From SBI Card Rules to LPG Price Change: 5 Key Money Updates Effective September 1

The month of September begins with several important regulatory and financial changes that will directly impact households, investors, and taxpayers. From revisions in SBI credit card rules to updates on LPG cylinder prices and extended ITR filing deadlines, here are the five major updates effective from today:

1. SBI Credit Card Rules Revised

State Bank of India (SBI) Card has introduced new terms for its credit card customers:

• A 2% penalty will apply on failed auto-debit transactions.

• Additional charges will be levied on international transactions, fuel purchases, and select online spends.

• Reward points are set to undergo value adjustments, potentially reducing their benefit.

Cardholders are advised to review their billing details and transaction practices to avoid extra charges.

2. LPG Price Revision

Public sector oil marketing companies have revised domestic LPG prices as part of their monthly pricing cycle.

• The price movement depends on global crude oil trends.

• Any upward revision could increase household expenses, while a cut may provide relief to consumers.

3. Extended Deadline for Income Tax Return Filing

The government has extended the last date for filing income tax returns (ITR) for the assessment year 2025–26 for individuals and entities not requiring an audit.

• The new deadline is September 15, 2025, providing additional time beyond the original July 31 deadline.

Taxpayers are urged to utilize the extension to avoid late fees and penalties.

4. Special Fixed Deposit Schemes Close Soon

Banks, including Indian Bank and IDBI Bank, are offering limited-period fixed deposit schemes with higher-than-usual interest rates.

• Popular tenures include 444 days, 555 days, and 700 days.

• These offers are valid only until the end of September, making this an opportune time for savers seeking better returns.

5. Jan Dhan Account Re-KYC Deadline

Holders of Pradhan Mantri Jan Dhan Yojana accounts must complete their re-KYC (Know Your Customer) formalities by September 30, 2025.

• Non-compliance may lead to account restrictions and suspension of government benefit credits.

• To facilitate compliance, banks are conducting special re-KYC camps and offering doorstep and online verification services.