Business News Desk – Today is 1st January. The year 2025 has started from today. Along with this, many rules will also change. This includes everything from LPG to GST and UPI. You should be aware of these rules. Because the changes in these rules will have a direct impact on your pocket. Actually, many rules change on the first day of every month. But this time some more rules are changing from the first date. Know about 10 big changes taking place from January 1:
1. LPG cylinder price
On the first of every month, oil companies change the prices of LPG cylinders. This includes both domestic and commercial cylinders. During this period, companies can increase or decrease the price of LPG cylinder. Many times companies do not change the price.
2. Changes in GST rules
Many rules related to GST are going to change from January 1. It also includes Multi Factor Authentication (MFA). This process will be applicable to all taxpayers filing GST. Its purpose is to make the GST filing process more secure.
3. Pension from any bank
EPFO has simplified the pension rules 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 it will become very easy to withdraw pension amount.
4. Limit increased on UPI 123Pay
Users who do not use smartphones can also transfer money from their bank account from their basic or feature phones. Earlier its limit was Rs 5 thousand. From January 1, it has been increased to Rs 10 thousand. Now people will be able to transact larger amounts.
5. Farmers will get more loans
From January 1, farmers will now be able to get loans up to Rs 2 lakh without guarantee. The Reserve Bank had recently announced this. The Reserve Bank had said that the limit of loan given to farmers is 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 prices. It is believed that from January 1, the price of a car may increase by up to 3 percent.
7. FD rules will also change
If you give priority to Fixed Deposit (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 NBFC and HFC. These changes are related to withdrawal of amount deposited in FD before maturity.
8. Limit fixed in Amazon Prime membership
Changes are also being made in Amazon Prime membership from January 1. Now you will be able to watch Prime Video only on 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 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 use the lounge at the airport. This facility will be available on the basis of the amount spent through credit card.
10. Train timings will change
Timings of many trains are also changing from January 1. The new timetable includes many trains of North Central Railway. These include a total of 15 trains including Vande Bharat running between Agra-Varanasi. At the same time, more trains of other routes are also included in it. Apart from this, the numbers of the trains which were run with special numbers during the Corona period will also change.
