New Year 2025: There are only six days left for the year 2024 to end, so preparations are in full swing across the country to welcome the new year 2025.
With the arrival of the new year, many big changes are going to be implemented from January 1, 2025, which will affect every home and pocket.
These changes include the prices of LPG cylinders used in the kitchen to the rules related to UPI payment.
New Year 2025: Changes from LPG to UPI
Every month there are many financial changes in the country and this time not only the new month but also the new year is going to start from January 1, 2025.
Five major changes are going to be implemented from the first day of the year. These include changes in LPG cylinder prices and aviation fuel (ATF) rates, as oil marketing companies usually implement these changes on the first day of the month.
Apart from this, new rules for UPI 123Pay payments will also come into effect from January 1. A new provision is going to be implemented for EPFO pensioners and farmers will get the benefit of loan without any guarantee, which is part of this list.
First Change: LPG Prices
Like the first date of every month, on January 1, 2025, oil marketing companies will revise and announce new prices of domestic and commercial LPG gas cylinders.
The prices of 19 kg commercial LPG cylinders have been revised several times in the last few months, while the price of 14 kg domestic cylinder has remained stable for a long time.
This time people are expecting a possible change in the prices of domestic cylinders. Apart from this, adjustments are also expected in the prices of aviation fuel.
Second Change: New EPFO Rule
From January 1, 2025, the Employees’ Provident Fund Organization (EPFO) will implement a new rule for pensioners, which will benefit them a lot.
Under this change, pensioners will be able to withdraw their pension amount from any bank across the country without the need for any additional verification. This move is expected to bring convenience and simplicity to pensioners.
Third Change: UPI 123Pay Rules
The Reserve Bank of India (RBI) has introduced UPI 123Pay to facilitate online payments through feature phones. From January 1, the transaction limit for UPI 123Pay will be increased.
Now users will be able to make online payments up to ₹ 10,000, which is double the previous limit of ₹ 5,000. The purpose of this change is to increase the convenience of digital transactions for feature phone users.
Fourth Change: Stock Market-Related Rule
There has been a change in the monthly expiry of Sensex, Sensex-50 and Bankex. From now on, expiry will be on Tuesday instead of Friday every week.
Apart from this, the expiry of quarterly and half-yearly contracts will be on the last Tuesday of the month. At the same time, NSE has fixed the expiry of Nifty 50 monthly contracts on Thursday.
Fifth Change: Loans for Farmers
The next change to be implemented from January 1, 2025 is related to farmers. According to the RBI announcement, from the first day of the year, farmers will be able to take a loan of up to Rs 2 lakh without any guarantee.
Earlier the loan limit without any guarantee was Rs 1.6 lakh, but with this change, farmers will now be able to take a loan of up to Rs 2 lakh.
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