Alert: Monetary Policy Changes From 1st September

Monetary policy changes from 1st September. Kitchen budgets are determined on the first of every month. People who use Yamuna Expressway to travel to Delhi will have to pay more toll tax from September 1. The last date to settle the work related to PM Kisan Yojana is also 31st August, otherwise, the money for the next instalment may get stuck.

Several changes in India’s finance and budgets will be made from the 1st of September. Just after 2 days, the new month will bring along new monetary policies as well. Changes will be made in Banking, LPG Gas, Agriculture sector etc. Before 1st September it is necessary to wrap up all the related work as the new policies may affect it. So, if you have anything pending, do finish it before 1st September.

**PNB KYC Updates (Monetary policy changes from 1st September)**

Punjab National Bank has been asking its customers to update KYC (Know Your Customers) for a long time. The bank has clearly said that the last date for updating KYC is August 31. The bank informed the customers by tweeting that as per the guidelines of the Reserve Bank, all customers must update KYC. To complete this work, the bank has fixed 31 August 2022 as the last date.

According to the bank, if your KYC has not been updated by March 31, 2022, So get it completed by 31 August 2022. To update KYC, contact your parent branch. If you have not updated the KYC, then you will not be able to transfer money from your account.

LPG price change

Petroleum companies revise the prices of LPG on the first of every month. In such a situation, the prices of LPG may increase. If you want relief from the increased prices, then book your LPG cylinder today, you will not have to pay the new rates if you book today.

PM Kisan Yojna

The last date for e-KYC for farmers to get Pradhan Mantri Kisan Samman Nidhi is 31 August 2022. If farmers do not complete this work by August 31, then their next instalment may get stuck.

Increase in Toll Tax

Those who use Yamuna Expressway to travel to Delhi will have to pay more toll tax from 1st September. As per the new hike, the toll rate for cars, jeeps, vans and light motor vehicles has been increased from Rs 2.50 per km to 2.65 km. There has been an increase of 10 paise per kilometre.

Toll tax for light commercial vehicles, light goods vehicles or minibuses has been increased from Rs 3.90 per km to Rs 4.15 per km. The toll rate for buses or trucks has been increased from Rs 7.90 per km to Rs 8.45 per km. Earlier, the increase in toll tax of Yamuna Expressway was done in 2021.

Reduced commission for insurance agents

IRDAI has changed the rules of general insurance. Now the insurance agent will get only 20 per cent commission instead of 30 to 35 per cent. This will reduce the premium amount of the people.

**Price of Audi Cars (Monetary policy changes from 1st September)**

If you are planning to buy an Audi car in September, then this car is going to be expensive. Audi car prices are going to increase by 2.5 per cent. The new prices will be effective from September 20.

The circle rate will increase in Ghaziabad

If you are planning to buy property in Ghaziabad, then you will have to spend more than 1st September. There is going to be an increase of 2 to 4 per cent in the circle rate in Ghaziabad.