Many significant changes occur across the country on the first of every month. From September 1, 2025, many rules related to your daily expenses and money are going to change. These changes will have a direct impact on your pocket. Whether you are thinking of buying silver, using an SBI credit card, or buying an LPG cylinder, it is very important for you to know these new rules. Let us know what the major changes that will happen next month will be and what their impact on the common man will be.
Big change in GST, things will become cheaper
A major reform is likely to happen in the GST system in September. The 56th meeting of the GST Council is scheduled to be held in New Delhi on 3 and 4 September 2025. According to media reports, there may be a change in the tax slab. Instead of the existing four tax slabs (5%, 12%, 18%, 28%), now there can be only two slabs (5% and 12%). If this happens, it will directly benefit the common man, and many everyday things can become cheaper.
Change in silver rules
Hallmarking may be implemented on silver from September 1. This means that now customers will be able to easily identify the purity and quality of silver. This will bring more transparency in investment in silver and the purchase of jewellery. This change will make the silver market more reliable and may also affect its prices.
Change in SBI credit card rules
If you have a State Bank of India (SBI) Lifestyle Home Centre SBI Card or its select version, then there is some important news for you. From September 1, you will no longer get reward points on payments made on digital gaming and government portals. Apart from this, charges may also increase for bill payment, fuel purchase, or online shopping. If the auto-debit fails, a 2% penalty and additional charges may also be levied on international transactions.
Other important changes that will affect your pocket
LPG Cylinder Price: LPG cylinder prices change on the first of every month. On September 1, oil companies will fix new prices for domestic and commercial cylinders. If prices increase, your kitchen budget will be affected.
KYC for Jan Dhan account holders
The Reserve Bank of India (RBI) has said that the account holders of Pradhan Mantri Jan Dhan Yojana will have to get KYC (Know Your Customer) done again by September 30. Camps are being organized by public banks for this at the panchayat level.
Last date for Income Tax Return (ITR)
The last date for filing income tax returns for the assessment year 2025-26 is September 15, 2025. Those who have not yet filed their ITR should do so as soon as possible; otherwise, difficulties may increase later.
15 days holiday in banks
Due to many festivals in the month of September, banks will remain closed for a total of 15 days, including weekend holidays. If you have any work related to the bank, then finish it in advance.
In this way, from September 1, many changes will be seen in your daily life and expenses. Take any financial decision only after understanding these changes.