However, on January 1, 2025, there will be changes in the savings of salaried people in the form of major government schemes as well as EPFO ​​​​rules.

See below for more details on the major financial changes that will take place from January 1, 2024.

Jet Fuel Prices

Aviation fuel prices are revised by oil marketing companies on the first of every month. ATF or Air Turbine Fuel forms a major part of the cost of air tickets. OMCs raised ATF prices by Rs 1,318.12 per kilolitre on December 1, 2024. Similarly, ATF prices in Delhi and Mumbai increased by more than 3 per cent in November 2024.

LPG Cylinder Price Revision

The Centre has capped the prices of domestic LPG cylinders at Rs 803 per 14 kg cylinder, but commercial LPG cylinder prices have been hiked by OMCs in successive months. The price of 19 kg commercial LPG cylinder was hiked by Rs 15.5-16.5 per cylinder on December 1, 2024. Commercial LPG prices have increased by Rs 173 per cylinder in the last 5 months. These hikes can make eating out expensive.

Agricultural loan without collateral

The people of the farming community are going to get a big gift, as the Union Cabinet has approved the budget for loans without collateral for the farming community. From January 1, 2024, farmers will be able to take loans without collateral up to Rs 2 lakh, whereas earlier this limit was Rs 1.6 lakh. These loans are expected to meet the loan needs of farmers during the agricultural season.

Change in stock market expiry rule

The stock market expiry rule will change for BSE Sensex, Sensex 50 and Bankex indices from January 1, 2024, expiry will start on Tuesday from this date. Earlier, these indices used to expire on Friday. This rule will be applicable on quarterly and half-yearly contracts on the last Tuesday of the respective month. Under the new rule, the expiry of Nifty 50 monthly contract has been shifted to Thursday.

UPI 123Pay transaction limit

As per the RBI notification, from January 1, 2025, UPI 123Pay users will be able to make high-value online payments using feature phones. RBI has increased the limit for these transactions from the earlier Rs 5,000 to Rs 10,000.

Change in EPFO ​​pension rules

EPFO ​​pensioners will be able to withdraw their pension from any bank in India. Its aim is to make withdrawal easier for pensioners. Apart from this, pensioners will not need to submit any additional verification for withdrawal.

GST rule changes

Businesses will have to adopt multi-factor authentication to access the GST portal from January 2025. This is an improved security feature that includes additional verification using one-time passwords or OTPs. Apart from this, companies will be able to issue e-way bills only for transactions made in the last 180 days. To prepare for these changes, companies will have to update their contact details.

Related Articles:-

• Govt Declared Holiday in banks, schools, govt offices on the demise of former Prime Minister Manmohan Singh
• Post Office’s New Rules: Government notified new rules under post office act. Details Here
• Bank timings Changed: Bank timings will change from January 1st, check before going, otherwise…
• Post Office’s superhit scheme, you will get Rs 9,250 every month…
• Government is Considering Reducing Tax liability on Annual Income up to ₹10.5 lakh in upcoming Budget

The post LPG Price Changes : Key Financial Changes from January 1, 2025 first appeared on Rightsofemployees.com.

Let us tell you that many rules are going to change on December 1, which will affect the daily life and finances of families across the country. Next month in December, many big changes are going to happen including revision of LGP gas cylinder prices and changes in SBI credit card rules. Let us know in detail…

LPG prices

Oil marketing companies can revise the prices of LPG cylinders on the 1st of every month. This may affect domestic rates. These changes are influenced by international market trends and policies, which will potentially affect the household budget. Changes in LPG cylinder prices can be seen from December 1. Let us tell you that in early November, the prices of 19 kg commercial cylinders had increased.

Aadhar card free update

The Unique Identification Authority of India (UIDAI) has extended the deadline for free update of Aadhaar details. Aadhaar card holders can now update their name, address or date of birth through the online process without any charge till December 14. However, updates made after this date will attract a processing fee.

Credit card rules

There is important news for the customers of the country’s largest government bank, State Bank of India (SBI). The bank is changing the rules of credit cards from December 1. SBI will no longer give the benefit of reward points on credit cards used for transactions on digital gaming platforms. Apart from this, HDFC Bank is also changing the lounge access rules for users of its Regalia credit card from December 1.

Filing Belated ITR

Individuals who failed to file their income tax returns (ITR) for the financial year 2023-24 (FY24) by the July 31 deadline still have an opportunity to submit their ITR by December. Those who missed the initial deadline can now file belated ITR with a penalty fee till December 31. The late fee is Rs 5,000. This late fee has been reduced to Rs 1,000 for taxpayers with total income less than Rs 5 lakh.

TRAI Timeline

On December 1, 2024, the Telecom Regulatory Authority of India (TRAI) will implement new traceability rules aimed at reducing spam and phishing messages. However, these rules may temporarily affect OTP services. TRAI has clarified that there will be no delay in OTP delivery after the rules come into effect. “TRAI assures that the message traceability mandate will not delay the delivery of messages and OTPs,” TRAI said in a post on X.

Going to Maldives will be expensive

Maldives is increasing its departure fees from next month. Maldives, one of the most popular tourist destinations, is increasing the fees charged from tourists. For economy class passengers, the fee will increase from $30 (Rs 2,532) to $50 (Rs 4,220), while for business class passengers, the fee will increase from $60 (Rs 5,064) to $120 (Rs 10,129). First class passengers will have to pay $240 (Rs 20,257), up from $90 (Rs 7,597) and private jet passengers will have to pay $480 (Rs 40,515), up from $120 (Rs 10,129).

Changes in ATF prices

The prices of air turbine fuel may also change from December 1. In such a situation, the prices of flight tickets may be affected.

Related Articles:-

School Holiday: Big announcement of education department, decision about holidays will be made in December

IMD has issued a red alert for these states, heavy rain will occur in the next 24 hours

PAN 2.0 with QR code: Apply for PAN 2.0, it will be delivered on email, know the easy way

The post New rules from Dec 1: From LPG gas prices to credit card charges, rules are changing from Dec 1, it will affect your pocket first appeared on Rightsofemployees.com.

The month of May is about to end and June is starting. There are three days left and after that, from the first date, many big changes will be seen in the country (Rule Change From 1st June), which can prove to be directly affecting your pocket. These include LPG cylinder price to credit card rules. Let’s know about 5 such big changes…

First change: LPG prices

Oil marketing companies change the prices of LPG cylinders on the first of every month and revised prices can be released from 6 am on June 1, 2024. In the recent past, while there have been many changes in the prices of 19 kg commercial gas cylinders, there has been no change in the price of 14 kg domestic gas cylinder. In such a situation, people are expecting relief in the prices of domestic cylinders this time before the elections are over.

Also Read: Income Tax Return 2024: Keep these documents ready before filing ITR, otherwise you will get IT Notice

Second change – ATF and CNG-PNG rates

Along with the change in the prices of LPG cylinders, oil marketing companies also revise the prices of aviation fuel i.e. Air Turbine Fuel (ATF) and CNG-PNG. In such a situation, their new prices can also be revealed on the first date. It is worth noting that earlier in the month of April, the prices of ATF were reduced.

Third change – SBI Credit Card

s going to change the rules of SBI Credit Card from June 1, 2024. According to SBI Card, reward points will not be applicable on government-related transactions for some credit cards from June 2024. These include State Bank’s AURUM, SBI Card ELITE, SBI Card ELITE Advantage and SBI Card Pulse, SimplyCLICK SBI Card, SimplyCLICK Advantage SBI Card and SBI Card PRIME, among others.

Fourth change: Driving license test

The fourth of the major changes to be made from the first of June is related to your driving license. Actually, from June 1, 2024, driving tests will also be conducted in private institutes (driving schools), till now these tests were conducted only in government centers issued by the RTO. Now people applying for license in private institutes will also have a driving test and they will be issued a license. However, keep in mind that this test process will be done only in those private institutes which will be recognized by the RTO. Along with this, if a minor below the age of 18 years is found driving, then not only will he be fined Rs 25,000, but the license will also not be issued for 25 years.

Fifth change: Aadhaar Crad free update

The fifth change, however, will come into effect from June 14. In fact, UIDAI had extended the deadline for updating Aadhaar Card for free to June 14 and it has been extended several times, so now there is little chance of it being extended further. In such a situation, Aadhaar card holders have only a few days left to get it updated for free. After this, you will have to pay a charge of Rs 50 per update if you go to the Aadhaar center and get it updated.

The post New Rules 1st June 2024: These 5 big changes are going to be implemented from June 1, full details here first appeared on Rightsofemployees.com.

Rules Changing from 1st April : The month of March is about to end. The month of April is going to start in two days. With the beginning of April, the financial year 2024-25 will also begin. There are going to be changes in some rules related to money from April 1, which will have a direct impact on your pocket. Let us know which rules will change from April 1.

Charges on SBI Debit Card will increase from April 1.

SBI has shocked crores of its customers. The annual maintenance charge of some debit cards of SBI has been increased. These rates will be revised from April 1, 2024. The bank has increased the maintenance charges on most of its debit cards. Please note that bank card charges vary depending on the type of card.

Change in NPS rules:

Pension Fund Regulatory and Development Authority (PFRDA) is going to introduce Aadhaar-based login authentication in NPS. This rule will come into effect from April 1, 2024.

LPG prices can change.

LPG prices are fixed by the government at the beginning of every month. Government oil companies can change the price of LPG cylinders as well as commercial cylinders. However, the possibility of change in the prices of LPG cylinders during the election season is very less.

Ola Money Wallet

Ola Money has told its customers that the company will shift from ‘Full Know Your Customer Wallet’ (KYC) to ‘Small Prepaid Instrument’ (PPI) wallet from April 1, 2024. This will save the time and expense of customers in the KYC process. The company has said, “We are shifting to the Small PPI system for a maximum wallet load limit of Rs 10,000 from April 1, 2024.”

Banks will remain closed for 14 days in April.

Reserve Bank of India has released the list of bank holidays in the month of April. Like every month, there are going to be bank holidays for many days in April too. Banks are going to remain closed in many states due to festivals like Eid and Ram Navami etc.

Banks will remain closed for a total of 14 days in different states in April. You can check the list of bank holidays by visiting the official website of the Reserve Bank.

SSY, PPF account holders should complete this work by 31st March, otherwise there will be big loss.

The post New Rules: From NPS to debit card, these 5 rules will change from April 1, your pocket will be affected. first appeared on Rightsofemployees.com.

The month of August has started. With the beginning of the new month, many major changes have taken place which are directly affecting the pockets of the common people. In this, along with the change in the price of income LPG, penalty for filing ITR, rules related to Axis Bank’s credit card are included.

Government oil companies have made a big cut of Rs 100 by changing the price of commercial gas cylinders on August 1. After this change, LPG cylinder in New Delhi is Rs 1680. If you have missed the deadline of July 31, 2023, then you will have to file ITR with penalty. From today onwards, you will have to pay a fine of Rs 1,000 to Rs 5,000 for filing ITR.

In August 2023, if you have to deal with important work related to the bank, then know that there are a lot of holidays in the bank this month. Banks will remain closed for a total of 14 days this month. This also includes Saturday and Sunday holidays.

If you are thinking of investing in State Bank of India’s Amrit Kalash scheme, then this is your last chance. Under this scheme, general customers are getting 7.1 percent interest rate on 400 days FD. At the same time, senior citizens are getting 7.6 percent interest rate. You have time till August 15, 2023 to invest in it. There is important news for the credit users of Axis Bank. Customers used to get 1.5 percent cashback on the use of this card on Flipkart, which will no longer be available after August 12.

The post Rules Changed from 1 August: These Financial rules have changed from today, check details immediately first appeared on Rightsofemployees.com.

In such a situation, people have high expectations from the budget. Along with this, changes are going to come in the rules related to the bank. Let’s see the complete list of these rules.

General budget will be presented

Finance Minister Nirmala Sitharaman is going to present the budget (Budget 2023) for the financial year 2023-24 on February 1, 2023. The whole country is watching it with great expectations. Decisions that give relief to the common man are being expected in the budget.

Extra charge will be applicable for paying rent by credit card.

Paying rent through credit card is going to be costly. Actually, the holders of Bank of Baroda Credit Card have got a big shock. The company has announced that it will charge 1 per cent fee on Rent Payments through credit cards. This rule will be effective from February 1, 2023.

LPG prices

The prices of LPG gas cylinders are reviewed on the first of every month. In these, increase and reduction are possible on the first date of every month. It is expected that there will be no change in the prices.

Tata Motors increased the prices of passenger vehicles by 1.2 percent

The country’s leading automobile manufacturer Tata Motors has announced to increase the prices of passenger vehicles. The increased prices will be effective from February 1, 2023. According to the company, on an average basis, the price of passenger vehicles with petrol and diesel engines will increase by 1.2 per cent depending on the model and variant.

If you are driving such a vehicle in Noida, be careful!

Under the scrapies policy, the Transport Department has now started taking strict action in Gautam Budh Nagar as well. Now 15 year old petrol and 10 year old diesel vehicles will be seized and scrapped in Noida and Greater Noida from February 1, 2023. Earlier, on the orders of NGT, the Transport Department had canceled the registration of a large number of petrol and diesel vehicles.

Now these vehicles will be caught and confiscated. After people showed no interest in the scrappage policy issued by the Central Government, the Transport Department has decided to take strict action.

The post 1st February Rules Changes: Big news! These rules will change from 1st February 2023, know here full list first appeared on Rightsofemployees.com.