look news india
Change in rules from January 1: With the new year, many big changes related to personal finance and banking are going to happen. The new rules effective from January 1, 2025 will have a direct impact on daily life and financial planning. These include changes in rules ranging from LPG cylinder prices to pension-UPI services.
1. LPG gas prices unchanged
It has been announced that LPG gas prices will remain unchanged in the month of January, which keeps changing every month. This announcement will not put any additional burden on people’s budget in the first month of the new year. It is noteworthy that the prices of LPG gas have remained stable for the last few months. However, commercial cylinder prices have fluctuated.
2. cars will become expensive
Every year at the beginning of the new year, automobile companies change the prices of cars. Cars from brands like Maruti Suzuki, Hyundai, Mahindra and BMW have seen their prices rise by up to 3 per cent due to the ongoing inflation and rise in component prices. So from January 1, cars will become expensive.
3. E-KYC is necessary for ration card
The government has made e-KYC mandatory for ration card holders. The ration cards of those who do not complete the e-KYC process by December 31, 2024, will be canceled from January 1, 2025.
4. Pension withdrawal made easy
EPFO has made simple rules for pensioners. Now he can withdraw his pension from any bank in the country. For which no additional verification will be required.
5. ATM facility for EPFO
The Central Government has started the facility of ATM card for the holders registered under EPFO. With this, employees will be able to withdraw money from their PF account easily and quickly.
6. UPI limit increase
Under UPI 123Pay service, feature phone users can now make payments worth Rs. You can pay up to Rs 10000. Earlier this limit was Rs 20. Was 5000.
7. New rules of fixed deposit
RBI has changed the rules related to fixed deposits for NBFCs and housing finance companies. This rule will come into effect from January 1, 2025 and will ensure the safety of deposits.
8. Changes in visa rules
Applicants applying for nonimmigrant visas to the United States, including student, work, tourist visas, can reschedule their interview appointment at no additional fee.
9. New dates for Sensex and banking derivative contracts
According to BSE, from January 1, 2025, the weekly contracts of Sensex and Bankex will expire every Tuesday. Earlier its expiry date was Friday.
10. Banks remained closed for seven days in January
Banks will remain closed for seven days in January in Gujarat. It also includes one Makar Sankranti holiday as well as four Sundays and second-fourth Saturdays. Banks will remain closed for a total of 15 days in various states across the country. However, the official holidays list of RBI has not been released.