Certain rules are modified at the beginning of each month. Numerous significant regulations are set to alter starting January 1, 2025, which will directly affect your everyday life and financial strategies. Starting from the new year, the regulations regarding UPI payments, EPFO pensions, and Amazon Prime memberships will be amended. Besides these, the cost of vehicles will rise. The costs of LPG gas cylinders are determined on the first of each month. Inform us about the changes starting January 1 and their impact on you.
The cost of an LPG gas cylinder varies on the first day of each month. Over the last few months, the cost of a 19 kg commercial LPG cylinder has been varying. Conversely, the cost of a 14 kg household gas cylinder has stayed constant for an extended period. It is thought that their prices could vary on January 1.
Firms such as Hyundai, Mahindra, Tata, Maruti Suzuki, Mercedes-Benz, Honda, and Audi plan to raise the prices of their vehicles by approximately 3 percent. For instance, if a car’s price was Rs 7 lakh in December, that same vehicle will be priced at roughly Rs 7.21 lakh in January.
Retirees will receive assistance in the upcoming year. Starting January 1, 2025, retirees will be able to access their pensions from any bank across the nation. They will not require any further verification for this. This service will be particularly advantageous for individuals residing in small towns or countryside regions.
The upper limit of transactions via the UPI 123Pay service will rise. It will rise from Rs 5,000 to Rs 10,000 starting January 1. This service enables users of keypad phones to process payments without needing an internet connection.
