Several regulatory changes have come into effect from April 1, the beginning of the new financial year. IRDAI has revised policy surrender values, with payouts based on the surrender year. Additionally, PF balances will now automatically transfer to new employers for individuals switching jobs, simplifying the process. The default tax regime has shifted, impacting income tax rules for individuals. NHAI’s ‘One Vehicle, One FASTag’ initiative aims to enhance FASTag usage. Moreover, the PFRDA has mandated two-factor Aadhaar-based authentication for NPS security, effective April 1, 2024. These changes aim to streamline processes and improve financial security.