5 Major Rule Changes: At the beginning of the month, some changes are announced in the country. These include rules ranging from the rate of gas cylinders to transaction-related rules. Changes were also seen in February. At the same time, in March, there has been a change for those who make online payments to those who use gas cylinders. Let us know what are the 5 major changes from March 1, 2025.
Big change in UPI transaction
From March 1, 2025, there has been a change related to transactions in the Unified Payment Interface (UPI). This change is related to the new rule of the Insurance Regulatory and Development Authority of India (IRDAI). Under the change related to the Insurance Premium Payment System, it has become easier to pay insurance premiums.
Insurance payments can be made through the UPI system. It will be easier for users to pay the premium of life and health insurance and they will be able to block the money in advance so that after the approval of the policyholder, the premium can be deducted from the bank account on time.
LPG cylinder price
The oil companies have increased the price of 19 kg commercial gas cylinders. Its rate has been increased by Rs 6. Whereas, in February, the price of commercial gas cylinders was reduced by Rs 7.
ATF rates reduced
The price of aviation fuel i.e. Air Turbine Fuel (ATF) has also been revised. After this, on March 1, 2025, the ATF price was changed by 0.23 percent. In such a situation, the price of ATF in the national capital has become Rs 95,311.72 per kilolitre. Earlier the rate was Rs 95,533.72.
Punjab National Bank
Punjab National Bank has made it mandatory for all account holders to get KYC updated. The bank accounts of such customers who have not yet submitted the documents and have not completed the work related to KYC can be closed. If not active, the customer will not be able to withdraw money from the account.
Rules related to mutual fund and demat account
The rules have changed for mutual fund and demat account holders. A maximum of 10 nominee names can be added to one account. Earlier the number of nominees to be added was less and limited.