Today is the first day of the new month. Beginning on September 1st, 2023, a lot of rules will change that will directly impact your pocket. Everything from salaries and credit card policies to petrol cylinder (LPG Price) prices will change. Therefore, you should be aware of the new guidelines before the first date.
Employee salaries will rise
Employees’ lives will undergo a significant adjustment as of September 1. The rules governing the salaries of those in employment will change as of the first date. With these new regulations in place, take-home pay will rise. The employees who live in a residence provided by their employer and who have a salary deduction will benefit from this. The regulations governing rent-free housing will change starting today.
Axis Bank Credit Card
As of September 1, the renowned Magnus Credit Card from Axis Bank will undergo adjustments. Customers will receive fewer reward points than they did before these adjustments. Additionally, starting this month, buyers won’t be able to take advantage of exclusive discounts on some purchases. Customers will also be required to start paying annual fees in addition to this.
New LPG to CNG pricing will be made available.
Additionally, on the first of every month, oil firms update the cost of petrol cylinders for CNG and PNG. This time, it’s thought that CNG-PNG prices might be decreased.
Banks will be closed for 16 days
in addition to a full 16-day holiday this month, so make your plans only after reviewing the list. The RBI releases a list of bank holidays each month. You should schedule your visit to the bank branch in accordance with the fact that these holidays vary by state.
There will be fewer days for IPO listings.
Regarding IPO listing, SEBI has made a significant move. From September 1st, SEBI will shorten the number of days required for IPO listing. The amount of time required to list shares on the stock markets has been cut in half, to three days. It has been determined, according to SEBI, to shorten the period of time required for the listing of securities from six working days (T+6 days) to three working days (T+3 days) following the conclusion of the IPO. ‘T’ stands for the final date of issue closure in this case.
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