Long weekend in these states for Dusshera: Banks closed for up to 4 days in a row in these states

According to the ICICI Bank website, “Starting October 01, 2024, you can enjoy Two complimentary airport lounge access by spending Rs. 10,000 in the preceding calendar quarter. Spends made in the preceding calendar quarter will unlock access for the subsequent calendar quarter. To be eligible for complimentary lounge access in Oct- Nov- Dec, 2024 quarter, you need to spend a minimum of Rs. 10,000 in the Jul-Aug-Sept, 2024 quarter and similarly for following quarters.”

HDFC Bank has capped the redemption of reward points for Apple Products to one product every calendar quarter on the Smartbuy platform. In addition, from October 1st, 2024, the SmartBuy portal will cap the redemption of Reward Points for Tanishq vouchers at 50,000 Reward Points per calendar quarter. These changes applies only to Infinia and Infinia Metal Cards.

Section 194DA - Payment in respect of life insurance policy is proposed to reduce from 5% to 2%. This will be effective from October 1, 2024.
Section 194G – Commission etc on sale of lottery tickets is proposed to reduce from 5% to 2%. This will be effective from October 1, 2024.
Section 194-IB - Payment of rent by certain individuals or HUF is proposed to reduce from 5% to 2%. This will be effective from October 1, 2024.
· · Section 194M - Payment of certain sums by certain individuals or Hindu undivided family is proposed to reduce from 5% to 2%. This will be effective from October 1, 2024.

· · Section 194-O - Payment of certain sums by e-commerce operator to e-commerce participant is proposed to reduce from 1% to 0.1%. This will be effective from October 1, 2024.

· Section 194F relating to payments on account of repurchase of units by Mutual Fund or Unit Trust of India is proposed to be omitted. This will be effective from October 1, 2024.

Section 194-IA: This provision stipulates that payments for the sale of immovable property exceeding Rs 50 lakh must include a 1% TDS. In transactions involving many buyers or sellers, the new budget makes it clear that this rule applies collectively. The amendments will take effect from the 1st day of October, 2024.

Punjab National Bank (PNB) has announced changes to certain on-credit-related service costs applicable for savings accounts. The revision includes maintaining a minimum average balance, issuing demand drafts, duplicating DDs, cheques (including ECS), return costs, and locker rent charges. The new charges are applicable from October 1, 2024.