Rules Change: Some rules change on the first date of every month. Many important rules are going to change from January 1, 2025, which will have a direct impact on your daily lifestyle and financial plans.
From the first day of the new year, the rules of Unified Payments Interface i.e. UPI payment, EPFO pension, Amazon Prime membership will change. Apart from these, the prices of cars will increase. The prices of LPG gas cylinders are fixed on the first date of every month. Let us know what will change from January 1 and how much it will affect you.
LPG Gas Cylinder Price
The price of LPG gas cylinder changes on the 1st of every month. For the past few months, the price of 19 kg commercial LPG cylinder has been fluctuating. On the other hand, the price of 14 kg domestic gas cylinder has remained stable for a long time. It is believed that their prices may change on January 1.
hike in car prices
Companies like Hyundai, Mahindra, Tata, Maruti Suzuki, Mercedes-Benz, Honda, Audi will increase the prices of their vehicles by about 3 per cent. For example, if the price of a car was Rs 7 lakh in December, then the same car will cost around Rs 7.21 lakh in January.
Relief in EPFO pension rules
Pensioners are going to get relief in the new year. From January 1, 2025, pensioners will now be able to withdraw their pension from any bank in the country. For this they will not need any additional verification. This facility will be especially beneficial for those who live in small towns or rural areas.
Transaction limit increased in UPI 123 Pay
The maximum limit of transactions through UPI 123Pay service will increase. It will be increased from Rs 5,000 to Rs 10,000 from January 1. This service allows keypad phone users to make payments without an internet connection.
New rules for Amazon Prime membership
From January 1, 2025, Prime Video can be streamed on only two TVs from one Prime account. If someone wants to watch Prime Video on a third TV, he will have to take an additional subscription. This means that in the next year you will have to spend money to watch Prime Video on the third TV.
Changes in fixed deposit rules
The Reserve Bank of India (RBI) is going to change the rules of fixed deposits from January 1. These new rules will be for non-banking financial companies (NBFCs) and housing financing companies (HFCs). Some necessary provisions have been made to ensure the safety of deposits from the first of January. This includes changes such as taking deposits from the public, keeping a part of the liquid asset safe and insuring the deposits.
