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Thursday, October 5, 2023

Commercial cylinder price cut among 7 key rule changes to affect common man in September

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In September, government-sanctioned price reductions for 19 kilogram commercial cylinders will take effect, reducing prices in Delhi, Kolkata, and Mumbai. This is just one of the 7 key rule changes that will affect the common man in September…

There are several changes that will take effect in September and significantly affect the average person. Gas costs and credit card policies are included in this.

Here are the 7 important rule changes that will affect the common man in September:

1) Cheaper commercial cylinder

Government-sanctioned price reductions for 19 kilogram commercial cylinders will take effect starting today (August 1). In Delhi, the cost of a commercial cylinder has dropped from Rs. 1680 to Rs. 1522.50, a reduction of Rs. 157. Instead of costing Rs. 1802.50 in Kolkata, it would be available for Rs. 1636. Similar to this, its price in Mumbai has decreased from Rs. 1640.50 to Rs. 1482.

2) Stock listing in three days

In just three days from now, the IPO will be listed. The three days following the conclusion of the IPO are now the new timeframe set by capital market regulator SEBI for the company’s stock to be listed on the stock exchange. It lasted for six days so far. For any IPOs coming after September 1, 2023, this regulation will be optional, per SEBI directions. At the same time, this regulation will become obligatory on December 1, 2023.

3) Deadline for free update of Aadhaar card

Aadhaar updates are free till September 14. In reality, the Unique Identification Authority of India (UIDAI) began offering the free Aadhaar document and information upload service on June 14 and it will last till September 14 of 2023. Fees will be assessed following September 14.

4) Linking PAN and Aadhaar with Small Savings Schemes

Prior to September 30, 2023, it is required by the Finance Ministry to link the accounts of current users of modest savings plans with Aadhaar and PAN. When applying for a modest savings program, PAN-Aadhaar must be presented at the post office or bank by September 30. The account will be connected as a result. The account may be frozen on October 1, 2023, if this is not done.

5) Complete the demat account nomination

Investors who invest in the stock market must now submit a nomination, according to the capital market regulator. The deadline to join in or withdraw from SEBI’s nomination program for owners of trading and demat accounts is September 30, 2023. Demat account holders should thus finish the nomination procedure prior to this.

6) Deadline for 2000 Rupee note exchange

Up till September 30, 2023, Rs 2000 notes can be exchanged, according to the RBI. Four months had been allotted by the RBI for the deposit or exchange of 2000-rupee notes.

7) SBI’s WeCare FD Program

SBI’s We Care Special FD program for older adults has a 30 September 2023 deadline for investments. Interest rates for SBI WeCare are 7.50%.

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