Many important changes are going to happen from September 1, which can directly affect your pocket. Whether it is a matter of linking PF account with Aadhaar or the new rule of GST.
At the same time, SBI and Axis Bank have also made preparations for some changes from 1st September. So that means there are many such things which it is important for you to know. So let us tell you what is going to change from 1st September.
1. Link Aadhaar with PF Account
According to the new rules, now you are required to link your Aadhaar number with your PF account. If you do not do this, then it may be difficult to withdraw money from the PF account. According to the information given by the Employees’ Provident Fund Organization, now it is necessary to link UAN i.e. Universal Account Number and Aadhaar number. If this does not happen then PF money will not be able to come in the account. Also, advance cannot be withdrawn. According to the reports, the employer will not be able to put money in the account of the employees.
2. Bumper to bumper insurance required
Till now you must have heard words like third party and consumable in auto insurance. Now from September 1, bumper to bumper insurance will also be added to the dictionary, because now any new vehicle sold in the country from September 1, will have bumper to bumper insurance. Madras High Court has issued an order for this. This insurance will be for 5 years. This insurance will also cover those parts of the vehicle which are generally not covered by the insurance companies. This order is being considered as a big decision in the field of vehicle insurance.
3. PNB and SBI customers know this news
If you have an account with SBI, then linking Aadhaar with PAN is very important for you. Without this you will not be able to do any high value transaction. If you do a transaction of 50 thousand or more with your SBI account, then get this work done immediately. However, its last date has now been extended till 30 September.
At the same time, from September 1, PNB ie Punjab National Bank is going to cut the interest rates of the savings account. From now on, 2.90 percent interest will be available in the savings account of PNB. Earlier it was 3 percent. This decision will be applicable to both new and old customers. 2.70 percent interest is available on the savings account in SBI.
4. Positive Pay System
RBI i.e. Reserve Bank of India has asked all banks to implement positive pay system. This means that if you are giving a check of 50 thousand or more to someone, then you will have to give this information to your bank in advance. You can give this information through net banking, mobile banking, phone banking or by visiting the bank branch. Axis Bank has decided to implement this rule from September 1.
5. If you fill GST then also know this
Businessmen who have not filed GSTR-3B returns in the last two months will not be able to file returns in GSTR-1 from September 1. GSTR-1 for a month is filed by the 11th day of the following month and GSTR-3B is filed between 20th and 24th day of the following month. According to reports, GSTN has issued an advisory, which states that Rule-59(6) under the Central GST Rules, will come into force from 1st September 2021. This rule provides for a ban in filing GSTR-1.
