1 October: These rules are changing from 1 October, be alert, you will also be directly affected

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Internet Desk. The month of September is about to end and with it the new month of October is about to begin. In such a situation, with the beginning of the new month, there will be some changes and their impact will be direct on you. In such a situation, let us know which things are going to change from October 1st.

Debit Card, Credit Card Rules

Let us tell you that from October 1, the Reserve Bank of India has proposed that you should be given the option to choose your network provider for your debit card, credit card or prepaid card. Let us tell you that currently when you apply for a debit or credit card, the network provider usually determines the card issuer. In such a situation, the regulator wants the bank to offer cards on multiple networks from October 1, 2023 and give customers the option to choose their preferred card network.

Nomination will have to be given for demat account

Let us tell you that SEBI has made it mandatory for all demat and mutual fund account holders to give nomination for their investments by September 30, 2023 or opt out of the nomination. Otherwise, demat accounts will be frozen.

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