With the beginning of September, many rules that will directly affect your pocket are going to change. The effect of these changes will be visible on everything from your household budget to banking and investment. Therefore, it is very important that you know about these new rules in advance and plan your finances accordingly. Let us know which 5 important changes are going to be implemented from September 1, 2025.
Now hallmarking will be done on silver as well
Till now, hallmarking was mandatory only on gold, but from September 1, this rule is going to apply to silver as well. This means that now whatever silver jewelry or goods you buy, they will be available with the prescribed standards and purity. This will protect customers from fraud. However, experts believe that this rule may affect the prices of silver. Therefore, if you are thinking of investing in silver, then it will be very important to keep an eye on the new prices.
New rules applicable to SBI cardholders
State Bank of India (SBI) card users will have to follow the new rules from September 1. If auto-debit fails, a penalty of 2% will be levied. Apart from this, more charges will have to be paid on international transactions and the purchase of petrol and diesel. The value of reward points received on online shopping may also be reduced. That is, now every expense will have to be done thoughtfully, otherwise there may be an additional burden on the pocket.
New prices of LPG cylinders
Like every month, on September 1, oil companies will announce new prices of LPG cylinders. These prices are based on international crude oil prices and the company’s calculations. If prices increase, the kitchen budget may deteriorate, whereas if prices decrease, there may be some relief. Therefore, customers’ eyes are fixed on LPG rates this time too.
Withdrawing cash from an ATM will be expensive
Since September, many banks have been implementing new rules for ATM transactions. Customers will have to pay more charges for withdrawing cash beyond the prescribed limit. The banking sector is now focused on promoting digital transactions, so it is advisable to withdraw money from an ATM only when needed.
Interest rates on FD may change
Many banks are going to review interest rates on fixed deposits (FD) in September. At present, most banks are paying interest ranging from 6.5% to 7.5%, but there is a discussion in the market that interest rates may come down in the future. In such a situation, it may be beneficial for those who are planning to make an FD to make a decision soon.