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September 2025: Six Vital Financial Deadlines & Rule Changes You Must Know

Komal Bajpai

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Updated: 06-09-2025 at 3:30 PM

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September 2025 brings with it a number of key deadlines and policy changes that will impact taxpayers, savers, public sector employees, and bank customers. Below you will find an expanded version of a detailed guide on each item generally lays out the rule change, possible effect, specific dates, supporting statistics and relevant actions you can take today.

1. Income tax return filing deadline extended: September 15, 2025

The Central Board of Direct Taxes (CBDT) has extended the deadline for filing Income-Tax Returns for individuals/HUFs not required to get accounts audited, from July 31, 2025, to September 15, 2025. This was done for FY 2024-25 (AY 2025-26) to allow taxpayers additional time after delays and updates to ITR forms and utilities.

What this means, in practice:

Filing after September 15 means your return will be deemed a belated return; late-filing penalties will apply (the typical limits and amounts still apply - review tax department guidance and media coverage for the specifics).

Action points now:

Gather your Form-16s, bank statements and tax credits now; don’t defer until the portal is congested.
If you are expecting a refund, make sure you check your bank A/C/IFSC and PAN details before filing.
If you are a tax agent, consider the need to plan for a limited number of resources for a filing spike in early to mid-September.

2. NPS UPS switch window (Unified Pension Scheme)

The Government has extended the cut-off to exercise the option between the National Pension System (NPS) and the newly notified Unified Pension Scheme (UPS) until September 30, 2025. The extension means eligible central government employees, former employees, and legally wedded spouses of deceased former employees have more time to make decisions. Note: the policies have timing requirements (e.g. switches may need to be made at least a year before superannuation or three months before a voluntary retirement).

Why does this matter?

UPS and NPS have different contribution patterns, offer different assured payouts and different benefits to the family. The choice is often irreversible or limited, so the government wanted to allow time to compare. There are quite a number of explainer pieces, and the government has published FAQs that include calculations for you to compare expected pension streams under both schemes.

Action items:

Use the UPS/NPS official FAQS and calculators to model expected pension outcomes.
Talk with your finance/payroll/pension cell - switching rules have timelines relative to retirement.

3. Registered Post is now merged with Speed Post

The Department of Posts has informed via both an internal circular and publicly that the domestic Registered Post service will be merged into the Speed Post service from 1 September 2025. This means the Department of Posts is combining two similar service offerings into one faster service offering, with tracking and digital proofs, while maintaining the secure/proof of delivery as a value-add.

Why does this matter?

Operationally, items that were previously sent as Registered Post will now be processed and tracked as Speed Post. The consideration of whether additional acknowledgement or add-on features continue to be available needs to be confirmed by the affected institutions and customers at their local post office or via India Post notifications.

Action items:

If you (or your organisation) use Registered Post for legal proofs, confirm with India Post as to how the option of Speed Post preserves AD/proof-of-delivery and whether fees are now altered.
Revise internal communications and standard operating procedures for delivery that refer to Registered Post as a separate product.

4. Changes to SBI credit-card rewards policies and CPP migrations

SBI Card sent out a customer notice, and there is separate press coverage, outlining two changes that will be happening at the same time:

Changes to rewards (as of 1 September 2025): the accumulation of reward points will no longer be available on spends made on digital gaming platforms and government-related spending for certain SBI Lifestyle Home Centre / Spar / Max card variant products. This is according to an August notice on the SBI Card website.

Card Protection Plan (CPP) migration (effective 16 September 2025): SBI Card will be automatically migrated for existing CPP signups into revised plan variants at renewal dates, with lower prices for renewing under these changed plan variants to make up for the portion of the fraud and emergency support functionality that is being maintained. The company stated that an SMS/email would be sent from SBI with reasonable notice for any expiration at renewal.

5. Special Fixed Deposits

Many banks have limited-period "special" FDs available only until 30 September 2025. Here are two good examples:

Indian Bank: special 444-day (Ind Secure) and 555-day (Ind Green) products advertised yields for regular customers at ~6.60-6.70%; senior and "super senior" slabs get higher rates (from reports, seniors at 7.10-7.20%, and super seniors over 7.30% as high as 8% in some slabs).

IDBI Bank: "Utsav FD" special tenures 444 / 555 / 700 days published rates (valid until 30 Sept) were ~6.70%(444d), 6.75%(555d) and 6.60%(700d) for regular customers; seniors cited ~0.50% uplift on many. The IDBI site also had special slab rates and validity.

6. Jan-Dhan Accounts Are Now Due For RR-KYC

The Reserve Bank of India noted that due to the passing of ten years, many of the Pradhan Mantri Jan-Dhan Yojana (PMJDY) accounts that were opened in the earlier days of the programme are now due for re-KYC. Public sector banks are conducting re-KYC camps at the panchayat level and have also provided in recent notices that banks are offering doorstep services from 1 July until 30 September 2025 in order to simplify the process and make it easily accessible. The notices released by the RBI and banks imply, as well, that the account-holders are not restricted only to in-person, branch-based, or mandatory online identification/address re-verification.

Conclusion

Across these six matters, the actions required by way of deadline-based administration and re-designed product eligibility requirements follow a common theme. Whether you have to file your taxes, open a Jan-Dhan account, have existing SBI cards, or plan to place locked money into special FDs, September 2025 should be an important timeline for actions.

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