With the month of October right round the corner, many changes in pension rules, auto debit policy, LPG prices among other things are expected to return into effect on the primary day of the month. As we step into subsequent month, it’s crucial to remember of of these changes that surely will affect us in our day-to-day life.

As per the new rules which will inherit effect starting October 1, citizens within the 80+ age group will need to submit the digital life certificate or proof of life certificate to their Jeevan Pramaan Center at any Head Post Offices in India if they want to still receive Pension.

Further, consistent with details provided by the Department of Pension and Pensioners’ Welfare, the deadline of November 30, 2021, has been given to submit the aforesaid certificate.

2) Cheque book rule changes in 3 banks
The old cheque books and MICR codes of the three banks – Oriental Bank of Commerce (OBC), United Bank of India and Allahabad Bank – will become invalid from October 1.

As informed by these banks in their respective tweets, the lenders said old cheque books and pre-existing MICR codes and IFSC codes will become invalid if they need not been updated by that point . just in case you happen to be a customer at one among these banks, get things renewed at the closest branch before the stipulated date.

3) Auto debit facility: Additional factor authentication
The Federal Reserve Bank of India (RBI) has mandated that each one banks will need to perform ‘Additional Factor Authentication’ (AFA) from next month. What this suggests is that monthly bills also as auto-paid bills will now need to be verified by the customer and approved before the transaction takes place.

A notification for an equivalent are going to be sent to the purchasers via SMS or E-mail. Once verified, the payment are going to be deducted from your account.

4) Investment rule changes
As per a replacement rule brought in by the Securities and Exchange Board of India (SEBI), junior employees working in Asset Under Management (AMC) i.e. open-end fund House will need to invest 10 per cent of their gross salary in units of that open-end fund from October 1, 2021. Since changes will happen phase-wise, the aforementioned employees will need to invest 20 per cent of their salary from October 2023.

5) LPG prices
LPG prices are revised monthly . Customers can expect another hike in their cooking gas cylinders from October 1. While this is often not certain, we’d like to attend before the new prices of domestic LPG and commercial cylinders are out.

Prices of LPG cylinders altogether categories, including subsidised LPG, were increased by ₹25 per cylinder September 1. This was the third hike in rates within two months.

6) Liquor shops
Living in Delhi? As per new excise policy, private-run liquor vends in Delhi will pack up from October 1 till November 16, 2021. Although government-run stores will remain operational.

Under the new excise policy, around 260 privately-run liquor vends within the city will close from Friday. Of the entire around 850 liquor shops in Delhi, only those operated by Delhi government agencies will continue retail sale till November 16.

New players who have gotten licences through open bidding will enter the market and operate the 850 vends from November 17.