rewards adjustments
SBI Card has declared that the incomes of reward factors on lease cost transactions shall be stopped for particular bank cards beginning April 1, 2024. These bank cards embrace AURUM, SBI Card Elite, SBI Card Elite Benefit, SBI Card Pulse, and SimplyCLICK SBI Card. Furthermore, the accrual of reward factors on lease funds for these particular bank cards will stop completely by April 15, 2024.
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Modifications in YES Financial institution bank card advantages
Starting April 1, YES Financial institution credit score cardholders who spend Rs 10,000 or above in a calendar quarter will qualify for complimentary home lounge entry, as reported by numerous information retailers. Which means expenditures from the earlier quarter will grant entry to the following quarter, as indicated within the information experiences.
ICICI Financial institution’s lounge entry coverage replace
As per the ICICI Financial institution web site, ranging from April 1, 2024, you possibly can avail of 1 complimentary airport lounge entry by spending Rs 35,000 within the previous calendar quarter. Bills incurred within the earlier quarter will grant entry for the following calendar quarter. To qualify for complimentary lounge entry within the April-Might-June 2024 quarter, you need to spend a minimal of Rs 35,000 within the January-February-March 2024 quarter. This criterion applies equally to subsequent quarters.
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Revisions to Axis Financial institution bank card advantages
Reward factors exclusion
– Purchases made on gasoline, insurance coverage, and gold/jewellery will now not qualify for fundamental or expedited EDGE REWARD Factors, becoming a member of the present record of class limitations.
Spending for annual charge waiver
– The edge for acquiring an annual charge waiver will now exclude expenditures on insurance coverage, gold/jewellery, and gasoline classes.
Home and worldwide lounge entry
– The variety of complimentary visitor visits allowed for home and worldwide lounge packages shall be decreased from 8 visits to 4 visits.
OLA Cash Pockets restrictions
OLA Cash has knowledgeable its prospects by way of SMS that it’s going to transition completely to small Pay as you go Fee Instrument (PPI) pockets companies, efficient April 1, 2024. Moreover, there shall be a most pockets load restriction of Rs 10,000 per 30 days ranging from the identical date.
