Rule Change From January 1: 2024 is about to end, and the new year 2025 will begin in only two days. People have started preparing to welcome the new year. At the same time, many rules in the country will also see significant changes from January 1, 2025.
This includes rules ranging from LPG prices to EPFO. The changes will have a significant impact on the ‘s lifecommoner. So, let’s see which rules will change on January 1, 2025.
Will the rates of LPG cylinders increase?
Oil companies change the prices of LPG on the 1st of every month. They either reduce or increase the prices.
However, the price of domestic LPG cylinders (14.2 kg) has remained unchanged for several months. Currently, it is Rs 80 in Delhi3. At the same time, the prices of commercial cylinders have continuously increased. If the news is believed, they will change on January 1, 2025.
What will the change in pension rules be?
From January 1, 2025, EPFO has simplified the rules for withdrawing pension money. Now, pensioners can withdraw their pension money from any bank. This facility is a significant relief for pensioners.
New transaction limit of UPI 123Pay
UPI payment of up to Rs 10 thousand can be made using UPI 123Pay. This facility will start from January 1, 2025. Earlier, this limit used to be Rs 5 thousand.
Loan increases for farmers
RBI has increased the loan limit available to farmers without guarantee to Rs 2 lakh. The new rules will come into effect from January 1, 2025. Earlier, this limit was Rs 1.60 lakh.
Car prices will increase!
Buying a car in the new year will be expensive. From January 1, 2025, major automobile companies like Maruti Suzuki, Hyundai, Mahindra, Honda, Mercedes-Benz, Aud, and BMW will increase the prices of their vehicles by up to 3%.