New Rules From 1st January 2025: From LPG to UPI… these 10 rules will change from January 1, know all About Details

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New Delhi: Tomorrow is January 1. The year 2025 will start from tomorrow. With this, many rules will also change. This includes LPG to GST and UPI. You should know about these rules.

Because the changes in these rules will directly affect your pocket. Although many rules change on the first date of every month. But this time some more rules are changing from the first date. Know about the 10 major changes happening from January 1:

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1. Price of LPG cylinder

On the first of every month, oil companies revise the prices of LPG cylinders. This includes both domestic and commercial cylinders. During this period, companies can increase or decrease the price of LPG cylinders. Many times companies do not even make any change in the price.

2. Changes in GST rules

Many rules related to GST are going to change from January 1. This also includes Multi Factor Authentication (MFA). This process will be applicable to all taxpayers who file GST. Its purpose is to make the GST filing process more secure.

3. Pension from any bank

EPFO has made the pension rules easier from January 1. From January 1, employees will be able to withdraw their pension amount from any bank. For this, they will not need any additional verification. With this new rule, withdrawing pension amount will be very easy.

4. Limit increased on UPI 123Pay

Those users who do not use smartphones can also transfer money from their bank account using their basic or feature phones. Its limit was earlier Rs 5,000. From January 1, it has been increased to Rs 10,000. Now people will be able to transact more money.

5. Farmers will get more loans

From January 1, farmers will now be able to get a loan of up to Rs 2 lakh without guarantee. The Reserve Bank had recently announced this. The Reserve Bank had said that the loan limit given to farmers has been increased from Rs 1.60 lakh to Rs 2 lakh.

6. Car prices will increase

Buying a car may become expensive from January 1. Car companies like Maruti Suzuki, Hyundai, Mahindra, Honda, BMW etc. are considering increasing the price. It is believed that the price of a car may increase by up to 3% from January 1.

7. FD rules will also change

If you prefer fixed deposits (FD) for investment, then some changes are going to happen in it from January 1. The Reserve Bank has changed the rules related to FD for NBFCs and HFCs. These changes are related to withdrawing the amount deposited in FD before maturity.

8. Limit set in Amazon Prime membership

Amazon Prime membership is also changing from January 1. Now you can watch Prime Video on only two TVs from one Prime account. If you want to watch Prime Video on a third TV from that account, you will have to take a separate subscription for it. Earlier, videos could be watched on up to five devices (TV or smartphone) from one Prime account.

9. Use of Rupay Credit Card

Some rules related to Rupay credit card are also changing from January 1. NPCI has issued guidelines for this. Under the new rules, not every Rupay credit card user will be able to access the lounge at the airport. This facility will be available on the basis of the amount spent from the credit card.

10. Train timings will change

The timings of many trains are also changing from January 1. Many trains of North Central Railway are included in the new timetable. A total of 15 trains including Vande Bharat running between Agra-Varanasi have been included in this. On the other hand, more trains of other routes are also included in it. Apart from this, the numbers of trains which were run with special numbers during the time of Corona will also change.

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