What financial changes will come into effect in July?

Paytm Payments Bank will close wallets with NIL balances and no transactions for over a year on July 20. Starting July 1, SBI will discontinue accrual of reward points on government-related transactions for some credit cards, whereas ICICI will increase credit card replacement fee to ₹200. Migration of Citibank credit cards to Axis Bank will be completed by July 15.

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