Rule Change 2025: There is less than a week till the new year begins. With the new year comes new restrictions, which will have a direct impact on your pocketbook. These include automobile costs, LPG cylinder prices, pension rules, Amazon Prime membership, UPI 123Pay rules, and FD laws.
Table of Contents
These six significant changes for Rule Change 2025
- Increased car pricing
Buying a car will get more expensive in the coming year. Major automobile firms such as Maruti Suzuki, Hyundai, Mahindra, Honda, Mercedes-Benz, Audi, and BMW may increase vehicle costs by up to 3% beginning January 1, 2025. The corporations have ascribed this to increased production costs. As a result, if you want to buy a car, you may have to pay extra.
- Prices for LPG cylinders
LPG prices are reviewed on the first of each month by oil marketing companies. However, the price of a household LPG cylinder (14.2 kg) has remained unchanged in recent months. The current pricing in Delhi is Rs 803. At the same time, commercial cylinder prices have steadily increased. The price of crude oil in the worldwide market is $73.58 a barrel, which may cause price changes in the future.
- Changes in pension withdrawals
The new year provides relief to pensioners. The Employees Provident Fund Organisation (EPFO) has streamlined the pension withdrawal rules effective January 1, 2025. Pensioners can now withdraw their pensions from any bank in the country. There will be no need for any additional verification. This provision is a huge relief for pensioners.
- New guidelines for Amazon Prime membership
Changes to Amazon Prime membership rules have been revealed and will take effect on January 1, 2025. Prime Video may now only be viewed on two TVs using a single Prime account. If someone wants to view Prime Video on a third TV, he will need to purchase another subscription. Previously, Prime members could watch videos on up to five devices with a single account.
- Rules for fixed deposits (FDs)
The RBI has modified the rules governing fixed deposits for NBFCs and HFCs. The new rules will go into force on January 1, 2025. Some important precautions for deposit safety have been included in these adjustments. This involves modifications such as accepting public deposits, securing a portion of the liquid assets, and insuring the deposits.
- New transaction limit for UPI 123Pay
The RBI’s UPI 123Pay service for feature phone customers now has a higher transaction limit. Previously, this service allowed for a maximum transaction of Rs 5,000, however this restriction has recently been doubled to Rs 10,000. This facility will take effect on January 1, 2025.
you join our tazatimesnews Telegram Channel
you join our whatsapp channel
Next News Read – BSNL cost-effective plans, you can get free internet for 30 days ,The discount is only valid until December 31.
