New Rules From February 1– A new month will begin on February 1. Certain rules are changed on the first day of every month. Additionally, Finance Minister Nirmala Sitharaman will present the country’s budget on February 1. The general public has high expectations from this budget. Similarly, some major rule changes may take place.
Let’s take a look at what will be impacted…
Impact of Budget Changes
Budget changes can have a direct impact on people’s expenses. From next month, changes in LPG gas cylinder prices and banking rules may be seen. Let’s take a look at the upcoming changes… Budget 2025
LPG Price Change
Oil marketing companies update LPG cylinder prices regularly. Whether the price of LPG cylinders will decrease or increase will be known on 1 February 2025. A change in cylinder prices can affect household expenses. On January 1, oil marketing companies had reduced the price of a 19 kg commercial cylinder.
UPI Transaction Rules
The National Payments Corporation of India (NPCI) has decided to block certain UPI transactions. A circular has been issued in this regard. The new rule will be effective from 1 February , 2025. From February 1, UPI transactions with special character IDs will not be accepted. According to NPCI, only alphanumeric characters will be used in transaction IDs from February 1.
Banking Rule Changes
Kotak Mahindra Bank has informed its customers about upcoming changes in basic services and charges, which will take effect from February 1. These include modifications to the limit on free ATM transactions and updated fees for various banking services.
ATF Price Change
Changes in aviation fuel and air turbine fuel (ATF) prices may occur from February 1. Oil marketing companies revise the prices of aviation fuel and air turbine fuel on the first day of each month.
These upcoming changes may impact daily life and financial planning. Stay updated to be prepared for the changes ahead.