New Delhi:
Several important rules related to your finances are set to change in September 2024. These changes will affect your savings, investments, and credit cards.
Key updates include deadlines for Aadhaar updates, special FD schemes, and credit card rules.
Here are the nine changes you need to be aware of to avoid any inconvenience.
Free Aadhaar Update Deadline Extended
The deadline for updating Aadhaar documents for free has been extended to September 14, 2024.
Previously, this facility was available only until June 14, 2024, but the government has extended it by three more months.
Changes in Credit Card Rules
IDFC FIRST Bank Credit Card Rules
IDFC FIRST Bank has revised its credit card payment rules, including the minimum payment amount (MAD) and payment deadline. These changes will be effective from September 2024.
HDFC Bank Credit Card Loyalty Program
HDFC Bank has updated the loyalty program rules for some credit cards, effective from September 1, 2024. Affected customers have been informed via email.
Special FD Scheme Deadlines
IDBI Bank Special FD: IDBI Bank has extended the validity of some special tenure FD schemes under Utsav FD until September 30, 2024.
These include 300 days, 375 days, and 444 days FD schemes. Additionally, a new 700-day FD scheme has been introduced.
Indian Bank Special FD: Indian Bank is offering 7.05% interest to the general public, 7.55% to senior citizens, and 7.80% to super senior citizens on their Ind Super 300 days FD.
The deadline for this scheme has been extended to September 30, 2024.
Punjab & Sind Bank Special FD: Punjab & Sind Bank is offering a 6.30% interest rate on their 222 days special FD scheme and 7.15% on the 333 days FD.
The last date for this scheme is September 30, 2024.
SBI Amrit Kalash: The investment deadline for SBI’s Amrit Kalash scheme has been extended to September 30, 2024.
This 400-day scheme offers 7.10% interest for the general public and 7.60% for senior citizens. The SBI WeCare scheme has also been extended to the same date.
RuPay Card Reward Points Protection
The National Payments Corporation of India (NPCI) has instructed that RuPay credit card and UPI transaction fees should not affect reward points or other special benefits.
This rule will come into effect from September 1, 2024.
RBI’s New Credit Card Rule
The Reserve Bank of India (RBI) has directed all card issuers to avoid exclusive agreements with any single card network that would prevent them from using other networks.
This change will be effective from September 6, 2024.
