4 key money changes to come into effect from May 1 that investors should know

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Also Read: Best FD rate? This bank is offering 9.25% on fixed deposits for senior citizens ICICI Bank has recently revised the service charges for various services, including cheque book issuance, IMPS, ECS/NACH Debit Returns, stop payment charges, and more. These updates are scheduled to come into effect from May 1, 2024, as announced on the ICICI Bank website. Stay informed to avoid any surprises!

Also Read: ICICI Bank account holders alert! These 10 service charges to change from next month.

Details here HDFC Bank has extended the deadline to invest in its fixed deposit scheme designed especially for senior citizens. Known as the Senior Citizen Care FD, this special scheme offers higher interest rates and was initially launched in May 2020. The last date to invest in this beneficial FD plan has now been extended to May 10, 2024.

IDFC First Bank has announced a change in its credit card policy regarding utility bill payments, effective May 1, 2024. According to the new policy, a 1% surcharge, along with GST, will be applied to credit card payments for utility bills exceeding ₹20,000 in a statement cycle. However, this surcharge will not apply to transactions made using the FIRST Private Credit Card, LIC Classic Credit Card, and LIC Select Credit Card.

Also Read: 60% make rewards top priority in credit card choice, reveals survey As per Yes Bank website, "AMB requirement, as defined by YES bank from time to time, at select locations, is Rs.

5000 for YES Grace, Rs. 2500 for YES Respect and Rs. 2500 for YES Value.

For Kisan Savings A/c, Average Yearly Balance (AYB) of Rs. 1000 is required at all locations. For savings value where AMB requirement is Rs.