Change Rule 2025: There is less than a week left for the new year to start. With the new year, some new rules are also coming, which will directly affect your pocket. These include car prices, LPG cylinder prices, pension related rules, Amazon Prime membership, UPI 123pay rules and FD related rules.
1. Increase in car prices
Buying a car will become expensive in the new year. From January 1, 2025, major automobile companies like Maruti Suzuki, Hyundai, Mahindra, Honda, Mercedes-Benz, Audi and BMW will increase vehicle prices by 3%. Companies have cited increase in production costs as the reason for this. Therefore, if you are planning to buy a car, you may have to spend more.
2. LPG Cylinder Prices
On the first of every month, oil marketing companies review the prices of LPG. However, the price of domestic LPG cylinder (14.2 kg) has not changed for the last few months. At present its price in Delhi is Rs 803. At the same time, a continuous increase in the prices of commercial cylinders has been seen. The price of crude oil in the international market is $73.58 per barrel, due to which the prices may change in future.
3. Changes in pension withdrawal
The new year is bringing relief for pension holders. From January 1, 2025, the Employees’ Provident Fund Organization (EPFO) has simplified the rules for pension withdrawal. Now pensioners will be able to withdraw their pension from any bank in the country. For this they will not require any additional verification. This facility is a big relief for pensioners.
4. New rules of Amazon Prime membership
Changes have been announced in the rules of Amazon Prime membership, which will come into effect from January 1, 2025. Under the new rules, Prime Video can be streamed only on two TVs from one Prime account. If someone wants to watch Prime Video on a third TV, he will have to take an additional subscription. Previously, Prime members could stream videos from up to five devices from a single account.
5. Rules of Fixed Deposit (FD)
RBI has changed the rules related to fixed deposits for NBFCs and HFCs. The new rules will come into effect from January 1, 2025. Under these changes, some necessary provisions have been made to ensure the security of deposits. This includes changes like taking deposits from the public, keeping a part of liquid assets safe and insuring deposits.
6. New transaction limit of UPI 123p
The transaction limit has been increased in the UPI 123Pay service launched by the Reserve Bank of India (RBI) for feature phone users. Earlier, a maximum transaction of up to Rs 5,000 could be done under this service, but now this limit has been increased to Rs 10,000. This facility will be effective from January 1, 2025.
Also read: EPFO: EPFO added 13.41 lakh members in October, the number of new members stood at 7.50 lakh.
