1 September Rules to Change: The month of September has started from today. Many rules related to us and your life have changed, which will affect our pocket as well. Let us know what are the rules that have changed from 1st September.
Stock market: 100% margin rules are being implemented from today
SEBI is implementing new rules for stock traders from today. Under this, the rules of 100% margin are being fully implemented from today. Now full margin has to be paid in cash and futures and options. Now full margin will have to be paid in intraday trading as well. Penalty will be levied for any reduction in margin at any point of time.
PF-Aadhaar link required
From today i.e. September 1, if your Universal Account Number is not linked with your Aadhar card , then your employer will not be able to credit your Provident Fund account. If you do not link Aadhar card with PF account, then from September 1, you will have to face many problems.
Punjab National Bank Savings Account
Punjab National Bank Savings Account interest rates are being cut from 1st September i.e. today. Old and new customers of Punjab National Bank will get 2.90% interest on savings account. Earlier it was 3%. That is, there will be a cut in earnings.
LPG Price
LPG prices have changed from today i.e. 1st September. In the month of July, the price of LPG cylinder was increased by Rs 25.50 and in August by Rs 25. There has been a shock of inflation at the beginning of the month. Domestic LPG cylinder has become costlier by Rs 25.
More money will have to be paid for OTT platform
From today on OTT platform Disey + Hotstar subscriber will have to pay more money. Now customers will have to pay Rs 499 instead of Rs 399.
GST R-1
Goods and Services Tax (GST) technology features to manage that for GST will come N issued to taxpayers Rule 59 (6) under the said central GST rules in consultation, implemented from September 202l. This rule provides for restriction in filing GST R-1.
As per the rules, if a registered dealer has not filed return in Form GSTR-3B during the last two months, then such registered person will not be allowed to file the details of supply of goods or services or both in Form GSTR-1. . Businesses who file quarterly returns, if they have not filed returns in Form GSTR-3B during the previous tax period, will also be barred from filing GSTR-1.
Axis Bank Check Clearance
The Reserve Bank of India had notified the new positive pay system for check clearance in the year 2020. It has come into effect from 1 January 2021. Many banks had already implemented this system. But Axis Bank is implementing it from 1st September 2021. The bank is informing its customers about this through SMS.
What is positive pay system
Positive Pay System is an automated tool that will check frauds through checks. Under this, the person who will issue the cheque will have to re-inform the date of the cheque, the name of the beneficiary, the payee and the payment amount electronically. The person issuing the check can give this information through electronic means like SMS, mobile app, internet banking or ATM. These details will then be cross-checked before check payment. If any discrepancy is found in this, payment will not be made by check and the concerned bank branch will be informed.
SBI Aadhaar PAN Link
State Bank of India has asked its customers to link their Aadhar card with their PAN card by September 30 . If you are an SBI customer and do not complete this process, then you may face difficulties in various financial transactions.
