Big Changes Coming in October 2024: What You Need to Know

The month of September is coming to an end, and with the arrival of October 1, 2024, significant changes are on the horizon that will impact your finances. From adjustments in LPG cylinder prices to modifications in rules for credit cards, Sukanya Samriddhi, and PPF accounts, it’s crucial to stay informed about these upcoming changes.

LPG Prices:
Oil marketing companies are set to revise LPG cylinder prices on October 1, 2024. While the prices of 19 kg commercial gas cylinders have fluctuated recently, there is no anticipated change in the prices of 14 kg domestic gas cylinders. Stay tuned to see how these adjustments will affect consumers.

ATF, CNG, PNG Prices:
In addition to LPG cylinder price revisions, oil marketing companies will also adjust prices for Air Turbine Fuel (ATF), CNG, and PNG on the first of October. Notably, ATF prices saw a decrease in September, and the new rates are expected to be announced soon.

HDFC Credit Card Changes:
HDFC Bank customers should take note of the updated loyalty program for certain credit cards effective October 1, 2024. Changes include limitations on the redemption of Reward Points for Apple products on the SmartBuy platform. Stay informed to make the most of your credit card rewards.

Sukanya Samriddhi Yojana Rule Update:
A significant revision in the Sukanya Samriddhi Yojana scheme, specifically concerning daughters, will be implemented from October 1, 2024. Only legal guardians will be permitted to manage these accounts, and non-guardians must transfer ownership to avoid potential account closure.

PPF Scheme Modifications:
Three key changes are set to take effect in the Public Provident Fund (PPF) scheme managed by the Post Office starting October 1, 2024. These adjustments, outlined by the Department of Economic Affairs, include new guidelines on interest payments and maturity calculations, emphasizing the importance of understanding these alterations for account holders.

Stay informed about these upcoming changes to navigate the financial landscape effectively and ensure you are prepared for the adjustments ahead.