As the deadline for filing Income Tax Returns (ITR) on July 31, 2024, approaches, several important financial deadlines and regulatory changes are coming into effect. Here are some key dates and changes to be aware of:Key Deadlines

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    July 1, 2024: Changes to SBI Card credit card rules and ICICI Bank credit card charges become effective.    July 15, 2024: Completion of Citibank credit card migration to Axis Bank.    July 20, 2024: Paytm Payments Bank will close inactive wallets.    July 31, 2024: Deadline for filing Income Tax Returns for Fiscal Year 2023-24.

Paytm Wallet Closures

On July 20, 2024, Paytm Payments Bank will close wallets with a zero balance that have had no transactions for over a year. According to the bank’s website, "All wallets that have not had any transactions for the last year or more and have a nil balance will be closed effective July 20, 2024. A communication will be sent to all impacted users, who will be given a 30-day notice period before the closure of their wallet."SBI Card Credit Card Rule Changes

Starting July 1, 2024, SBI Card will no longer allow the accumulation of reward points on government-related transactions for several credit cards, including:

    Air India SBI Platinum Card    Air India SBI Signature Card    Central SBI Select+ Card    Chennai Metro SBI Card    Club Vistara SBI Card    Club Vistara SBI Card PRIME    Delhi Metro SBI Card    Etihad Guest SBI Card    Etihad Guest SBI Premier Card    Fabindia SBI Card    Fabindia SBI Card SELECT    IRCTC SBI Card    IRCTC SBI Card Premier    Mumbai Metro SBI Card    Nature’s Basket SBI Card    Nature’s Basket SBI Card ELITE    OLA Money SBI Card    Paytm SBI Card    Paytm SBI Card SELECT    Reliance SBI Card    Reliance SBI Card PRIME    Yatra SBI Card

ICICI Bank Credit Card Charge Revisions

Effective July 1, 2024, ICICI Bank will revise various credit card service charges. Key updates include:

    Increase in the card replacement fee from Rs 100 to Rs 200 for all cards except the Emerald Private Metal Credit Card.    Discontinuation of the following fees:        Cheque/Cash pick-up fee of Rs 100 per pick-up        Charge slip request fee of Rs 100        Dial-a-draft transaction fee of 3% of the draft value (minimum Rs 300)        Outstation cheque processing fee of 1% of the cheque value (minimum Rs 100)        Duplicate statement request fee of ₹100 for statements older than three months

Income Tax Return (ITR) Deadline

The deadline for filing Income Tax Returns for Fiscal Year 2023-24 (Assessment Year 2024-25) is July 31, 2024. Taxpayers who miss this deadline can still file a delayed return by December 31, 2024.PNB Rupay Platinum Debit Card Lounge Access Changes

Effective July 1, 2024, Punjab National Bank (PNB) will update the lounge access program for all Rupay Platinum Debit Card variations. The new benefits include:

    One domestic airport or railway lounge access per quarter    Two international airport lounge accesses per year

Citibank Credit Card Migration

Axis Bank has notified Citibank credit card customers that all accounts, including credit card relationships, will be migrated by July 15, 2024.