Top 5 financial changes in September 2024: Free Aadhaar updates, fraudulent call crackdown, credit card rules

September 2024 will see several important changes which will impact personal finance and affect everything from LPG cylinder prices to credit card regulations

Published on: Aug 30, 2024, 19:30:07 IST

By HT News Desk

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September 2024 will see several important changes which will impact personal finance and affect everything from LPG cylinder prices to credit card regulations.

A cashier displays the new 2000 Indian rupee banknotes inside a bank in Jammu. (Reuters)

Also Read: India's GDP growth moderates to 6.7% in Q1 2024-25, lowest growth in five consecutive quarters

Which are the top five changes to watch out for in September?

1. Free Aadhaar update extension

The Unique Identification Authority of India (UIDAI) has extended the free Aadhar update period to September 14, 2024, giving more time to update demographic information.

To update it, valid proof of identity and address documents must be uploaded to the UIDAI portal.

2. LPG cylinder price changes/Adjustments

Both domestic as well as commercial users of LPG must watch for price changes, and this is especially true for commercial users who rely on bulk usage of LPG as that would significantly impact business costs.

Also Read: Deposit cash in ATMs using UPI, new feature launched by RBI, steps to use

3. Changes in CNG-PNG and aviation fuel prices

Aviation turbine fuel (ATF) and CNG-PNG prices are expected to get revisions, affecting transportation costs, especially for air travel, and could thus, have a trickle-down effect on goods and services due to increased transport expenses.

4. Crackdown on Fraudulent Calls

The Telecom Regulatory Authority of India (TRAI) is introducing new measures to curb the increasing number of fraudulent calls and spam messages, with telemarketing services expected to gradually shift to a blockchain-based system by September 30, enhancing security and reducing unsolicited calls and messages.

5. Credit Card Regulations

New credit card rule changes, especially related to reward points and payment schedules are expected to come. For example, HDFC Bank will cap reward points on utility transactions, which means that users may actually earn fewer rewards while paying for services such as electricity or water. IDFC First Bank is updating payment schedules, which could potentially impact when and how payments are processed.

Also Read: Club Vistara to end after Air India merger: What happens to your loyalty points?

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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