New Delhi, August 31 (H.S.): Starting Monday, September 1, several important regulatory changes will come into effect that could impact the day-to-day finances of ordinary citizens. Key changes include updates to credit card user charges, ATM cash withdrawal rules, fixed deposit interest rates, and pricing adjustments in essential commodities.

The State Bank of India (SBI) will introduce new charges for its credit card users from tomorrow. A 2% penalty will be levied on failed auto-debit transactions. Additionally, higher fees will apply on international transactions and payments made at petrol pumps. Reward points earned on online shopping will also see a reduction in value, making card usage costlier.

New ATM withdrawal rules will be implemented across multiple banks, with customers incurring extra charges if they exceed prescribed withdrawal limits. This change necessitates more careful use of ATMs by consumers to avoid additional financial burdens.

September is also expected to bring a revision in fixed deposit interest rates by several banks. Currently ranging from 6.50% to 7.50%, many banks are projected to cut these rates, potentially affecting the returns for depositors.

The oil marketing companies will announce new LPG cylinder prices tomorrow, which are revised at the start of every month. Any increase in cooking gas prices could strain household budgets, while a decrease would offer relief to consumers.

From tomorrow, hallmarking rules for silver jewelry and utensils will be enforced, guaranteeing their purity and providing protection to customers from counterfeit or adulterated silver. However, this hallmarking will initially be voluntary, allowing buyers the choice to select hallmarked or non-hallmarked silver items.

These regulatory changes collectively mark a significant shift that consumers need to be aware of as they could directly influence everyday expenses and savings.

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Hindusthan Samachar / Jun Sarkar