From ATM Charges to FD Rates: 5 Big Rule Changes from September 1 That Will Impact Your Finances

Starting September 1, 2025, several important financial and consumer-related rules will come into effect. From SBI credit card fees and ATM transaction limits to FD interest rates, LPG cylinder prices, and mandatory hallmarking of silver, these changes are expected to directly affect the monthly budget of millions of households. Financial experts advise consumers to stay alert and adjust their planning in advance.

1. New Rules for SBI Credit Cardholders

If you use an SBI credit card, brace yourself for stricter norms. From September 1, a 2% penalty will be charged on auto-debit failures, making timely bill payments more critical than ever. Additionally, international transactions will attract extra fees, while fuel purchases and even online shopping may see higher charges. To add to this, the value of reward points is likely to decline, reducing overall benefits for cardholders. Experts suggest monitoring expenses closely to avoid unnecessary penalties.

2. LPG Cylinder Prices to Be Revised

Just like every month, LPG prices will be updated on September 1. The new rates will depend on global crude oil prices and company calculations. A hike would mean an increase in household expenses, while a cut could provide much-needed relief to families already battling rising costs. Since cooking gas is a core part of every household’s monthly budget, this change is one of the most anticipated updates.

3. FD Interest Rates May Be Reviewed

Banks usually revise Fixed Deposit (FD) rates at the beginning of a month, and September could bring notable changes. Currently, most banks are offering 6.5% to 7.5% interest. However, market signals indicate a possible rate cut in the coming weeks. For investors, especially senior citizens who depend heavily on interest income, locking in FDs at current higher rates may be a wise move.

4. Higher ATM Withdrawal Charges

Several banks are tightening their rules on ATM transactions. From September, customers withdrawing cash beyond the monthly free limit will have to pay higher charges. This move is seen as part of banks’ efforts to encourage digital transactions. Consumers are advised to avoid unnecessary cash withdrawals to minimize extra fees and instead rely on online banking and UPI payments wherever possible.

5. Silver Hallmarking to Become Mandatory

After gold, the government is now making hallmarking mandatory for silver as well. From September 1, only hallmarked silver jewellery and items will be allowed for sale. This step aims to bring transparency and standardization in the silver market, ensuring purity for buyers. However, experts note that it could also impact silver prices, potentially raising the cost of jewellery and investment products.

Direct Impact on Your Pocket

Though these changes may seem separate, together they will significantly influence consumer finances. Whether it’s increased household expenses, changes in investment returns, or new banking charges, families will need to adjust their budgets accordingly.

Budget Pressure or Relief?

While higher ATM charges and card fees may stretch household budgets, a possible drop in LPG prices or FD interest rates could provide relief. The overall impact will vary depending on how each of these changes unfolds. For most households, September is likely to be a mixed month financially.

Expert Advice

Financial advisors recommend that consumers stay updated with bank and oil company circulars and revisit their financial plans. Monitoring expenses, avoiding unnecessary withdrawals, and locking in investments at favorable rates are considered smart moves. For large financial decisions, consulting a certified advisor before September could help avoid future losses.