Government Introduces Changes to Various Schemes, Effective October

As soon as October started, the government made many changes. The rules of many schemes will change from October 1. These schemes include Sukanya Samriddhi Yojana, PPF Yojana, Aadhar Card-related news, and many small savings schemes. The direct impact of all this can be seen in the general public. Let’s see what these changes are.

PPF Scheme

Big news has come for PPF account holders. The government has made some changes in the rules, such as if an account is opened in the name of a minor, then interest on his savings account will remain until 18 years.

LPG Price

Significant changes can also be seen in the prices of LPG. Oil and gas companies decide on gas prices at the beginning of the month.

Credit Card

Big news has come for HDFC Bank’s credit card customers. If you use HDFC Bank’s credit card, the bank has made some changes in the redemption of the loyalty program.

The bank has limited the redemption of reward points for applying for things on the Start Buy platform to every three months.

Aadhaar Card Rules

Big news has also come out for Aadhar card holders, under which, starting on October 1, it will not be mandatory to provide Aadhaar information or enrollment ID in income tax returns or applications for PAN card allotment.

Stock Market

Using a Demat account will take two days for the shares to be credited from October 1, and a bonus will also be given.

Sukanya Samriddhi Yojana

If a person has opened an account under this scheme in the name of a girl child, then now it will be mandatory for her parents to open an account.

If this is not done, the SSY account will also be closed. Now, along with parents, legal guardians can also open an account.