As we enter September 2024, several new financial changes will affect people across India. Starting September 1, several major financial updates are going to take place.
Hereās a look at the top 5 significant financial changes you should know.
Free Aadhaar Document Update: The Unique Identification Authority of India (UIDAI) has extended the free update period for Aadhaar documents. You can now make updates at no charge till September 14, 2024.
LPG Cylinder Price Increase: Starting September 1, 2024, the price of LPG cylinders, especially commercial ones in Delhi, will rise by Rs 39. The new price for a cylinder will be Rs 1,691.50, up from Rs 1,652.50.
Credit Card Reward Changes: From September 1, 2024, credit cardholders may earn fewer rewards on utility payments like electricity and water bills.
Curbing Fraudulent Calls: The Telecom Regulatory Authority of India (TRAI) is implementing a new method to reduce the number of fraudulent calls and spam messages starting September 1, 2024.
Price Revisions for ATF and CNG-PNG: Aviation turbine fuel (ATF) and CNG-PNG prices are expected to change from September 1, 2024, which may affect transportation costs.
Credit Card Network Flexibility: The Reserve Bank of India (RBI) has directed banks not to sign exclusive contracts with card networks. This new rule, which will be effective from September 6, 2024, allows customers to choose their preferred card network.