India, Feb. 28 -- A slew of financial changes are set to take effect from March 1, 2025 onwards, which may affect a wide number of financial aspects for citizens. Read on to know what some of these changes are.

The changes include SEBI's new rules on mutual funds, demat accounts and tax adjustments and relief for taxpayers.

Market regulator Securities and Exchange Board of India (SEBI) has released new guidelines, which are set to take effect from March 1. The revised regulations concern the nomination procedure for mutual fund (MF) folios and demat accounts, particularly in the event of a person's illness or death.

The guidelines dictate that it will now be mandatory for single-holder accounts to provide a nominee to prevent unclaimed...