New Rules from 1 March 2025: The month of February is about to end and the month of March is going to bring with it many big changes (Rule Change From 1st March). The direct impact of these financial changes can be seen on every home and every pocket.
These big changes to be implemented in the country with the first date of the new month include changes in the price of LPG gas cylinders to changes related to insurance premium payment methods.
Like every month , many rules are going to change on the first date of the next month i.e. from March 1, 2025, which will have a direct impact on the pockets of the common people. On the first date of February, there was a reduction in the price of 19 kg commercial LPG gas cylinder. Let us tell you that oil and gas distribution companies change the prices on the first day of every month and this can be seen this time as well.
Revision in Jet Fuel Prices
On the first of every month, the oil distribution companies revise the price of jet fuel i.e. Air Turbine Fuel (ATF). In such a situation, a change in the price of jet fuel can be seen on March 1. Let us tell you that the change in ATF prices can have a direct impact on the pockets of air passengers.
Insurance premium will be paid through UPI
Now paying insurance premium is going to be very easy. IRDAI has announced a new facility for premium payment. Its name is Bima-ASBA. This facility will start from March 1, 2025. This facility will be based on UPI. Crores of people using UPI will be able to use this facility.
The deadline to activate UAN is March 15.
The Employees’ Provident Fund Organization (EPFO) has extended the last date to activate the Universal Account Number (UAN) and link bank accounts with Aadhaar to March 15. This work is necessary to avail the benefits of EPFO’s ELI scheme.
Mutual fund investors can make 10 people as nominees.
SEBI has made a big change in the rules of nomination in mutual funds and demat accounts. According to the new rules, now investors will be able to make a maximum of 10 people as nominees in their demat accounts or mutual fund folios. This rule will come into effect from March 1, 2025.
Banks will remain closed for 14 days
The Reserve Bank of India has released the bank holiday list for March. According to this, banks will remain closed for a total of 14 days in March. In such a situation, it would be better if you check the list of bank holidays before going to the branch for the work left for March.
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