New Rules from 1 October 2024: There are going to be important changes in many rules in the country from 1 October 2024. Rules ranging from LPG prices to PPF accounts are included. Let us know what will change this time from October 1 and what will affect you.
There are only a few days left for the month of September to end. From the first of next month i.e. October 1, many things related to the common man are going to change. This includes rules ranging from LPG prices to PPF accounts. Actually, many changes take place on the first of every month. Government and non-government companies also change their rules. It is important for the common man to know about these rules. These changes have a direct impact on the pocket of the common man.
LPG Cylinder Prices
Usually, the government changes the price of LPG on the first of every month. Changes are seen in the prices of commercial gas cylinders as well as cooking gas. In such a situation, a change in the price of LPG cylinder is expected this time too. Last month, the price of commercial LPG gas cylinders had increased, while no change was made in the price of domestic LPG cylinders.
Along with the change in the prices of LPG cylinders on the first of every month, oil marketing companies also change the prices of Air Turbine Fuel (ATF) and CNG-PNG. In such a situation, changes can be seen this time as well .
3 new rules for PPF accounts
If NRI account holders do not update their PPF account as per the rules, they will not get any kind of interest. According to the new guidelines, POSA interest rate will be applicable on PPF accounts opened in the name of minors until the child turns 18 years old. Apart from this, if someone has more than one PPF account, then the interest rate of the scheme will be applicable only on the main account.
Impact on Sukanya Samriddhi Yojana (SSY)
New rules will also be applicable on Sukanya Samriddhi Yojana. Under the new rules, from October 1, only legal guardians of daughters can operate these accounts. Now those accounts which were opened by grandparents without the name of parents will have to be transferred to the name of legal guardians or natural parents.
