With the arrival of September 1, a number of new public benefits, as well as other modifications, are set to go into effect that might directly affect a huge population. From saving money to better transparency along with smoother services, here are five critical benefits alongside changes to look out for and who is likely to qualify.
Changes in Reward Programs for Credit Cards
There are going to be changes in the reward system for State Bank of India (SBI) credit card holders, effective September 1. Points will cease to be awarded for payments made on digital gaming, government payments, and certain SBI cardholder merchant transactions. Users who are used to these benefits will not be able to take advantage of them, and so they will need to adjust to these changes. This is likely to be a huge problem for millions of card holders in India.
Silver Jewelry Hallmarking
Silver buyers are going to be better safeguarded against cheating thanks to the introduction of thumbprint like hallmarking of Silver jewelry, starting September 1. This hallmarking system, which was optional in the past, will enable consumers to authenticate the genuine value of the silver used in the jewelry. In essence, this would reduce the chances of buyers getting duped with hallmarking providing affordable and effective certificate for fake silver.
Integration of Registered Post with Speed Post
Starting September 1, the postal department will integrate registered post and speed post services. This integration will help in streamlining the mailing process by converting all registered mails to speed post. Businesses and individuals who use these services will notice improved delivery times and an improved overall experience.
Current LPG Cylinder Price
As is customary, changes in LPG cylinder prices takes effect on the first of every month and September 1 is no different. Consumers should be ready for changes in the pricing of cooking gas depending on international market rates and policies formulated by the government.
New Entitlement for Ration Card Holders
From September 1, ration card holders will benefit from 8 additional benefits enabling improved financial support to the card holders. These benefits now include updated financial help, streamlined e KYC, discounted utilities, and expanded benefits for women and BPL eligible families. The objective of these changes is to alleviate economic stress on millions of low-income families.
Who Qualifies?
| Who Qualifies | Description |
|---|---|
| Holders of SBI Credit Cards | Users of specified SBI credit cards affected by recent reward system modifications |
| Customers Buying Silver Jewelry | Customers seeking a guarantee of authenticity for their silver jewelry |
| Postal Service Customers | Customers wishing to send a registered letter |
| Liquefied Petroleum Gas Customers | Customers awaiting price revisions for LPG |
| Holders of Ration Cards in India | All holders qualify automatically for new additional facilities |
With the approach of September 1, it is vital for the concerned individuals to make plans to accommodate these changes in order to maximize the new benefits available to them.