Important Changes in UPI, Visa, EPFO, Credit Cards, FDs and More From Jan 1

As 2025 rolls in, several major regulations regarding personal finance are going to come into place. These new rules include revised fixed deposit, credit card, visa, and other rules and regulations that one needs to abide by for sound financial planning. If one fails to keep a track of such changes, one may miss all the deadlines and might lose out on many benefits. Here are the important Financial Changes 2025:

Fixed Deposit Rules Changes

In January 2025, RBI is going to bring new Fixed Deposit rules for the non-banking financial companies and housing finance firms. It is going to incorporate public deposit acceptance, minimum liquid asset maintenance, and deposit repayment protocols.

Visa Changes

Indians intending to file applications for visa in countries such as Thailand, the United States, and the United Kingdom should know the new rules that are to be introduced on all visas issued from January 1, 2025.

Rupee Credit Cardholders’ Lounge Access Policy

On January 1, 2025, the NPCI will introduce new policies for RuPay credit cardholders. As a result, RuPay credit card holders will face tier-based spending criteria to access the exclusive airport lounges.

Sensex, Bankex, Sensex 50 Monthly Expiry

As from January 1, 2025, the expiry days of index derivative contracts for Sensex, Bankex, and Sensex 50 will be changed. The BSE announced a change in the expiry days of weekly Sensex contracts. From now on, they will expire every Tuesday instead of Friday.

Employees’ Provident Fund Organisation (EPFO)

The new CPPS system of the EPFO’s IT modernization project, CITES 2.01, is launched from January 1, 2025

UPI Payments

It is now being made available to use third-party UPI applications for making UPI payments through full-KYC Prepaid Payment Instruments from January 1, 2025.