There are only 2 days left for the new financial year 2025-26 to start. A lot of significant changes are on the horizon that could impact people’s finances. Starting April 1, new regulations will be introduced, affecting everything from ATM transactions to TDS.

 

Here are 10 major changes coming on April 1:

 

1. Positive Pay System

As reported, several banks might roll out the Positive Pay System starting April 1. This means that for check transactions over Rs 5000, details like the check number, date, payee’s name, and amount will be verified to help reduce fraud.

 

2. LPG, CNG, and PNG Prices

Oil companies adjust the prices of LPG, CNG, and PNG on the first of each month. So, expect potential price hikes or drops for these fuels on April 1.

 

3. ATM Changes

There could be several updates regarding ATMs on April 1. Reports suggest that banks might lower the cash withdrawal limit. Additionally, the fee for withdrawing cash beyond the free limit could rise from Rs 17 to Rs 19. Currently, in major cities like Delhi, Mumbai, and Kolkata, you can make three free withdrawals, but exceeding that will incur a fee.

 

4. TDS Changes

Significant adjustments to TDS are also anticipated on April 1. If the reports are accurate, the government may raise the TDS limit for senior citizens to Rs 1 lakh, up from the current Rs 50,000.

 

5. TDS on Rent

The TDS limit on rent paid to landlords is expected to increase as well, potentially rising to Rs 6 lakhs per year from the current Rs 2 lakhs.

 

6. TDS on Foreign Transactions

There may be an increase in the TDS limit for foreign transactions, which is likely to go up to Rs 2.4 lakhs annually.

 

7. Education Loan TDS

Changes might also occur regarding TDS on education loans.

 

8 and 9. TDS on Mutual Funds and Dividends

Additionally, there could be modifications to the TDS applied to mutual funds and dividends. Reports suggest that the TDS limits for these could be adjusted as well.

 

10. The National Payments Corporation of India (NPCI) is considering the addition of new features to the RuPay Debit Select Card.