Change in Rules: These Financial Rules will Affect Common Man’s Pocket From Nov 1

31 Oct, 2023 Author: Ayushee Joshi

Rules Changing From Nov 1: Only one day is left to the month of November 2023, bringing many significant changes for people. Many financial rules, such as LPG rates, KYC, and GST, will change on November 1st, directly affecting the wallets of a common person. As November is the continuation of the ongoing festive season, people are busy shopping for the festivals, and in the midst of purchasing goods and products, this rule change may certainly impact their shopping spree. Let us know about the upcoming financial rule changes from November 1, 2023.

Important Financial Changes in November 2023

Starting with bank holidays, there are several holidays in November due to Dhanteras, Diwali, Bhai Dooj, Chhath, and other festivals. Banks in several states will be closed for a total of 15 days, including Saturday and Sunday. Make sure to pre-plan your bank-related work or wait for another month. Apart from this, LPG, PNG, and CNG prices change in the first week of each month. It is still unclear whether the government will reduce or increase the prices. Furthermore, if any of your LIC policies have lapsed and you wish to resume them, you have until October 31st, i.e., today. To revive the expired policy, LIC has launched a specific campaign (LIC Policy Revival Campaign).