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Key financial changes in August: Tax deadline, fasterĀ cashless insurance approvals and new credit card rules

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Key financial changes in August: Tax deadline, fasterĀ cashless insurance approvals and new credit card rules

In August, individual taxpayers who filed their returns in July need to verify their returns within 30 days of filing them online. Non-life insurance policyholders can expect cashless authorisation from insurance companies within one hour of request receipt. The Securities and Exchange Board of India (SEBI) has proposed a new risky asset class for mutual funds. HDFC Bank has revised terms on its credit card portfolio, including new fees and charges. Tata Neu Infinity HDFC Bank credit card users can earn NeuCoins on eligible UPI transactions. Shoppers are advised to spend smartly during the festive season, redeeming reward points and avoiding unnecessary purchases.

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