From September 1, 2025, several important changes in taxation, banking, hallmarking, and pension rules will come into effect. These updates will directly influence how you manage your money, shop for jewellery, and use your credit cards.


1. Extended ITR Filing Deadline – Final Chance to File

  • New Deadline: september 15, 2025 (Earlier: July 31, 2025).
  • Applies To: Individuals and entities yet to file their Income Tax Returns for FY 2024-25.
  • Impact: Avoid late filing penalties and interest charges by filing within the new extended window.


2. silver Hallmarking Begins – Buy With Confidence

  • Effective Date: september 1, 2025.
  • Key Detail: Bureau of indian Standards (BIS) to provide hallmarking for silver jewellery.
  • Consumer Choice: Buyers can purchase hallmarked or non-hallmarked silver, though hallmarking will initially be voluntary.
  • Impact: Ensures authenticity and purity of silver items, adding value and resale assurance.


3. sbi Credit Card Reward Policy Changes – Fewer Points on Select Transactions

  • Effective From: september 1, 2025.
  • Cards Affected: lifestyle Home Centre sbi Card, Select, and Prime variants.
  • Key Changes:
    • No reward points on digital gaming, government transactions, and certain merchants.
  • Impact: Cardholders will need to track spending categories to maximise reward benefits.


4. Automatic Update of Card Protection Plan (CPP)

  • Effective Date: september 16, 2025 (based on renewal dates).
  • New CPP Variants: Classic – ₹999, Premium – ₹1,499, Platinum – ₹1,999 annually.
  • Impact: Existing customers will be automatically shifted to updated variants, ensuring enhanced protection but possibly at a higher cost.


5. Unified Pension Scheme (UPS) Option Deadline Extended

  • New Deadline: september 30, 2025 (Earlier: june 30, 2025).
  • Who Benefits: Eligible central government employees wanting to shift from NPS to UPS.
  • Impact: Additional three months to evaluate retirement options for better long-term benefits.


Key Takeaway

September 2025 brings critical financial rule changes. Taxpayers, jewellery buyers, SBI credit card users, and government employees must act promptly to avoid missing deadlines or losing out on benefits.

 

 

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G GOWTHAM

31/08/2025 09:07 PM