1 free Aadhaar update
The Unique Identification Authority of India (UIDAI) has extended the free Aadhaar document update for three months from June 14 to September 14, 2024. According to the UIDAI website, “Update Aadhaar to maintain the accuracy of demographic information. To update it, upload your proof of identity and proof of address documents.”
2 IDFC FIRST Bank credit card
IDFC FIRST Bank credit card payment terms have also been amended, including the Minimum Amount Due (MAD) and payment due date. As stated in the IDFC FIRST Bank website, these changes will come into effect from September 2024.
3 HDFC Bank Credit Card Loyalty Program Rules
HDFC Bank has amended the credit card loyalty programme on select credit cards. The new rules will come into effect from September 1, 2024. The bank has sent an email to the respective customers with the update.
4 IDBI Bank FD Special Deadline
IDBI Bank has extended the validity date of Utsav fixed deposits for special tenures of 300 days, 375 days and 444 days. The new period added to the list is 700 days.
For general citizens, the bank is offering 7.05% on Utsav fixed deposits with maturity of 300 days. Meanwhile, senior citizens get 7.55% on 300-day Utsav fixed deposits.
For Utsav fixed deposits with a maturity of 375 days, the bank is offering an interest rate of 7.15% (previously 7.1%). Senior citizens can earn 7.65% on Utsav fixed deposits with a maturity of 375 days (previously 7.6%).
IDBI Bank has extended the validity date of Special FD tenor from 30th June 2024 to 30th September.
Special FDs with interest rate up to 8%: These 4 special FDs from banks will end on September 30
5 Bank of India FD Special Deadline
Indian Bank will now offer interest rates of 7.05% to general public, 7.55% to senior citizens and 7.80% to super senior citizens on the Ind Super 300 Days.
The final date has been extended to 30 September 2024. Previously the date was 30 June 2024.
Ind Super 400 Days.
6 Deadline for special funding for Punjab and Sindh
The special FD duration of 222 days offers a higher interest rate of 6.30%. The bank is offering 7.15% on special deposits with a tenure of 333 days. The deadline for Punjab and Sindh time-limited special deposits is 30th September 2024.
7 SBI Amrit Kalash
SBI customers can invest in Amrit Kalash till September 30, 2024.
According to the bank’s website, “The specific term plan of “400 days” (Amrit Kalash) at an interest rate of 7.10% with effect from April 12, 2023. Senior citizens are eligible for an interest rate of 7.60%. The plan will be valid till September 30, 2024.”
SBI WeCare
The scheme has been extended till 30 September 2024. The scheme is available for new deposits and renewal of maturing deposits.
According to the SBI website, “Additional premium of 50 basis points (in addition to the existing premium of 50 basis points) on the card rate for the public i.e. 100 basis points on the card rate for the public.”
8. Rupay Card Reward Points
RuPay and UPI credit card transaction fees should not be deducted from reward points or other specific benefits, according to a directive by the National Payments Corporation of India (NPCI) to all banks issuing RuPay credit cards. This NPCI directive comes into effect from September 1, 2024. Click here for read more.
9 Changes in credit card rules
The Reserve Bank of India (RBI) has directed card issuers, including banks, not to enter into exclusive contracts with card networks that would “preclude” them from using other networks. The move follows a review that found some card networks and issuer agreements did not support consumer choice.
The above will come into force six months after the date of this circular, that is, on September 6, 2024.
Credit Card Rule Changes: You’ll soon be able to choose from multiple card networks; when it goes live, who isn’t eligible?
Disclaimer:
The information contained in this post is for general information purposes only. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.
We respect the intellectual property rights of content creators. If you are the owner of any material featured on our website and have concerns about its use, please contact us. We are committed to addressing any copyright issues promptly and will remove any material within 2 days of receiving a request from the rightful owner.