Rules Change From October 1, 2024: From Aadhaar, PPF to Sukanya Samriddhi Yojana - these 6 rules are set to change from Tuesday | Check Full List
Rules Change From October 1: From LPG prices to Aadhaar regulations and Small Savings Schemes, here’s what you need to know about the upcoming changes to be effective from Tuesday, October 1.
Rules Change From October 1: As September comes to a close and October begins, several important changes will take effect that could directly affect your finances. From LPG prices to Aadhaar rules and small savings schemes, here's what you need to know about the upcoming changes taking effect from Tuesday, October 1.
Aadhaar and PAN Card Applications
Starting October 1, the use of an Aadhaar enrollment ID will no longer be permitted for applying for a PAN card or filing income tax returns. This change aims to combat the misuse and duplication of PAN cards.
Sukanya Samriddhi Yojana Rules
From October 1, the rules of the Sukanya Samriddhi Yojana scheme for daughters will also be updated. According to the new rules, if an account is opened by grandparents, it will be transferred to the guardian or biological parents. Additionally, if more than two accounts are opened, any extra accounts will be closed.
HDFC Credit Card Loyalty Program
HDFC Bank is changing its credit card loyalty program. Starting October 1, the redemption of reward points for Apple products on the SmartBuy platform will be limited to one product per calendar quarter.
Public Provident Fund (PPF) Changes
Changes will take effect for PPF accounts as well. For minors, the interest rate will align with the post office savings account rate until they turn 18, after which the standard PPF rate will apply. Maturity calculations will begin from the 18th birthday.
Furthermore, if a person has multiple PPF accounts, the interest rate will apply only to the primary account, while secondary accounts will be merged with it. Any excess funds will be refunded at 0 per cent interest. NRIs with PPF accounts opened before 1968 will receive post office savings account interest until September 30; thereafter, the interest rate will drop to 0 per cent.
LPG Prices
Oil marketing companies typically adjust LPG cylinder prices on the first of each month. As a result, you might notice a change in cylinder prices on the morning of October 1, 2024. The revised prices are usually released by 6 AM. While prices for 19 kg commercial gas cylinders have fluctuated recently, the rates for 14 kg domestic cylinders have remained stable for some time.
ATF and CNG-PNG Rates
Prices for Air Turbine Fuel (ATF) and CNG-PNG are also updated monthly by oil companies. Expect to see revised rates announced on Tuesday morning. Notably, ATF prices were reduced in September.