April 1st Rule Changes: On the first date of every month, many new rules come into force and some old rules are changed. This time from April 1, 2025, many important changes can be seen including LPG gas cylinder prices, banking sector rules and GST. If you ignore these rules, you may have to suffer financial loss.

Change in LPG prices possible

Change in LPG gas prices is seen on the 1st of every month. Gas companies review the prices of LPG cylinders at the beginning of every month and the prices are changed if needed. Change in LPG gas prices is also possible on April 1, which will have a direct impact on domestic gas consumers and business users.

UPI transaction rules will change

A new rule will come into force from April 1 to prevent fraud in UPI payment service. The National Payments Corporation of India (NPCI) has directed banks to use the mobile number revocation list on the Digital Intelligence Platform. This new rule will make digital transactions more secure and may reduce cases of fraud.

New rules related to GST will be implemented

Input Tax Distributor System (ISD) will come into effect from April 1, 2025. Under this, it will be mandatory for businesses to register as Input Tax Credit (ITC). Earlier, traders had the option of registering in the ITC group, but now this rule has been made mandatory. Violating the rules can lead to a fine of up to ₹ 10,000.

Banking rules will change

RBI is going to implement new banking guidelines from April 1, which will affect the customers of big banks like SBI, PNB, Canara Bank and HDFC Bank. Now the minimum balance limit in the savings account can be increased. If the account holders do not maintain the minimum balance, they may have to pay additional charges. Apart from this, additional charges can be levied for doing free transactions more than the prescribed number of times from ATM. Currently, many banks provide 3 to 5 free ATM withdrawals to customers.

Change in TDS rules

There may be a change in the rules of tax deduction and tax collection at source (TCS) from April 1, 2025. The central government had announced in the budget that the limit of TDS deduction for senior citizens will be doubled. This can give more relief in tax to senior citizens.