As February begins, there are several rule changes that could directly affect the daily lives of many people.
From LPG gas cylinder prices to UPI transaction rules, these updates are financially significant and worth noting.
Changes in LPG Prices
LPG prices are reviewed and updated on the 1st of every month. The oil marketing companies will announce new prices for LPG cylinders on February 1.
This change could either increase or decrease the cost of LPG, impacting household expenses.
It’s important to remember that earlier, on January 1, oil marketing companies reduced the price of the 19 kg commercial cylinder.
UPI Transaction Rule Updates
Starting February 1, 2025, the National Payments Corporation of India (NPCI) will implement new rules for UPI transactions. UPI IDs that contain special characters will no longer be accepted.
Only alphanumeric characters—letters and numbers—will be allowed in the transaction ID. If a transaction ID includes any special characters, the payment will fail.
Maruti Car Price Hike
Maruti Suzuki India will increase the prices of several car models by up to Rs 32,500 starting February 1.
Models like Alto K10, Swift, Wagon R, Dzire, Brezza, and others will see a price hike. The increase is due to rising input costs and operational expenses.
Changes in Banking Rules
Starting February 1, Kotak Mahindra Bank will introduce several changes to its banking services. This includes updates to the free ATM transaction limits
and new fees for various banking services. Customers should be aware of these adjustments when using bank services.
Potential Rise in ATF Rates
Aviation fuel prices (ATF) may also see changes on February 1. Oil marketing companies adjust the rates of ATF at the start of every month, which could affect air travel costs.
Any change in ATF prices will directly impact the expenses of airlines and, in turn, air travelers.
These changes, effective from February 1, could impact various aspects of daily life and finances, so it’s important to stay informed.
