New Delhi, August 28: As September approaches, several crucial financial deadlines and regulatory changes are set to take effect, potentially impacting consumers across India. Staying informed about these updates including the Aadhaar free update and credit card changes can help you plan your budget effectively and avoid unexpected financial surprises. Here's what you need to know:

Aadhaar Free Update Deadline

The Unique Identification Authority of India (UIDAI) has extended the deadline for free Aadhaar updates until September 14, 2024. Individuals are encouraged to update their Aadhaar details to maintain the accuracy of their demographic information. The update requires uploading proof of identity and address documents. Unified Payments Interface: UPI Adding up to 60 Lakh New Users Every Month, Boosted by RuPay Credit Card and Global Expansion.

RuPay Card Reward Points Protection

Effective from September 1, 2024, the National Payments Corporation of India (NPCI) has mandated that banks issuing RuPay credit cards must not deduct transaction fees from reward points or other benefits associated with UPI transactions. This directive ensures that cardholders receive their full rewards without any hidden deductions. Credit Card Spendings via UPI Platform Touch INR 10,000 Crore a Month.

Credit Card Network Rule Changes

Starting September 6, 2024, the Reserve Bank of India (RBI) will enforce a new rule prohibiting banks and card issuers from entering into exclusive agreements with specific card networks. This change aims to promote consumer choice and prevent restrictive practices within the credit card industry.

Tax Deadlines

Key tax deadlines in September include the deposit of Tax Deducted at Source (TDS) for August 2024, due by September 7, 2024, and the issuance of TDS Certificates under section 194-IA for July 2024, due by September 14, 2024.

LPG Cylinder Price Adjustments

Consumers should prepare for potential changes in LPG cylinder prices this September. While domestic LPG prices may fluctuate, businesses that rely on commercial LPG should stay informed, as price adjustments could impact operating costs.

Revisions in ATF and CNG-PNG Rates

From September 1, 2024, expect revisions in aviation turbine fuel (ATF) and CNG-PNG prices. These changes could affect transportation costs, particularly air travel, and have broader implications for logistics and household expenses.

TRAI's Crackdown on Fraudulent Calls

The Telecom Regulatory Authority of India (TRAI) is rolling out new measures to combat fraudulent calls and spam messages. Starting September 1, 2024, telemarketing services will begin transitioning to a blockchain-based system, with full implementation by September 30, 2024. This initiative aims to enhance consumer protection against telecom fraud.

(The above story first appeared on LatestLY on Aug 28, 2024 08:45 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).