Money Rule Changes from September 2025: Key Financial Updates You Must Know
ITR Filing: From September 2025 onwards, several important financial rules and deadlines will come into effect, impacting both individuals and businesses. These changes include updates on income tax return filing, the Unified Pension Scheme (UPS), silver hallmarking, SBI credit card rules, and special FD rates.
Here’s a complete breakdown of all the major money rule changes you should be aware of:
1. ITR Filing Deadline Extended
The Income Tax Department has extended the last date for filing income tax returns (ITR) for FY 2024-25.
-
New deadline: September 15, 2025
-
Previous deadline: July 31, 2025
This extension, announced by the Central Board of Direct Taxes (CBDT) on May 27, 2025, gives taxpayers more time to file their returns without penalties. If you haven’t filed your ITR yet, make sure to complete the process before the new due date.
2. Unified Pension Scheme (UPS) Deadline Extended
The government has extended the deadline for Central Government employees to opt for the Unified Pension Scheme (UPS).
-
New deadline: September 30, 2025
-
Old deadline: June 30, 2025
The extension gives employees additional time to decide whether they want to switch from the National Pension System (NPS) to UPS.
As per Finance Minister Nirmala Sitharaman, by July 20, 2025:
-
31,555 employees had enrolled in UPS.
-
7,253 claims were received.
-
4,978 claims were processed for benefit payments.
If you’re a Central Government employee, evaluate both plans carefully before making a decision.
3. Silver Hallmarking Becomes Voluntary
Starting September 1, 2025, customers will now have the option to buy hallmarked or non-hallmarked silver jewellery.
The Bureau of Indian Standards (BIS) has introduced silver hallmarking facilities but has kept the process voluntary for now.
This means:
-
You can choose hallmarked silver for better quality assurance.
-
Or, you can still buy non-hallmarked jewellery if you prefer.
This change follows a similar move that was earlier introduced for gold jewellery.
4. New SBI Credit Card Rules
The State Bank of India (SBI) has announced changes to its credit card policies, effective September 1, 2025.
Key updates:
-
No reward points on digital gaming platform transactions, merchant purchases, and government payments for cardholders of:
-
Lifestyle Home Centre SBI Card
-
Lifestyle Home Centre SBI Card SELECT
-
Lifestyle Home Centre SBI Card PRIME
-
-
CPP (Card Protection Plan) SBI Card customers will be migrated automatically to new plan variants based on their renewal due dates, starting September 16, 2025.
Updated renewal prices for CPP plans:
-
Classic Plan: ₹999
-
Premium Plan: ₹1,499
-
Platinum Plan: ₹1,999
If you’re an SBI credit card user, review these changes to manage your spending and rewards effectively.
5. Special Fixed Deposit (FD) Rates Ending Soon
Banks like Indian Bank and IDBI Bank are currently offering special tenor FD schemes, but the deadline to invest is approaching.
Indian Bank FD Plans:
-
Tenure options: 444 days and 555 days
-
Last date to invest: September 30, 2025
IDBI Bank FD Plans:
-
Tenure options: 444 days, 555 days, and 700 days
-
Last date to invest: September 30, 2025
If you’re looking to lock in attractive FD rates, make sure to invest before the deadline.
Final Thoughts
September 2025 brings several key financial updates that can impact your money, savings, and investments. From ITR filing deadlines to UPS enrollment, silver hallmarking, SBI credit card rules, and special FD schemes, staying informed will help you make better financial decisions.
Make sure to check all deadlines carefully and plan ahead to avoid missing out on benefits or facing penalties.
