Rule Change Today is 1 October: Many financial rules change on the first of every month. The same will happen in October. From 1 October, the rules of PPF and Sukanya Yojana have changed along with the price of LPG cylinder. Let us know which rules have changed and what effect will they have on your pocket.
With the beginning of the month of October, many financial rules have changed. These rules will have a direct impact on the pockets of the common people. Let us know which financial rules have changed from the first date of the month of October and how they will affect you.
Gas Cylinder
The price of LPG cylinder changes on the first of every month. Oil companies update the prices of domestic cylinders and commercial cylinders. In September, oil companies had increased the prices of commercial cylinders.
On the first of October, the price of 19KG commercial cylinder was also increased. After the new change, the price of cylinder in Delhi has increased from Rs 1691.50 to Rs 1740 per cylinder. In Mumbai, it has been increased from Rs 1644 to Rs 1692.50, in Kolkata from Rs 1802.50 to Rs 1850.50. At the same time, the price of cylinder in Chennai has been increased to Rs 1903, which was Rs 1855 till now.
Share Buyback
Market regulator SEBI has changed the credit rules of the stock market. This change will come into effect from October 1, 2024. According to the new rules, now the shares will be credited in the Demat Account in 2 days. At the same time, investors will get bonus shares within two days of the record date.
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Sukanya Samriddhi Scheme
If you have a Sukanya Account in your daughter’s name, then let us tell you that its rules have changed from October 1, 2024. If grandparents or any other person has opened a Sukanya account, then the account will have to be transferred to the name of the parents or guardian. If the Sukanya account is not transferred, the account will be frozen.
Changes in PPF rules
The central government has changed the rules of Public Provident Fund ( PPF ). According to the new rules, action will be taken against those who have more than one PF account. At the same time, account holders below 18 years of age will not get interest on Post Office Savings Account. Interest will be credited only after they turn 18 years of age.
Change in rules related to Aadhaar
Now the provision allowing to mention enrollment ID instead of PAN and Aadhaar number has been discontinued. The aim of this decision is to eliminate misuse and duplication of PAN and Aadhaar. From October 1, 2024, no person will be able to mention his Aadhaar enrollment ID in the application form for PAN allotment and in his income tax return.
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