Rule Change in February 2025– It is very important for those withdrawing cash and making digital payments to know these new rules. These changes will encourage people towards cashless transactions but may also increase the cost of using banking services.
The new month i.e. February has started. Today, Finance Minister Nirmala Sitharaman will present the country’s general budget in Parliament. Before the presentation of the budget, some rules related to banking and digital payments important for the general public have also changed. These changes will directly affect the pocket and everyday life of the common man. Let us know which rules have changed from today.
From February 1, 2025, the fee for withdrawing cash from ATM has increased. Under the new rules, now money can be withdrawn from ATM only 3 times every month for free. After this, a fee of Rs 25 will be charged on every additional transaction, which was earlier Rs 20. If you withdraw cash from the ATM of any other bank instead of your bank, then Rs 30 will have to be paid per transaction for this. Apart from this, a maximum of Rs 50,000 can be withdrawn in a day.
LPG cylinder prices reduced
Oil marketing companies have reduced the price of LPG in 19 kg cylinder by Rs 4 to Rs 7 from February 1, 2025. The special thing is that this is the second consecutive month when LPG prices have come down. OMCs revise the prices of LPG cylinders at the beginning of every month. There has been no change in the price of domestic gas cylinder i.e. 14 kg LPG cylinder since August 1, 2024.
Changes in UPI transaction rules also
National Payments Corporation of India (NPCI) has also amended the rules related to UPI transactions. UPI IDs made with special characters (such as @, #, $, etc.) will not be accepted from February 1. Now UPI users will have to create their ID using only alphanumeric characters. This change has been made with the aim of increasing the security of digital payments.
Change in minimum balance
The minimum balance limit will change from February 1. Now account holders will have to keep a higher minimum amount in their savings account. In State Bank of India, account holders will now have to keep a minimum balance of Rs 5000 instead of Rs 3000. For Punjab National Bank customers too, the minimum balance will be increased from Rs 1000 to Rs 3500. At the same time, the minimum balance limit in Canara Bank will be increased from Rs 1000 to Rs 2500.
Maruti cars become expensive
The country’s largest auto manufacturer Maruti Suzuki India has given a big shock to its customers. The price of different models of Maruti Suzuki has been increased from February 1, 2025. Maruti cars have become expensive by up to Rs 32,500.
