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The month of September is about to end and October (October 2024) is about to begin. 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 directly impact everything from your kitchen to your pocket. These include everything from LPG cylinder to credit card and Sukanya Samriddhi and changes in the rules of PPF account. Let us know about 5 such big changes…
First change: LPG prices
Oil marketing 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 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 prices of 14 kg domestic gas cylinders.
If we look at the website of IOCL, there was an increase in the prices of commercial gas cylinders from Delhi to Mumbai on September 1. After this, from September 1, 2024, the 19 kg LPG cylinder price in the capital Delhi 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 it increased from Rs 1605 to Rs 1644 and in Chennai it increased from Rs 1817 to Rs 1855. In such a situation, this time before Diwali the price of domestic gas cylinder is expected to reduce.
Second change- ATF and CNG-PNG rates
Along with the change in the prices of LPG cylinders on the first day 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 may also be revealed on October 1, 2024. It is noteworthy that earlier in the month of September, ATF prices were reduced. Its price in the capital Delhi decreased from Rs 97,975.72 per kiloliter to Rs 93,480.22 per liter in Kolkata, from Rs 91,650.34 per kiloliter to Rs 96,298.44 in Mumbai and to Rs 1,01,632.08 in Chennai. kiloliter It has reduced 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 changes have been made in the loyalty program for some credit cards (HDFC Credit Card). The new rules will be effective from October 1, 2024 and accordingly HDFC Bank has limited the redemption of reward points for Apple products on the SmartBuy platform to one product per calendar quarter.
Fourth change- Change in Sukanya Samriddhi Yojana rules
A major change has been made in the rules related to Sukanya Samriddhi Account (Sukanya Samriddhi Account) run by the Central Government especially for daughters and this change is also going to be implemented from October 1, 2024. Under this, only the legal guardians of the daughters will be able to operate these accounts from the first date. According to the new rule, if a daughter's SSY account has been opened by a person who is not her legal guardian, then now she will have to transfer this account to her natural parents or legal guardian. In case of not doing so, that account can also be closed.
Fifth change- Three rules related to PPF account
There are going to be three major changes in the Public Provident Fund (PPF) scheme operated under the Small Savings Scheme of the Post Office. This change will come into effect from 1 October 2024 i.e. next month. The Department of Economic Affairs under the Union Finance Ministry had issued guidelines regarding new rules on 21 August 2024, under which three new rules of PPF will be implemented. Under this, action will be taken against those having more than one account.
Apart from this, Post Office Savings Account (POSA) interest will be paid on such irregular accounts until the person (minor) becomes eligible to open the account. That means the PPF interest rate will be paid until the person turns 18 years of age. The maturity period will be calculated from the date on which the minor attains majority. That is, the date from which the person becomes eligible to open an account.