Rule Change 2025: These big rules have changed from March 1, from LPG gas prices to insurance premiums, know how much impact it will have on your pocket
Today is 1st March. With the beginning of every new month, some rules also change (1 March Rule Changes). Many rules are going to change from today, which is sure to affect your pocket. From 1st March 2025, changes are being seen in everything from the price of LPG cylinder to the interest rates of bank FD. Know here what changes the month of March has brought with it and what effect it will have on people's pockets.
Change in LPG gas prices
New prices of LPG cylinders have been fixed on 1 March. The price of 19 kg commercial gas cylinder has been increased this month. From Delhi to other cities, the price of cylinders has been increased by 6 rupees. Whereas last month during the budget, the price of 19 kg commercial gas cylinder was reduced by 7 rupees. Now this relief has been withdrawn. Let us tell you that oil marketing companies change the prices of LPG gas cylinders on the first of every month. After the increase in the prices of LPG gas cylinders, people's monthly budget is sure to be affected.
Changes in Air Turbine Fuel Prices
Changes in ATF prices can be seen on 1 March 2025. This will have a direct impact on air travelers. Actually, oil distribution companies change the prices of air turbine fuel (ATF) on the first of every month. If ATF prices decrease, airline companies can reduce their fares, whereas if the price of fuel increases, the fare may increase.
Paying insurance premium through UPI has become easy
It has become easier to pay insurance premium through UPI from March 1, 2025. There has been a major change in Unified Payment Interface (UPI) transactions. Under the new rules of IRDAI, now paying insurance premium through UPI has become easier than before. The Insurance Regulatory and Development Authority (IRDAI) has launched a new feature called Bima-ASBA (Application Supported by Blocked Amount) through UPI. The purpose of which is to make the payment process easier for customers. Through this, policy holders can block money in their bank account for premium payment. According to the circular, the new payment system has become effective from March 1.
Changes in interest rates of Fixed Deposit
There may be a change in the interest rates of fixed deposits (New FD Rates 2025) from March 1, 2025. Banks can increase or decrease the interest rates on FDs. Banks can change the interest rates according to their liquidity and financial needs.
Changes in the rules for adding nominee in Mutual Funds and Demat Account
- There has been a big change regarding mutual funds and demat accounts from March 1.
- Investors will be able to add a maximum of 10 nominees to their mutual fund portfolio and demat account.
- Till February 28, there was facility to add names of only one or two nominees (Mutual funds demat nominee).
- All these nominees can be seen as joint account holders or different nominees can be chosen for different single accounts or folios as well.
- After this change, investors have more options.
- SEBI had issued a circular regarding this change on January 10 itself.
The deadline to activate UAN is March 15
EPFO has extended the last date for activating Universal Account Number (UAN) and linking bank account with Aadhaar for employees appointed in the current financial year to March 15. Now the work of UAN activation will have to be completed by March 15. Earlier the date of February 15 was fixed for this.
Banks will remain closed for 14 days in March
Before going to the bank in March, definitely check the bank holiday list, because banks will remain closed for 14 days in March (Bank Holiday In March 2025). These 14 days include Holi, Eid-ul-Fitr and other festivals, as well as the weekly holidays of second, fourth Saturday and Sunday.