5 Financial Changes Coming Into Effect From September. Read Details
NDTV
The changes are also connected to linking of Aadhaar and PAN card and exchange of Rs 2,000 notes.
The month of September is bringing many changes, especially in the financial sector. While some of these changes will come into effect on the first day, others later in the month. We have listed some of the big ones, which can have a huge impact on people's finance. These changes are also connected to Aadhaar update and linking of the identity document with the PAN card. Those holding Axis Bank's credit cards will also be impacted by the changes coming into effect from this month.
Users of Axis Bank's Magnus credit card will have to pay more from today. The bank has mentioned about the changes in terms and conditions. The biggest change is the revision in annual fee, which has been revised from Rs 10,000 (plus GST) to Rs 12,500 (plus GST). The benefits being given along with the card have also been revised.
The deadline to update details in the Aadhaar card for free will end this month. The Unique Identification Authority of India (UIDAI) had extended the last date from June 14 to September 14, 2023. The scheme was launched for those citizens who had got their Aadhaar issued 10 years ago and have not updated that.
