• Source:JND

New Rules From October 1: Starting October 1, several important changes are set to roll out, directly impacting your daily life and household budget. From revised LPG cylinder prices to updates in train ticketing and UPI services, the upcoming month will bring a series of changes and price adjustments.

As is customary, LPG prices are reviewed on the 1st of every month, and consumers can expect a possible revision this month as well, Jagran.com reported. Apart from the LPG price revision, other key sectors such as railways and digital payments are also expected to undergo changes, affecting customers.

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Here’s The List Of Changes To Come Into Effect From October 1

- LPG Price Revision: The Oil Marketing Companies (OML) review the rate of both 14.2 kg domestic cylinders used in households and the 19 kg commercial cylinders on the 1st of every month. Earlier in September, the Oil Marketing Companies slashed the price of commercial cylinders and kept the rates of domestic cylinders unchanged. However, the consumers can expect a change this month, which may affect their budget positively or negatively.

- Changes in Train Ticket Booking: Starting October 1, Indian Railways will introduce a new system that will automatically prioritise Aadhaar-verified users during train ticket bookings. Under this new rule, verified users will be able to book unreserved general tickets during the first 15 minutes after the booking window opens. This change aims to prevent the misuse of the reservation system and streamline the booking process. However, the general ticket booking system at PRS will remain unchanged.

- Changes in UPI Rules: Effective October 1, the National Payments Corporation of India (NPCI) is set to discontinue the P2P (peer-to-peer) “Collect” or “Pull” request feature, Jagran.com reported. This feature allows users to send a payment request to friends, relatives, or contacts, enabling them to borrow money via UPI. Once this change comes into effect, users will no longer be able to request funds through this method.

- RBI Repo Rate To Be Cut: The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) is set to meet next month to review and take decisions on the repo rate and other financial policies. During the meeting, the RBI is expected to cut the repo rate by 0.25 per cent. If the cut is announced, it could result in reduced EMIs on home, car, and personal loans and lower interest rates on loans, benefitting consumers and borrowers.

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