Rules Changing from 1 September 2024: Every month, the country witnesses a variety of rules and changes on the first day. In September, a number of rules pertaining to your finances will undergo changes. These These include the deadline for updating your free Aadhaar, investing in a special FD scheme, and changes to credit card rAll these changes will directly affect the common man’s finances. Let us know about these changes and whose deadlines you need to remember.
Here we know about some such big changes (New Rules From 1st August 2024), which can prove to be directly affecting your kitchen to your pocket.
The deadline for free Aadhaar updates is approaching.
UIDAI (Unique Identification Authority of India) has extended the facility of updating all the details related to Aadhaar for free (Update Aadhaar Card Online for Free) by three months, i.e., from 14 June to 14 September 2024. If you also want to advantage of this free service, then update your Aadhaar online (Aadhaar Card Update online) by September 14, 2024. Otherwise, you’ll have to pay a fee for it later.
Pay particular attention to the fact that free Aadhaar updates are only available on online updates. If you go to the Aadhaar Seva Kendra and get any update done in Aadhaar, you will have to pay the applicable fee.
Price of Gas Cylinder (LPG Price)
The government typically modifies the price of LPG on the first of each month. Every month, the government alters the price of commercial gas cylinders to LPG. In such a situation, consumers should also be prepared for a possible change in the prices of LPG cylinders in September. In August, the price of commercial LPG gas cylinders increased by Rs 8.50, while in July, it fell by Rs 30.
Changes in ATF and CNG-PNG rates
From September 1, 2024, we expect changes in the prices of Aviation Turbine Fuel (ATF) and CNG-PNG. These changes may affect transportation costs, especially for air travel, and may affect goods and services due to increased logistics costs.
Rein in fake calls.
To curb the increasing number of fake calls and spam messages, the Telecom Regulatory Authority of India (TRAI) is introducing new rules from September 1, 2024. TRAI has issued a strict guideline for telecom companies. TRAI has asked telecom companies to shift telemarketing calls and commercial messaging starting from 140 mobile number series to blockchain-based DLT, i.e., Distributed Laser Technology Platform, by September 30.
Telemarketing services will gradually shift to blockchain-based systems by September 30. This will enhance security and minimize unsolicited calls and messages. This move is a big step against telecom fraud, which will provide consumers more protection against scams.
The new credit card rule
Credit card rules are also going to change in the month of September, especially in terms of reward points and payment schedules. HDFC Bank will limit reward points on utility transactions, which means that card holders can earn fewer reward points when paying for services like electricity or water.
Additionally, IDFC First Bank is updating its payment schedules, potentially altering the timing and method of processing payments. Therefore, it is crucial for credit card users to monitor these changes to prevent any loss of reward points or fees.
DA Hike
Central government employees may see a 3% hike in Dearness Allowance (DA) this September. Currently, government employees receive a Dearness Allowance (DA) of 50%. That is, it may increase from 50% to 53% next month.