The month of September has started. This month, many important changes are going to happen related to the pockets of common people. Some of which have already started from September 1. These important changes are from free Aadhaar update to credit card, special fixed deposit and Rupay card. On the other hand, the prices of gas cylinders have been implemented from September 1. Let us also tell you what important changes are going to happen in the entire month of September related to your pocket. Which can affect your personal finance.
free aadhaar update
The Unique Identification Authority of India (UIDAI) has extended the free Aadhaar update for three months from June 14 to September 14, 2024. According to the UIDAI website, it will be necessary to upload proof of identity and proof of address to provide accurate demographic information. Common people will be able to do this work for free till September 14.
IDFC First Bank Credit Card
IDFC First Bank’s credit card payment terms have also been changed, including the minimum amount payable (MAD) and payment due date. As stated on the IDFC First Bank website, these changes will be effective from September 2024.
HDFC Bank Credit Card Loyalty Program Rules
HDFC Bank has made changes to the credit card loyalty program on specific credit cards. The new rules have become effective from September 1, 2024. The bank has sent an email to the concerned customers with the update.
IDBI Bank Special FD Deadline
IDBI Bank has extended the Utsav FD validity date. These special FDs are of 300 days, 375 days and 444 days. In which another tenure of 700 days has also been added. Common citizens are getting 7.05 percent return on Utsav FD maturing in 300 days. At the same time, senior citizens get 7.55 percent return in the same period. Common citizens are getting 7.15 percent and senior citizens are getting 7.65 percent return on Utsav FD maturing in 375 days. Earlier the deadline for this special FD was 30 June, which has been extended to 30 September.
Indian Bank Special FD Deadline
On Indian Bank’s Ind Super 300 Days Special FD, the general public will get 7.05 percent, senior citizens will get 7.55 percent and super senior citizens will get 7.80 percent return. The deadline for this FD has been extended to September 30, 2024. Earlier this date was June 30, 2024.
Punjab and Sind Bank Special FD Deadline
Punjab and Sindh Bank offers a high return of 6.30 percent on special FDs of 222 days. The bank is offering a return of 7.15 percent on special FDs of 333 days duration. The deadline for Punjab and Sindh’s limited-term special FD is September 30, 2024.
SBI Amrit Kalash
SBI customers can invest in Amrit Kalash till 30 September 2024. According to the bank’s website, this special FD of 400 days (Amrit Kalash) is getting a return of 7.10 percent which is effective from July 14. At the same time, senior citizens are getting a return of 7.60 percent. By the way, this scheme was started on 12- April- 2023. This scheme will remain valid till 30 September 2024.
SBI WeCare
This scheme has been extended till September 30, 2024. This scheme is available for new deposits and renewal of matured deposits. According to the SBI website, the public will get an additional premium of 0.50 per cent on the card rate (over the existing premium of 50 bps).
Rupay Card Reward Points
According to a directive from the National Payments Corporation of India (NPCI) to all banks issuing RuPay credit cards, RuPay credit card and UPI transaction charges should not be deducted from reward points or other specific benefits. This directive of NPCI has come into effect from September 1, 2024.
Changes in credit card rules
The Reserve Bank of India (RBI) has directed all card issuers, including banks, to refrain from signing exclusive contracts with card networks that restrict them from using other networks. This action has been taken after a review, which determined that some card network and issuer agreements are against consumer freedom of choice. This will be effective from six months from the date of the circular, i.e. September 6, 2024.
