Rule Change 1 January 2025: Many important rules and price changes are going to happen from January 1, 2025. These changes will have a direct impact on the lives and wallets of the common people. From LPG cylinder prices to pension rules, new rules will be implemented in many areas from the new year. It is important for every person to be aware of these changes so that he can prepare his budget and plans accordingly.
In this article we will give detailed information about the major changes taking place from January 1, 2025. We will discuss LPG prices, pension rules, car prices, UPI transaction limits and other important changes. We will also tell how these changes will affect the lives of the common man.
Rule Change 1 January 2025: Major changes
A brief overview of the key changes that will come into effect from January 1, 2025 is as follows:
| zone of change | Description |
| lpg cylinder price | Possible changes in prices |
| pension rules | New simple rules by EPFO |
| car prices | Increase possible up to 2-4% |
| upi 123pay limit | Increase from ₹5000 to ₹10000 |
| GST rules | Multi-Factor Authentication Mandatory |
| Fixed Deposit Rules | New rules for NBFC and HFC |
| share market expiry | New rules for Sensex and Bankex |
| farmer loan | Loan without guarantee up to ₹2 lakh |
LPG cylinder price changes
Oil companies will review LPG cylinder prices on January 1, 2025. Although there has been no change in the price of domestic gas for the last few months, there is a possibility of change in prices in the new year.
- Currently the price of 14 kg domestic gas cylinder in Delhi is ₹803
- Domestic gas price in Ranchi is ₹860
- This price in Bihar is ₹892
The prices of commercial LPG cylinder (19 kg) have been changing continuously for the last few months. This may affect food prices in restaurants and hotels.
Big change in pension withdrawal
Employees Provident Fund Organization (EPFO) is going to make a major change in the pension withdrawal rules from January 1, 2025. The new rules will bring relief to pensioners.
Major changes:
- Pensioners will be able to withdraw their pension from any bank in the country.
- No additional verification will be required
- Pension withdrawal process will be simple and easy
This change will be especially beneficial for those pensioners who live away from their home town.
car prices rise
Buying a car in the new year can be expensive. Major car manufacturing companies may increase the prices of their vehicles by 2% to 4% from January 1, 2025.
Companies raising prices:
- Maruti Suzuki
- Tata Motors
- Hyundai
- Mahindra
- Honda
- did
- mercedes-benz
- audi
- BMW
Companies have cited increase in production costs, increase in freight charges and foreign exchange fluctuations as the reasons for the price increase.
Increase in UPI 123Pay Transaction Limit
The Reserve Bank of India (RBI) has decided to increase the transaction limit of UPI 123Pay. This change will come into effect from January 1, 2025.
Major changes:
- Current transaction limit: ₹5,000
- New transaction limit: ₹10,000
UPI 123Pay is a service that allows feature phone users to perform UPI transactions even without internet. The increase in this limit will make it easier for feature phone users to make larger transactions.
Changes in GST rules
Multi-factor authentication (MFA) will become mandatory to login to the GST portal from January 1, 2025. This change is being made to increase the security of the GST portal.
Major changes:
- MFA mandatory for all taxpayers
- Additional verification through one-time password (OTP)
- E-way bills can be issued only for transactions of last 180 days
Businesses should prepare for these changes and update their contact details.
Changes in fixed deposit (FD) rules
The Reserve Bank of India has issued new rules related to fixed deposits for Non-Banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs). These rules will come into effect from January 1, 2025.
Major changes:
- New rules to increase security of deposits
- Amendment in FD rules for NBFC and HFC
- Better protection of depositors’ interests
The objective of these rules is to make public deposits more secure.
Change in share market expiry rules
From January 1, 2025, the expiry rules for some indices in the stock market will change.
Major changes:
- Expiry of Sensex, Sensex-50 and Bankex will now be on Tuesday (earlier it was on Friday)
- Quarterly and half yearly contracts will expire on the last Tuesday of the respective months
- Nifty 50 monthly contracts will expire on Thursday
These changes have been made to further streamline the functioning of the stock market.
Loan without guarantee for farmers
The Reserve Bank of India has taken a relief decision for the farmers. From January 1, 2025, farmers will be able to take loans up to ₹ 2 lakh without any guarantee.
key points:
- Current limit increased from ₹1.6 lakh to ₹2 lakh
- Farmers will be able to get big loans for agricultural activities
- The process of taking loan will be simple
This step has been taken to provide financial assistance to farmers and promote the agriculture sector.
New rules of Amazon Prime membership
There will also be a change in the rules of Amazon Prime membership from January 1, 2025.
Major changes:
- Prime Video can be streamed on only two TVs from one Prime account
- Additional subscription will have to be taken to watch on third TV
- Earlier, video could be streamed from one account to five devices.
This change has been made to increase Amazon’s revenue.
Possible changes in aviation fuel prices
On the first of every month, oil companies revise the prices of Aviation Turbine Fuel (ATF). These prices may change even on January 1, 2025.
key points:
- ATF forms a major part of the cost of air tickets.
- ATF prices were increased by ₹1,318.12 per kiloliter on December 1, 2024
- ATF prices in Delhi and Mumbai increased by more than 3% in November 2024
Changes in ATF prices have a direct impact on the cost of air travel.
Disclaimer:
This article has been written for general information purposes only. We have attempted to keep all information contained herein accurate and up to date, but we do not guarantee its accuracy or completeness. Please consult relevant authorities or experts before taking any decision. Terms and prices mentioned in the article are subject to change. Readers are advised to visit the websites of concerned government departments or institutions for latest and official information.
