Starting September 1, multiple changes will come into force that could impact household budgets and everyday expenses. From hallmarking of silver to higher charges on SBI cards, LPG price revisions, ATM withdrawal fees and possible shifts in fixed deposit (FD) interest rates, all will directly affect consumers. (News18 Hindi)
The government is preparing to extend mandatory hallmarking to silver, similar to gold. This move aims to bring greater transparency to the silver market by ensuring uniform standards of purity and pricing. While the measure is expected to boost reliability, experts say it could also influence silver prices. Those planning to buy or invest in silver jewellery should be mindful of the new rules. (News18 Hindi)
State Bank of India (SBI) cardholders will face revised terms from September 1. A penalty of 2% will now be levied in case of auto-debit failures, while international transactions could attract additional charges. Fuel purchases and online shopping may also see higher fees. At the same time, the value of reward points could be reduced. Customers are advised to track spending carefully to avoid penalties. (News18 Hindi)
As is routine on the first of every month, oil companies will announce the new rates of domestic LPG cylinders on September 1. Prices fluctuate in line with global crude oil trends and company calculations. A hike would add pressure to kitchen budgets, while a cut would provide some relief to households. (News18 Hindi)
Some banks are set to implement new norms on ATM usage. Customers withdrawing beyond the prescribed monthly limit may face higher transaction charges. With banks pushing for greater digital adoption, experts advise minimising unnecessary ATM withdrawals to avoid extra costs. (News18 Hindi)
Several banks are also reviewing their deposit rates in September. Currently, most lenders are offering between 6.5 and 7.5 percent on fixed deposits. However, market speculation suggests that interest rates may be revised downwards. Investors planning to park money in FDs may want to lock in rates sooner rather than later. (News18 Hindi)
These rule changes, though varied, have one thing in common: they directly touch the consumer’s wallet. Whether it’s investment decisions, household fuel expenses, or banking transactions, the impact will be felt across daily life. (News18 Hindi)
Experts suggest individuals keep an eye on new circulars from banks and oil companies, manage budgets carefully, and consult financial advisors before making major investment decisions. (News18 Hindi)
