Rules Change From 1st October: Today is the last day of September; that is, October will start from tomorrow, the 1st. One date of any month is exceptional because many rules change. The rules of some small savings schemes, including PPF, Sukanya Samriddhi Yojana and Aadhar Card, will change from October 1, 2024.
That is, today is the only one left. This is going to affect many account holders. It is being said that three significant changes will happen under PPF. So, let’s know which rules are changing and what impact this change will have on the general public’s lives.
PPF account for minors
Per the revised rules, post office savings account interest will remain available on Public Provident Fund accounts opened in the name of a minor until the minor turns 18.
LPG Rules Change
Oil companies evaluate LPG on the first day of every month, after which the price changes. On the first date, the price of a domestic or commercial gas cylinder can be seen.
Credit Card Rules Change
If you use HDFC Bank’s credit card, you may also be affected from October 1. Actually, HDFC Bank has made some changes regarding the loyalty program of some of its credit cards. The bank has limited the redemption of reward points for Apple products on the SmartBuy platform to one product every calendar quarter.
Aadhar Card Rules Change
The budget will not allow the Aadhar enrollment ID to be mentioned instead of the Aadhar number. This has been approved. From October 1, no person will be able to mention Aadhar enrollment ID in his income tax return or application form for PAN allotment.
Share market Rules Change.
The rules of share buyback are going to change dramatically. Starting on October 1, crediting shares in the demat account will take two days, and bonus shares will also be given to investors within two days.
Sukanya Samriddhi Yojana Rules Change
A significant change has also been made in Sukanya Samriddhi Yojana. From October 1, if any other person has opened a Sukanya Yojana account in the name of a girl child, they will have to get the account opened in the parents’ name. If you do not do this, the account linked to the scheme can be closed.