Many financial changes are going to happen since 1 August 2025. These changes that will have a direct impact on the pockets of common people and everyday life. These include changes in rules related to UPI transaction, expansion in trading hours, cuts in insurance cover of SBI credit card and revise in LPG cylinder prices. Let us know what will be the change.
Changes in UPI rules
The National Payments Corporation of India (NPCI) has made several changes to make UPI transactions more safe. Now users will be able to check the account balance only 50 times a day. UPI Autope transactions will now be in fixed time slots. This will reduce traffic and improve the system. The status of a transaction can now be checked only three times, that too must have a difference of at least 90 seconds between every time.
Changes in trading market time
According to the Reserve Bank of India (RBI)
From 1 July 2025, the call money market will open from 9 am to 7 pm.
From 1 August 2025, the market time of market repo and TREP market has been fixed from 9 am to 4 pm.
The aim of this change is to increase liquidity and transparency in the market.
Insurance cover closed on SBI Credit Card
SBI has announced the closure of air accident insurance on several co-branded cards. Some Elite cards will no longer get insurance of Rs 1 crore. Insurance of Rs 50 lakh will also be discontinued on cards with Prime and Platinum variants. This change will affect the card holders who used cards based on these benefits.
Now an air accident insurance cover of Rs 1 crore will not be available on the cards given below
UCO Bank SBI Card Elite
Central Bank of India SBI Card Elite
Punjab & Sindh Bank (PSB) SBI Card Elite
Karur Vaishya Bank (KVB) SBI Card Elite
Karur Vaishya Bank (KVB) SBI Signature Card
Allahabad Bank SBI Card Elite
Closed: Air Accident Insurance Cover of Rs 50 lakhs
Now an air accident insurance cover of Rs 50 lakh will not be available on the cards given below.
UCO Bank SBI Card Prime
Central Bank of India SBI Card Prime
Punjab & Sindh Bank (PSB) SBI Card Prime
Karur Vaishya Bank (KVB) SBI Card Prime
Karur Vaishya Bank (KVB) SBI Platinum Credit Card
South Indian Bank SBI Card Prime
South Indian Bank SBI Platinum Credit Card
Karnataka Bank SBI Card Prime
Karnataka Bank SBI Platinum Credit Card
City Union Bank SBI Card Prime
Allahabad Bank SBI Card Prime
Union Bank of India (Ubi) SBI Platinum Credit Card
Oriental Bank of Commerce (OBC) SBI Visa Platinum Card
Federal Bank SBI Platinum Credit Card
Bank of Maharashtra SBI Platinum Credit Card (BOM SBI Platinum)
There will be a change in the price of LPG cylinder
Like every month, on August 1, government oil companies will fix new prices of domestic and commercial gas cylinders. These prices are determined keeping in mind the rates, taxes and other costs of international crude oil.