From gas cylinder to credit card, these 5 changes from October 1; There may be an impact on the pocket.
-Many big changes will be seen from October 1
New Delhi. New Rules From 1st October: Only a few days are left for the month of September to end. Then from October 1 (October 2024), many big changes will be seen which can have a direct impact on your kitchen and your pocket. These include changes in the price of LPG cylinder, credit card and Sukanya Samriddhi as well as changes in PPF rules. Let us know about 5 such big changes.
LPG price:
Fuel companies change LPG cylinder prices on the 1st of every month and the revised prices can be released from 6 am on October 1, 2024. While many changes have been seen in the price of 19 kg commercial gas cylinder in the past, there has been no change in the price of 14 kg domestic gas cylinder.
CNG-PNG Rates-
Apart from changing the prices of LPG cylinders on the first day of the month across the country, fuel companies also change the prices of aviation fuel i.e. Air Turbine Fuel (ATF) and CNG-PNG. Their new prices can also be announced on October 1, 2024. Interestingly, the ATF rate was reduced earlier in September.
HDFC Credit Card-
The third change is related to HDFC Bank. If you are also a customer of HDFC Bank, then there has been a change in the loyalty program of some credit cards. The new rules will come into effect from 1 October 2024.
Sukanya Samriddhi Yojana –
A major rule change has been made by the Central Government in the Sukanya Samriddhi Yojana implemented especially for girls and this change will be effective from October 1, 2024. Under this, only the legal guardians of the girls will be able to operate these accounts from the first date. Under the new rules, if a girl's SSY account has been opened by a person who is not her legal guardian, she will now have to transfer the account to the natural parent or legal guardian. Failure to do so may result in account closure.
ppf account
There will be three major changes in the Public Provident Fund (PPF) scheme implemented under the Post Office Small Savings Scheme. This change will be effective from 1 October 2024 i.e. next month. On August 21, 2024, the Department of Economic Affairs under the Union Finance Ministry issued guidelines regarding new rules, under which three new rules of PPF will be implemented.
Action will be taken against those having more than one account. Also, post office savings account interest will be given on such irregular account until the person becomes eligible to open the account. This means that the PPF interest rate will be paid only after the individual reaches the age of 18 years.
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