Major financial changes which will take place from September 1

Starting September 1, a number of new financial regulations will come into effect.

The Rs 2000 note would no longer be in circulation, the Reserve Bank of India (RBI) declared in May. The central bank set a 23 May 2023 to 30 September 2023 deadline for exchanging or depositing 2000 note denominations. In this case, you should swap the 2000 rupee note as quickly as possible if you haven’t already.

The Unique Identification Authority of India (UIDAI) will stop providing free Aadhaar card update after September 14, 2023. This means that people who want to update their Aadhaar card after this date will have to pay a fee of Rs. 50.

If you too have not completed the Demat account nomination process then do it before 30th September 2023. Because accounts without nomination will be closed by SEBI thereafter. Investors may be affected.

Axis Bank, a leading private sector bank in India, will start charging an annual fee of Rs 12,500 for its Magnus Credit Card from September 1, 2023. This is a change from the current policy, which waives the annual fee for the card if the customer spends Rs 25 lakh in the preceding card anniversary year.

If you want to invest in SBI's Wecare scheme, you can do so only till September 30. This special scheme will end on 30th September 2023. Only senior citizens can avail this scheme of SBI. Under this scheme, senior citizens are eligible.

The Unique Identification Authority of India (UIDAI) will stop providing free Aadhaar card update after September 14, 2023. This means that people who want to update their Aadhaar card after this date will have to pay a fee of Rs. 50.

IDBI has launched a special FD scheme. The name of this FD of IDBI is Amrit Mahotsav FD Scheme. In this FD scheme of 375 days, the general citizen gets 7.10 percent interest and the senior citizen gets 7.60 percent interest. Whereas, under FD of 444 days, the common citizen is getting interest at the rate of 7.15 percent and the senior citizen is getting 7.65 percent.

On the last day of every month, petroleum companies review the petrol-diesel rates. People are likely to get relief from the festivals coming in the month of September. If this happens, after a long period of time we may see a change in the price of petrol diesel. Reducing fuel prices.

The government has reduced the price of LPG gas cylinders. Now the government can also give relief to CNG, PNG consumers in the month of September. For the last few days, various measures have been taken by the government to reduce inflation. It will be revealed on the midnight of 31st August.