From September 1 (Monday), many important rules have changed. These new rules will directly affect your household budget and daily expenses.
The changes include hallmarking of silver, revision of LPG prices, ATM withdrawal charges, and possible changes in fixed deposit (FD) interest rates.
LPG Prices May Change
On the first day of every month, oil companies announce new rates for domestic LPG cylinders.
Similarly, from September 1, cylinder prices will be revised based on global crude oil prices and company calculations. This will affect how much you spend on cooking gas.
ATM Withdrawal and FD Interest Rates
Some banks are bringing new rules for ATM usage. If customers withdraw money more than the set monthly limit, they may have to pay higher transaction charges.
Along with this, many banks may also revise their FD interest rates in September. Currently, most banks are offering interest between 6.5% to 7.5% on fixed deposits.
Mandatory Hallmarking for Silver
The government has made hallmarking of silver compulsory. This step will bring uniformity in purity and pricing in the silver market.
While this will improve reliability and transparency, it may also affect the overall prices of silver items.
New Charges on SBI Cards
From September, SBI cardholders will face revised terms and charges.
A 2% penalty will be applied if an auto-debit payment fails.
Additional fees may be charged on international transactions.
Higher charges may also apply on fuel purchases and online shopping.
