Major Changes from September: ATF & LPG Price Cuts, Pension, ITR Deadline, SBI Credit Card Rules & More

The month of September 2025 brings several significant changes that could impact your finances. From fuel and LPG price cuts by Oil Marketing Companies to updates in income tax deadlines, pension schemes, and banking policies, these developments impact both individual consumers and businesses. Staying informed about these changes is crucial to avoid potential financial losses.

Commercial LPG Cylinder Prices Cut by Rs 51.50

In a separate move, the OMCs have also reduced the prices of commercial LPG cylinders. The cost of a 19-kg commercial gas cylinder has been lowered by around Rs 51.50. This revised pricing also comes into effect starting today.

ATF Prices Reduced by RS 1,308.41/KL

Oil Marketing Companies (OMCs), Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL) have announced a significant reduction in aviation turbine fuel (ATF) prices. The price has been slashed by approximately Rs 1,308.41 per kilolitre. The new rates are effective from today.

Income Tax Return Deadline Extended

The Income Tax Department has extended the ITR filing deadline for the financial year 2024-25 to September 15, 2025. Initially set for July 31, taxpayers now have an extra 46 days to file their returns. The Central Board of Direct Taxes (CBDT) announced this extension on May 27.

Pension Scheme Deadline

Central government employees have until September 30, 2025, to choose between the National Pension System (NPS) and the Unified Pension Scheme (UPS). Previously, the deadline was June 30. As of July 20, 2025, Finance Minister Nirmala Sitharaman reported that 31,555 employees opted for UPS with 7,253 claims received and 4,978 settled.

SBI Credit Card Rule Changes

SBI has updated its credit card rules starting September 1. Reward points are no longer available for gaming platforms, merchants, and government transactions on select cards. Additionally, customers with a Card Protection Plan (CPP) will transition to new variants upon renewal from September 16. Renewal charges are set at Rs 999 for Classic, Rs 1,499 for Premium and Rs 1,999 for Platinum.

Special FD Offers Ending Soon

If you are considering investing in fixed deposits (FDs), note that Indian Bank and IDBI Bank have special term FD schemes ending on September 30, 2025. Indian Bank offers FDs for durations of 444 and 555 days while IDBI Bank provides options for 444, 555, and 700 days.

India Post Merges Registered Post with Speed Post

From September 1, 2025, the Department of Posts has merged domestic registered post with speed post. This means all registered posts within India will now be delivered via speed post. This change affects both regular customers and those sending government documents.