8 Big Changes From September 1 That Will Hit Your Wallet – ITR, LPG, SBI Cards & More

New Delhi(The Uttam Hindu): Starting September 1, 2025, several key changes in government and financial regulations will come into effect, directly influencing your money, taxes, identity documents, and even daily expenses. These updates touch on Income Tax Return deadlines, Aadhaar card updates, SBI credit card rewards, pension scheme transitions, LPG prices, and more.

Failing to act on some of these could lead to financial penalties or missed opportunities, so here's a quick rundown of 8 major rule changes you should know before September begins.

1. Last Call to File Your ITR

Taxpayers who haven’t yet filed their Income Tax Return (ITR) for the financial year have until September 30, 2025, to file under the late filing provision. Missing this deadline will invite hefty penalties and interest charges.

2. Free Aadhaar Updates Ending Soon

The UIDAI’s free Aadhaar update service (for address, name, or birthdate changes) will end on September 14, 2025. After this, any update to your Aadhaar will attract a service charge.

3. Deadline for Government Employees to Switch to Old Pension Scheme

August 31, 2025, marks the final date for eligible government employees to opt out of the New Pension Scheme (NPS) and switch to the Old Pension Scheme (OPS). No changes will be allowed after this cutoff.

4. SBI Credit Card Reward Program Overhaul

From September 1, SBI will stop offering reward points for specific transactions made via credit cards, including:

Payments on government websites

Digital gaming platforms

Select merchant categories

Customers relying on points for savings or perks must review their spending strategy accordingly.

5. Special FD Schemes Closing Soon

Banks like Indian Bank and IDBI Bank will end their limited-time Fixed Deposit (FD) schemes by September 30, 2025. These FDs offer higher-than-average interest rates, so investors should act fast if they wish to lock in better returns.

6. New Hallmarking Rule for Silver Jewelry

Starting September 1, silver jewelry hallmarking will become optional. Buyers will have the choice to purchase hallmarked or non-hallmarked silver. While not yet mandatory, this change may influence future pricing and authenticity checks.

7. India Post Merges Registered Post with Speed Post

In a major revamp, India Post will merge its Registered Post service with Speed Post, beginning September 1. All mail previously sent via Registered Post will now be handled through Speed Post, promising faster and more reliable deliveries.

8. LPG Cylinder Price Revision

On the first of every month, LPG cylinder prices are revised by oil companies. September 1 could bring new rates for both domestic and commercial cylinders, impacting household and small business budgets alike.