September 1, 2025: The start of September is bringing important changes that will affect your daily life, especially your finances.
These updates relate to household expenses, banking rules, investment options, and daily essentials. Knowing them in advance can help you manage your budget and avoid unnecessary costs.
Here are the 5 major changes that will take effect from September 1, 2025:
1. Hallmarking Now Mandatory on Silver
Until now, only gold jewellery needed hallmarking. But starting September 1, silver items—like jewellery and utensils—must also carry the hallmark seal.
This change ensures the purity of silver products and protects buyers from fake or low-quality items.
However, jewelers suggest this could lead to some price changes in the silver market. So, if you’re planning to invest in silver, it’s wise to keep a close watch on the price trends.
2. SBI Credit Card Charges Will Increase
State Bank of India (SBI), the country’s largest bank, has announced higher fees for its credit card holders:
A 2% penalty will be charged if auto-debit payments fail.
Charges for international transactions and fuel purchases using the card will rise.
The value of reward points earned through online shopping may also reduce.
So, using an SBI credit card may now cost more and offer fewer benefits.
3. New LPG Cylinder Prices Will Be Announced
Like every month, oil companies will revise the prices of LPG cylinders on September 1. These prices are based on changes in international crude oil rates and currency exchange values.
If prices go up, your kitchen budget may take a hit.
If prices drop, it can offer some relief to households.
Consumers are eagerly waiting to see what the new rates will be.
4. ATM Cash Withdrawals to Become Costlier
Banks are encouraging digital payments, and in this move, many have decided to revise their ATM withdrawal rules.
If you withdraw cash beyond the free limit, you’ll now have to pay higher charges.
This means you’ll need to plan your ATM usage carefully to avoid extra fees.
5. Fixed Deposit (FD) Interest Rates May Change
In September, several banks are expected to review their FD interest rates. Currently, most banks offer between 6.5% and 7.5%.
There are expectations that rates may go down soon.
So, if you’re considering opening an FD, this might be a good time to lock in current rates.
Final Note:
These changes can impact your monthly spending and saving plans. Staying informed helps you make better financial decisions.
