New Rules 2025: There have been 9 changes in the country simultaneously from the new year i.e. January 2025. These changes can have a direct impact on your money.
New Rules – Many big changes are going to happen in the country from January 1, which includes a total of 9 changes including PF, GST, UPI, Fixed Deposit, Credit Card and Visa.
1. New EPF Rule – From 2025, the Provident Fund (EPF) will launch a new ATM service. This service will help EPF account holders access their money through ATMs, making it easier for individuals to manage their savings and withdraw money.
2. New GST Rule – From January 1, 2025, the government will make multi-factor authentication (MFA) mandatory for all taxpayers. This security upgrade will tighten security on the GST portal, requiring businesses to update mobile numbers, train employees and ensure that IT systems are ready for this new requirement.
3. E-way bill – Another change related to GST will affect E-Way Bills (EWB). Starting from 2025, e-way bills can be generated only for Aadhaar documents that are not more than 180 days old. Businesses will need to adjust their invoices and logistics in line with this rule.
4. New UPI Rules – From January 1, 2025, the Reserve Bank of India (RBI) will enable Unified Payments Interface (UPI) payments for full KYC prepaid payment interfaces (PPIs). The move will allow PPI wallet holders to transact with third-party UPIs, providing more flexibility. This will enable users to link their full KYC PPIs to third-party UPI apps to enhance security, seamless transactions, convenience and usability.
5. New Fixed Deposit Rule – The Reserve Bank of India (RBI) has introduced new rules for fixed deposits (FD New Rules) for non-banking financial companies (NBFCs) and housing finance firms. These rules are coming into effect from January 2025. The rules will affect the FD interest rate, tenure and eligibility criteria. FD holders in NBFCs can withdraw small deposits (less than Rs 10,000) before maturity without penalty. On the other hand, FD holders who have any serious illness can withdraw the entire amount before maturity.
6. RuPay Credit Card Lounge Access – National Payments Corporation of India (NPCI) will implement new guidelines for RuPay credit card holders from January 1, 2025. This will introduce tier-based spending criteria for airport lounge access. Cardholders who meet certain spending limits will be eligible for free lounge visits.
7. BOBCARD Lounge Access Changes – From January 1, 2025, BOBCARD users will see significant updates in the lounge access program at their domestic airports. For example, cardholders will have to spend at least Rs 40,000 in the previous quarter to get unlimited lounge visits, while others will get access based on a set number every quarter. Cardholders can track their spending through the BOBCARD portal or mobile app.
8. Thailand e-visa – Thailand will expand its e-visa system to all international travelers in 2025. From January 1, 2025, travelers from any country can apply for a visa online through the official website.
9. US Visa Appointment – The US Embassy in India will introduce a new rule from January 1, 2025, allowing non-immigrant visa applicants to reschedule appointments without additional fees. However, additional rescheduling will require re-application and payment of fresh fees.
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