Will the cylinder become expensive before the festivals? The final decision will be taken tomorrow

From September 1: LPG Cylinder Prices, Bank Rules and Silver Hallmarking to Change – What You Must Know

New Delhi, August 31, 2025 – As the festive season approaches, households across India may face some key financial changes. Starting September 1, 2025, several important rules will come into effect that will directly impact banking, household budgets, investments, and daily expenses. From possible changes in LPG cylinder rates to new rules for silver jewellery, here are the five major updates you should know before the new month begins.

1. Silver Jewellery to Carry Hallmark from September 1

Until now, hallmarking was mandatory only for gold ornaments, but from tomorrow, silver jewellery and utensils will also fall under this rule. With hallmarking, buyers will get an official guarantee of purity, making it easier to identify adulterated or fake silver. Jewellers, however, believe that this move could bring short-term price fluctuations in the silver market.

The Bureau of Indian Standards (BIS) has already introduced six purity standards for silver, and every hallmarked piece will come with a unique HUID number. This ensures transparency and builds trust among buyers, especially during the festive buying season.

2. SBI Credit Card Users to Face New Charges

From September 1, State Bank of India (SBI) will implement new rules for its credit card holders.

• If an auto-debit payment fails, a 2% penalty will apply.

• International transactions and petrol pump swipes will attract higher charges.

• The value of reward points on online shopping is also expected to be reduced.

This means SBI customers may feel an increased financial burden unless they carefully manage their transactions and repayments.

3. New LPG Cylinder Rates to Be Announced

One of the most awaited updates concerns LPG cylinder prices, which are revised on the first day of every month. On September 1, oil marketing companies will release the new rates.

• If prices go up, the impact will be felt immediately in household budgets, especially as families prepare for upcoming festivals.

• If rates drop, consumers will enjoy some relief at a time when other expenses are already rising.

Given that LPG cylinders are a key component of every Indian kitchen, this update will directly affect millions of households.

4. Higher Charges on ATM Withdrawals

Several banks will also change their ATM withdrawal policies from September 1. Customers will now have to pay extra fees if they exceed the set number of free transactions.

This means ATM withdrawals will need better planning, as multiple transactions beyond the allowed limit could significantly increase costs. It is advisable for customers to rely more on digital payments and minimize unnecessary cash withdrawals.

5. Fixed Deposit Interest Rates Under Review

Many banks are expected to revise interest rates on fixed deposits (FDs) in September. Currently, most banks offer between 6.5% and 7.5% interest, but experts suggest that rates could be reduced starting tomorrow.

For investors considering fresh deposits, it may be wise to lock in at the current higher rates today rather than wait. A decline in FD returns could impact senior citizens and those who depend on interest income for their regular expenses.

Final Word

From hallmarking in silver jewellery to changes in LPG cylinder prices and banking rules, September 1 marks the beginning of significant financial shifts. While some of these changes, like hallmarking, will bring long-term benefits in terms of trust and transparency, others such as higher ATM and credit card charges could increase monthly expenses.

With the festive season around the corner, being aware of these changes will help individuals and families manage their budgets wisely and avoid unexpected costs.