News From Press May 2025: Key finance updates that could affect your wallet every day

May 2025: Key finance updates that could affect your wallet every day

Source: Business Standard May 2, 2025

Starting May, changes in banking and taxation could impact your wallet. ATM fees will increase and interest rates on fixed deposits will decrease. It will become easier to withdraw from the state-run pension fund and there will be a new luxury tax. Below is a compilation of all changes that start this month.

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