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September brings a financial update! New rules on SBI cards, silver, LPG, ATM usage, and FD rates are set to impact Indian households. Here's a quick guide to help you navigate these changes.
SBI Card Updates
SBI cardholders, take note! From September 1st, there will be a 2% penalty on auto-debit failures, plus possible extra charges on international transactions, fuel purchases, and online shopping. Reward points might also be reduced. Track your spending carefully to avoid any surprises.
Silver Hallmarking Rules
Similar to gold, mandatory hallmarking is coming to silver. This aims to boost transparency and set consistent purity standards. However, this move could influence silver prices. Buyers should be mindful of these new regulations. This could affect investment decisions.
LPG Price Fluctuations
As is usual, expect changes in LPG prices from September 1st. These changes follow global trends. An increase would impact your kitchen budget, while a reduction would bring some much-needed relief. Keep an eye out for the new rates!
ATM Usage Charges
Watch out for potential ATM charges! Some banks might implement new charges if you exceed your monthly withdrawal limit. To save on unnecessary fees, try minimizing ATM withdrawals. Digital payments are a great alternative to consider.
FD Rate Outlook
Banks are reviewing deposit rates in September. Currently, fixed deposits offer between 6.5% and 7.5%. Consider locking in rates soon, as market whispers suggest a possible rate reduction. Consult with financial advisors for investment advice.
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