Rule Changes from August 1– Big news for common people. Every month there are changes in some rules related to money, which affect your pocket. Similarly, there will be some changes in the next month i.e. August, which will affect you. The biggest change among these is going to be regarding UPI rules.
If you use digital payment apps like Google Pay, Phone Pay and Paytm, then this change will affect you. Apart from this, on the first date of every month, government oil companies fix the price of LPG. If there is an increase in prices, it will affect your budget.
UPI Rules
National Payment Corporation of India (NPCI) has announced several changes related to the UPI system. These changes will come into effect from August 1, 2025. A revised guideline has come regarding the use of API by all banks and digital payment platforms. Features like auto-pay and balance inquiry are also being covered in this. With these changes, UPI service will be able to remain stable even during high-traffic times. The new guidelines will impose some restrictions on many functions like balance inquiry and transaction status updates.
Credit card related changes
This change is for SBI credit card users. SBI is ending the free air accident insurance cover available on many co-branded credit cards from August 11. Currently, SBI Cards in collaboration with some banks provides free air accident insurance cover of Rs 50 lakh or Rs 1 crore on Elite and Prime cards.
LPG Gas cylinder price
Government oil companies fix LPG price on the first of every month. If the price of gas cylinder fluctuates, it will affect your kitchen budget. On the first of July, the price of commercial LPG cylinder was reduced by Rs 60. However, there was no change in the price of LPG cylinder. In such a situation, this time a change in the price of this gas cylinder can be seen.