New Year 2024: 5 Major Changes in the World of Finance from January 1, 2024!

Get ready for 2024 as major changes are coming to the world of finance. From new UPI ID rules to bank locker agreements, stay informed to navigate these changes effectively. Don’t miss the deadline for filing income tax returns and say goodbye to paper-based KYC for SIM cards. Also, be prepared for an increase in vehicle prices. Stay updated and be ready for the financial changes ahead!

Banks’ Closure of Customer Accounts without Warning or Explanation

Discover the negative effects of banks abruptly closing customer accounts, from inconvenience to business disruption and fear of being blacklisted. This article explores ways banks can improve their closure process, including clearer communication, attention to key customers, and informing them about the impact on credit and third-party interactions. Plus, learn how the Consumer Financial Protection Bureau is actively investigating these issues and urging affected individuals to report their experiences for a more transparent and customer-centric banking system.