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New Financial Rules 1st September: Every month, there are some important changes related to finance. There will be important financial changes in the month of September as well, which will affect the pockets of the common man.
From September 1, there will be many big changes related to your money and daily life. These changes will have a direct impact on your pocket. Whether you are going to buy silver, use an SBI card or buy an LPG cylinder. We tell you what these new rules are and how they will affect you.
First, let’s talk about silver. The government is introducing new rules on silver, which will bring more transparency in its purchase and sale. Preparations are also underway for hallmarking of silver jewellery. This means that strict rules may be imposed on the price and quality of silver. If you are investing in silver or planning to buy jewellery, you need to keep these rules in mind. These changes will make the silver market more reliable, but they may also affect prices.
The rules are changing for SBI card users from September 1. Now, more charges may be levied on bill payments, fuel purchases or online shopping through credit cards. A 2% penalty will be levied on auto-debit failures and additional charges may also be charged on international transactions. Also, the value of reward points may also decrease. If you are using an SBI card, keep a record of your spending in advance, so that you can avoid unnecessary penalties.
The price of LPG cylinder changes on the first day of every month. This time too, the prices may be lower or higher on September 1. These changes are decided by the oil companies and the global market. If the price increases, your kitchen budget may get a little spoiled. So, plan your expenses in advance. If the price decreases, then this will be a comforting news for you.
Apart from this, ATM withdrawal rules in some banks may also change. New charges may be levied on ATM transactions, especially if you withdraw more than the prescribed limit. Therefore, avoid excessive use of ATMs and encourage digital payments.
Also, interest rates on fixed deposits (FDs) can also vary among some banks. Currently, most banks are offering interest rates of 6.5% to 7.5%, but there is speculation that these rates may come down. If you are thinking of investing money in FDs, then take a decision early.
Overall, these changes will impact your pocket and daily life. Whether it’s investing in silver, using a credit card or buying a gas cylinder, understand these new rules and prepare in advance.
Manage your budget, monitor your spending, and talk to a financial advisor if necessary. Take steps carefully so that these changes don’t become a problem for you.
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