On January 1, not only the year has changed, not only the calendar has changed, but many major rules have changed. Which can have a direct impact on the common man’s pocket. The new year has started. Now in the new year there will be new trends, as well as new expenses. From January 1, 2025, vehicles of all big car companies will become expensive. There will be changes in the rules related to fixed deposits. The new year has brought good news for the farmers. The reason for this is that now they will be able to get more loans than before. Feature or basic phone users will now be able to transfer more money from their account.
Changes in RBI’s FD rules
The Reserve Bank has changed the rules related to fixed deposits (FD) of NBFC (Non-Banking Financial Company) and HFC (Housing Finance Company) from January 1. This includes new rules related to rules for taking deposits, percentage of keeping liquid assets and insuring deposits.
Pension withdrawal from any bank
January 1, 2025 is also a special day for pensioners. Employees Provident Fund Organization i.e. EPFO has implemented a new rule for pensioners. Now pensioners will be able to withdraw their pension amount from any bank in the country. For this they will not need any additional verification. On September 4, 2024, the Centralized Pension Payment System (CPPS) for the Employees Pension Scheme 1995 was approved by the government.
Now buying a car will become expensive
Most of the big car manufacturing companies had already announced that they will increase the prices of their cars in the new year. From Maruti Suzuki, Hyundai India, Tata Motors, Mahindra to Kia Motors had already said that they are going to increase the prices of their cars by 1 to 4 percent. Apart from this, luxury car manufacturing companies BMW, Audi, Mercedes etc. have also announced to increase the prices of their cars.
There will be many changes in EPFO
EPFO is going to launch ATM card this year. With its help, you can withdraw your EPFO money from ATM anytime. Along with this, there may be a change in the contribution limit of PF account holders. Currently, employees contribute 12 percent of their basic salary to the EPF account. Which can be taken forward.
Changes in GST rules
There are going to be changes in many rules related to GST from January 1. It also includes Multi Factor Authentication (MFA). This process will be applicable to all those who file GST. Its purpose is to make the GST filing process more secure.
Farmers will get loan up to Rs 2 lakh without guarantee
The year 2025 has brought good news for the farmers. Farmers can now take loans up to Rs 2 lakh without any guarantee. Earlier its limit was Rs 1.6 lakh. In this regard, all banks have been instructed to implement the new guidelines and inform the farmers about it. However, RBI has not made any change in the interest rate in this regard.
Now you will be able to make more payments through UPI 123Pay
RBI has given a new gift to the users making online payments. From January 1, if you use UPI 123Pay feature for UPI payment, now you can make online payment up to Rs 10,000. Earlier this limit used to be up to Rs 5,000.
WhatsApp will stop on such phones
From January 1, WhatsApp will stop working on many old Android phones. WhatsApp’s parent company Meta had recently taken this decision. This rule will apply to some old smartphone models of companies like Samsung, HTC, LG, Sony and Motorola.
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