As February ends and March begins, several important changes will take place that directly affect your finances.
These changes involve everything from LPG gas cylinder prices to banking rules. Let’s go over the key updates that will be in effect starting March 1, 2025.
Changes in LPG Cylinder Prices
At the beginning of each month, oil companies adjust the prices of LPG gas cylinders. On March 1, new LPG prices will be announced after a review, likely around 6 AM.
Along with LPG, prices for Aviation Turbine Fuel (ATF) and CNG-PNG might also change.
Fixed Deposit (FD) Rule Updates
The new rules will also affect your financial investments, especially Fixed Deposits (FDs). Be prepared for potential changes in interest rates, tax rules,
and withdrawal procedures from March 1. Several banks have already adjusted their FD interest rates, and more changes might come in March 2025.
UPI Payment System Update
There will be a new feature added to the UPI payment system to make paying insurance premiums easier.
The Insurance-ASB service will allow life and health insurance holders to block funds in advance for their premium payments. This feature will simplify the payment process.
Bank Holiday Schedule Changes
The bank holiday schedule will also change in March, with banks being closed for a total of 14 days. Make sure to plan your banking tasks around these closures.
