Financial Rules Changing from 1st April 2025: From Bank Transactions to Income Tax, BIG Changes That Will Hit Your Pocket, Check

Financial Rules Changing from 1st April 2025: As March 2025 ends and April begins, several financial rules are set to change, impacting your daily transactions and overall budget. Every year, the first day of April brings new policies affecting banking, taxation, and essential commodities. This year is no different. Here’s a look at the financial rules changing from 1st April 2025 and how they may influence your expenses.

ATM Withdrawal Rules to Change

Currently, most banks allow five free ATM transactions each month, including financial and non-financial activities. However, from 1st April 2025, new ATM withdrawal rules will come into effect. The Reserve Bank of India (RBI) has announced that banks can now charge between ₹2 to ₹23 for transactions exceeding the free limit. This means if you withdraw cash more than five times in a month, you’ll need to pay a fee for each additional transaction.

LPG Cylinder Prices – Will There Be a Hike or a Cut?

LPG cylinder prices are revised on the first day of every month. Last month, the cost of a 19 kg commercial LPG cylinder was increased. Consumers are now waiting to see if there will be another price hike or a reduction in April. The price changes will directly impact household budgets, making it essential to stay updated on the latest rates.

Changes in Credit Card Rules from 1st April 2025

Credit card users will face notable changes that could affect their rewards and spending patterns. For instance, SBI’s SimplyClick credit card will reduce reward points on Swiggy orders from 10x to 5x. Similarly, Air India’s Signature credit card will lower reward points from 30 to 10. These adjustments mean users may receive fewer benefits on specific purchases, making it important to review card terms before making transactions.

Income Tax Relief – Major Update for Taxpayers

The Union Budget 2025 introduced significant changes in income tax rules. From 1st April 2025, the exemption limit has been raised to ₹12 lakh, offering major relief to taxpayers. This means individuals earning up to ₹12 lakh annually will no longer need to pay income tax. This change aims to provide financial ease and boost savings for middle-class families.

These financial rule changes from 1st April 2025 will impact daily expenses, banking transactions, and tax liabilities. Stay informed and plan accordingly to manage your finances efficiently!