Rule Change: From March 1, 2025, 6 major rules related to UPI, LPG prices and mutual funds are changing from today, which can affect every citizen of India. Let us know what is changing from today.
Rule Change: Like every month, new rules are changing from March 1, 2025. 6 major rules are changing from March 1, 2025. This includes UPI, mutual funds and LPG cylinder prices. These changes will directly affect your bank account. Let us know which rules are being changed.
LPG cylinder prices increased
Oil companies have increased the price of 19 kg commercial gas cylinders. The price of this LPG cylinder has been increased by Rs 6, while on February 1, its price was reduced by Rs 7. The price of 19 kg commercial LPG cylinder has now become Rs 1803. At the same time, the price of commercial cylinder in Mumbai has gone up to Rs 1755.50. Talking about Kolkata, the price of 19 kg commercial LPG gas cylinder has gone up to Rs 1913 and in Chennai, the price of 19 kg LPG cylinder has gone up to Rs 1965.50. These prices are applicable from today itself. There has been no change in the price of LPG.
ATF price reduced
The price of jet fuel or aviation turbine fuel (ATF) has come down marginally by 0.23 percent. In the national capital, the ATF price for March 2025 has come down by Rs 222 per kilolitre to Rs 95,311.72 per kilolitre, while earlier it was Rs 95,533.72. Earlier on February 1, the prices were increased by 5.6 percent.
Change in UPI rules
The next change is related to the Insurance Premium Payment System. From March 1, 2025, there is going to be a change in the Unified Payment Interface (UPI), which will make the payment of insurance premium easier. A new feature called Insurance-ASB (Application Supported by Block Amount) is being added to the UPI system. Through this, life and health insurance policyholders will be able to block money in advance for their premium payment. After the approval of the policyholder, your money will be automatically deducted from the account.
What is changing regarding mutual funds
From today i.e. the first of March, the rules related to adding nominees in mutual fund and demat accounts are changing. Under this, an investor can add a maximum of 10 nominees in a demat or mutual fund folio. In this regard, market regulator SEBI has issued guidelines, which are effective from March 1, 2025. The purpose of this change is to reduce unclaimed assets and ensure better investment management.
Punjab National Bank gave an update
If there is no transaction in Punjab National Bank (PNB) for more than 2 years, then the bank account can be closed. The bank has issued an alert to its customers in this regard. The bank can de-activate such accounts i.e. close them. If you want your bank account to remain active, then you should get KYC done for this.
Banks will remain closed for 14 days
According to the RBI Bank Holiday List, banks will remain closed for 14 days in this month of festivals including Holi (Holi 2025) and Eid-ul-Fitr. These include Sunday weekly holiday including second and fourth Saturdays. However, despite the holiday in the bank, you can transact money or settle other banking work through online banking and ATM. These services will be available 24 hours.
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