As we enter September, there are many important money and financial changes that have either taken place or set to kick in. These changes among others include LPG cylinder price adjustments and new credit card regulations. In this article, we will update you about these changes so that you can manage your budget effectively and avoid unexpected financial challenges. Here’s a summary of the top five changes you need to know about this month:

Aadhaar details update deadline to end soon:

The deadline to update Aadhaar details for free will end on September 14. The Unique Identification Authority of India (UIDAI) extended the deadline in June this year by another three months until September 14, 2024. So far, the UIDAI has extended the deadlines three times. Now, it remains to be seen if another extension will be granted.

Aadhaar cardholders are allowed to update their address online by submitting Proof of Identity and Proof of Address documents. No fee is required if the address has not been updated in the last 10 years. Remember, you must have the same mobile number linked to your Aadhaar to receive OTPs for online logins and address updating.

Also read: Coming Soon: Now you can open a fixed deposit with a 20-year tenure – What you need to know

LPG price hike:

Oil marketing companies (OMCs) have increased the price of 19-kg commercial LPG cylinders by Rs 39 in Delhi, effective September 1, 2024. Now, the cost of one cylinder is Rs 1,691.50. This hike will affect commercial establishments and could impact the cost of goods and services due to higher operational expenses.

Revisions to ATF and CNG-PNG rates:

Besides LPG price hike, it is likely that there might be a revision in the prices of aviation turbine fuel (ATF) and CNG-PNG also. These changes will impact transportation costs, affecting the prices of goods and services due to increased logistics costs. Households using CNG-PNG for vehicles or as a domestic energy source may have to pay more due to these adjustments.

New measures against fraudulent calls:

With an aim to tackle the issue of fraudulent calls and spam messages, the Telecom Regulatory Authority of India (TRAI) has announced introducing new measures, effective September 1, 2024. Its measures include transitioning telemarketing services to a blockchain-based system by September 30, which aims to enhance security and reduce the number of unsolicited calls and messages. This is part of a broader effort to protect consumers from telecom-related fraud.

Also read: Last chance to update Aadhaar details for free! UIDAI set to change certain rules from THIS date

Updates to credit card regulations:

Credit card users alert! Certain banks have changed their reward points and payment policies for select credit cards. HDFC Bank will put a cap on reward points for utility payments, which may reduce the points earned on transactions such as electricity or water bills. Another bank IDFC First Bank has revised its payment schedules, potentially affecting payment processing times. Credit card users should review these changes carefully to avoid missing out on rewards or incurring unexpected fees.