As September 2024 approaches, several key events are set to take place that will impact personal finances, with changes ranging from LPG cylinder costs to new credit card regulations. Staying up to date on these changes can help you manage your budget more effectively and avoid unexpected financial challenges. Here are the top five changes you need to be aware of this month.
1. Deadline for Aadhaar update extended
The Unique Identification Authority of India (UIDAI) has extended the deadline for free application submissions Aadhaar Updates until 14 September 2024. This extension gives Aadhaar holders more time to ensure their demographic data is accurate and current. Updating Aadhaar is essential as it is linked to critical services such as banking, government programmes and mobile connectivity. The process involves submitting valid proof of identity and address online via UIDAI portal. It is crucial to act before the deadline, although it remains uncertain whether UIDAI We will expand on this again.
2. OMCs increase prices of commercial LPG cylinders in Delhi ₹39
Oil trading companies have revised the prices of commercial LPG gas cylinders. The rate of 19 kg commercial LPG gas cylinders has been increased by 10%. ₹39 inches Delhi With effect from September 1, the retail price in Delhi of a 19 kg commercial LPG cylinder is ₹1,691.50 as of today.
3. ATF and CNG-PNG tariff updates
Beginning September 1, 2024, revisions to the prices of aviation turbine fuel (ATF) and CNG-PNG are expected. These changes could impact transportation costs, especially for air travel, and could create a domino effect on the prices of goods and services due to increased logistics expenses. Households using CNG-PNG for their vehicles or as a domestic energy source should closely monitor these price changes.
4. New measures against fraudulent calls
To combat the growing problem of fraudulent calls and spam messages, the Telecom Regulatory Authority of India (TRAI) is implementing new measures starting September 1, 2024. A key change includes the gradual transition of telemarketing services to a blockchain-based system by September 30, improving security and reducing the volume of unsolicited calls and messages. This initiative is part of a broader effort to protect consumers from telecom-related fraud.
5. Changes in credit card regulations
Credit card policies, particularly those related to reward points and payment schedules, are due to be updated in September. HDFC Bank is introducing a cap on reward points for utility payments, meaning cardholders could earn fewer points on transactions such as paying for electricity or water. Meanwhile, IDFC First Bank is revising its payment schedules, which could affect how and when payments are processed. Credit card users should review these changes carefully to avoid missing out on rewards or incurring unexpected charges.
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