Key financial changes that can impact your wallet from September

MUMBAI: Several personal finance related changes are due from September on the banking and financial services fronts which, if not handled judiciously, can negatively surprise you by hurting your wallets. These changes vary from choosing your own debit/credit card network to lower rewards points on certain credit cards transactions to lower minimum due payments on credit cards that will only add to interest burden on your purchase and to paying Rs 50 for Aadhaar updates, among others. The month will also see many banks closing their special deposit schemes, so it is time to lock your money for higher returns.