These 10 big changes will happen from the new year, know where your profit will be in 2023 and where your pocket will be cut

New Year 2023: The old year is about to pass and the new year of 2023 is about to come. On the new year, we will not only change the new calendar, but many new changes related to your pocket are also going to happen. Some changes will be beneficial for you, while some changes can also be heavy on your pocket. At the same time, there are many such works which you can get done by December 31, then you can also get relief from paying a higher price on the new year. Come, the team of India TV Paisa is going to tell you about the major changes that are going to happen from the beginning of 2023, which will have more or less impact on your pocket.

1. Expensive to buy a vehicle

If you were planning to buy a new car, then the new year will be expensive for you. Almost all the major car bike companies of the country are going to increase the prices of their products by up to Rs 90,000. Maruti, Kia, Tata Motors, Mercedes, Hyundai, Audi, Renault and MG Motors have already announced a price hike. At the same time, Hero MotoCorp has also announced a price hike.

2. Rules related to credit card card will change

If you also use a credit card, then the rules related to reward points in many banks are also going to change from January 1, 2023. For example, HDFC Bank will change the rewards point and fee structure of the credit card. Now you will also have to pay a fee of 1 per cent on this. Along with this, SBI has also changed some rules for its SimplyCLICK cardholders. In such a situation, if you have reward points in your credit card, then definitely redeem them by 31 December. In this case, use these reward points only in December.

3. Change in locker rules as well

The second change is related to the bank locker. You need to ensure that you have signed the new Locker Agreement for using the Bank Locker from 1st date onwards. Many banks, including Punjab National Bank, are also sending SMS to customers citing the new rules of the Reserve Bank.

4. Watching TV will be cheaper

Your cable TV expenses may come down a bit this New Year. Under TRAI's new rules, companies will now have to include channels priced below Rs 19 in the bouquet. At the same time, the limit of maximum discount on bouquet of channels has also been fixed at 45 percent.

5. Motor insurance will be expensive

Motor insurance premium may also become costlier from January 2023. Insurance regulator IRDAI is considering new rules under which insurance companies can fix insurance premiums based on the use and maintenance of vehicles. There is a possibility that people may get a shock of expensive insurance premiums from the new year. Apart from this, it will be mandatory for you to submit KYC i.e. Know Your Customer documents.

6. Electronic bill will be mandatory for businessmen

This change, which will take place from January 1, is related to businessmen. According to media reports, from January 1, 2023, it will be mandatory for those doing business of more than Rs 5 crore to generate e-invoicing i.e. electronic bill. Earlier this limit was Rs 20 crore. From January 1, traders will have to issue bills through the portal only. With this, small businessmen will also come under the ambit of e-bill. Where there will be transparency in the system and there will be a ban on taking input tax credit by making fake bills.

7. Higher fine for high security number plate

High Security Registration Plates were already made mandatory. However, its deadline keeps on moving in between. If the time limit for installing high security number plates is not extended, then you may have to pay a heavy fine of up to 5 thousand. In such a situation, if your vehicle has not yet got a high security number plate, then get it installed immediately.

8. Changes in gas prices

This change does not have much to do with the new year, but with the change of the calendar of the month, this change is also expected. CNG and PNG prices change mostly on the first date or first week of the month. The prices of commercial cylinders were reduced in early November 2022. However, there was no change in the prices of domestic LPG cylinders.

9. IMEI registration mandatory for phone manufacturers

This change is related to the phone manufacturers. From 1st date, registration of IMEI number of every phone will be necessary for every phone manufacturer and its import and export company. The government is going to implement this system from January 1, 2023 to curb the increasing digital fraud in the country and the world.

10. There will be no partial withdrawal from NPS

This news is for those who are thinking of withdrawing some amount from NPS account. From the new year, you will not be able to make partial withdrawals online from NPS accounts. There is also going to be a big change in the rules related to partial withdrawal from NPS accounts. On or after January 1, 2023, employees of the Central Government, State Government or Government Institutions will not be able to make online partial withdrawals from their NPS accounts on the basis of self-declaration. In fact, the Pension Fund Regulatory and Development Authority (PFRDA) had given this facility to government employees keeping in mind the Kovid 19 epidemic, which is now being withdrawn.