New Regulations and Policy Changes to Take Effect from September 1

**New Delhi, August 30, 2024** — A series of significant regulatory changes and policy updates will be implemented across India starting September 1. The Telecom Regulatory Authority of India (TRAI) will enforce new measures aimed at combating fraudulent calls and messages, a move anticipated to enhance consumer protection and reduce spam. This initiative marks a notable step in the ongoing battle against telecommunication fraud.In the banking sector, both HDFC Bank and IDFC First Bank will introduce revised credit card policies, effective September 1. These changes are expected to impact cardholders’ terms and benefits, aligning with broader industry trends.Additionally, the National Payments Corporation of India (NPCI) has advised banks to extend rewards and benefits on Unified Payments Interface (UPI) transactions using RuPay cards, matching the incentives offered for other card types. This directive is expected to boost the usage of RuPay cards and enhance the appeal of UPI transactions.Moreover, the Aadhaar free update service will end on September 14, prompting individuals to complete any necessary updates before the deadline to avoid additional charges.These updates reflect ongoing efforts to improve consumer protection, financial inclusivity, and technological integration in the country.