The month of September is about to end and October (October 2024) is starting. Only three days are left and after that from October 1, many big changes will be seen in the country (Rule Change From 1st October), which can prove to be directly affecting your kitchen to your pocket. These include changes in the rules of LPG cylinder to credit card and Sukanya Samriddhi and PPF account (PPF Rule Change). Let us know about 5 such big changes…
First change: LPG prices
Oil marketing companies change the prices of LPG cylinders on the first of every month and revised prices can be released from 6 am on October 1, 2024. While there have been many changes in the prices of 19 kg commercial gas cylinders in the recent past, there has been no change in the price of 14 kg domestic gas cylinders.
If you look at the IOCL website, the prices of commercial gas cylinders from Delhi to Mumbai had increased on September 1. After this, from September 1, 2024, the 19 kg LPG cylinder in the capital Delhi (Delhi LPG Cylinder Price) increased from Rs 1652.50 to Rs 1691.50. Here there was an increase of Rs 39 per cylinder. In Kolkata, it increased from Rs 1764.50 to Rs 1802.50, in Mumbai from Rs 1605 to Rs 1644 and in Chennai from Rs 1817 to Rs 1855. In such a situation, this time a reduction in the price of domestic gas cylinders is expected before Diwali.
Second change – ATF and CNG-PNG rates
Along with the change in the prices of LPG cylinders on the first date of the month across the country, oil marketing companies also revise the prices of aviation fuel i.e. Air Turbine Fuel (ATF) and CNG-PNG. Their new prices can also come out on October 1, 2024. It is worth noting that earlier in the month of September, the prices of ATF were reduced. In the capital Delhi, its price has come down from Rs 97,975.72 per kilolitre in August to Rs 93,480.22 per kilolitre, in Kolkata it has come down from Rs 1,00,520.88 per kilolitre to Rs 96,298.44, in Mumbai from Rs 91,650.34 per kilolitre to Rs 87,432.78 and in Chennai from Rs 1,01,632.08 per kilolitre to Rs 97,064.32 per kilolitre.
Third change – HDFC Bank Credit Card
The third change is related to HDFC Bank. If you are also a customer of HDFC Bank, then let us tell you that the loyalty program for some credit cards (HDFC Credit Cards) has been changed. The new rules will come into effect from October 1, 2024 and according to this, HDFC Bank has limited the redemption of reward points for Apple products on the SmartBuy platform to one product per calendar quarter.
Fourth Change – Sukanya Samriddhi Yojana Rule Change
A major rule change has been made related to the Sukanya Samriddhi Yojana (Sukanya Samriddhi Account) scheme run by the Central Government especially for daughters and this change is also going to be implemented from 1 October 2024. Under this, from the first date, only the legal guardians of the daughters can operate these accounts. According to the new rule, if a daughter’s SSY Account has been opened by a person who is not her legal guardian, then she will now have to transfer this account to the natural parents or legal guardian. In case of not doing so, that account can be closed.
Fifth change – three rules related to PPF account
Three major changes are going to happen in the Public Provident Fund (PPF) scheme operated under the Small Savings Scheme of the Post Office. This change will come into effect from October 1, 2024 i.e. next month. On August 21, 2024, the Department of Economic Affairs under the Union Finance Ministry had issued a guideline regarding the new rules, under which three new rules of PPF will be implemented. Under this, action will be taken against those holding more than one account.
Apart from this, Post Office Savings Account (POSA) interest will be paid on such irregular accounts till the person (minor) becomes eligible to open the account. That is, the person does not turn 18 years of age, after that the PPF interest rate will be paid. The maturity period will be calculated from the date on which the minor becomes an adult. That is, the date from which the person becomes eligible to open an account.
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