Financial rules change from 1st March 2025: February 2025 is coming to an end, and March will begin tomorrow. In India, the first day of every month brings changes to various financial rules that can impact your daily expenses and savings. Similarly, from 1st March 2025, several important financial rule changes will take effect, directly influencing your pocket. These updates cover LPG prices, Fixed Deposit (FD) interest rates, UPI-based insurance payments, and mutual fund investments. Let’s take a look at the key financial rules changing from 1st March 2025 that you must be aware of.
LPG Prices May Change from 1st March 2025
On the 1st of every month, oil and gas companies revise LPG cylinder prices based on international crude rates and government policies. Last month, the prices of 19 kg commercial gas cylinders were reduced. There is speculation that LPG cylinder prices could see another revision from 1st March 2025, possibly bringing relief to households and businesses. Consumers should check the updated LPG rates to manage their budgets effectively.
FD Interest Rates May Be Revised from 1st March 2025
Fixed Deposits (FDs) remain a popular investment option for those seeking stable returns. From 1st March 2025, banks may revise FD interest rates based on market conditions and RBI policies. This change could either benefit investors with higher returns or reduce the interest rates, affecting long-term savings plans. It is advisable to stay updated with your bank’s latest announcements regarding FD interest rate changes from 1st March 2025.
EPFO Deadline for UAN Activation and Aadhaar Linking Ends on 15th March 2025
The Employees' Provident Fund Organisation (EPFO) had earlier extended the deadline to activate the Universal Account Number (UAN). The last date for this process is 15th March 2025. Additionally, the deadline for linking bank accounts with Aadhaar is also set for 15th March 2025. Employees must ensure compliance with these requirements to avoid disruptions in accessing their EPF accounts and benefits.
New Mutual Fund Rule
The Securities and Exchange Board of India (SEBI) has introduced a new regulation for mutual fund investors, effective 1st March 2025. Under this rule, investors can now add up to 10 nominees to their mutual fund accounts. This change is expected to provide better security and flexibility for investors in planning their financial future. Those holding mutual fund investments should update their nomination details accordingly.
UPI-Based Insurance Premium Payment via Bima-ASBA from 1st March 2025
The Insurance Regulatory and Development Authority of India (IRDAI) has introduced a new payment facility called Bima-ASBA, which will be implemented from 1st March 2025. This feature will allow policyholders to pay insurance premiums directly using UPI, making transactions faster and more convenient. With UPI-based payments becoming widely accepted, this move aims to enhance the ease of managing insurance payments.
Stay Updated on Financial Rules Changing from 1st March 2025
These financial rule changes from 1st March 2025 will have a direct impact on your expenses, savings, and investments. From potential reductions in LPG prices to FD interest rate revisions and new UPI-based insurance premium payments, staying informed about these updates will help you make smarter financial decisions. Ensure you check with relevant financial institutions for official confirmations and plan accordingly.