Key Financial Rule Changes to Watch in 2025: FDs, Credit Cards, and More
Stay informed about key financial updates for 2025, including changes to FD rules, RuPay credit cards, visa guidelines, and EPF systems.
Key Financial Rule Changes to Watch in 2025: FDs, Credit Cards, and More
As 2025 begins, several significant updates across financial rules, credit card benefits, visa regulations, and more are set to take effect. Being informed about these changes is crucial for planning finances effectively and avoiding missed opportunities or deadlines. Below are the updates to watch out for:
1. Fixed Deposit Rule Changes
The Reserve Bank of India (RBI) has introduced new regulations for fixed deposits involving non-banking financial companies (NBFCs) and housing finance firms. These rules, effective January 2025, include stipulations for public deposit acceptance, liquid asset maintenance, and repayment protocols.
2. Visa Regulation Updates
From January 2025, countries like Thailand, the United States, and the United Kingdom will roll out revised visa guidelines for Indian applicants. Travelers must familiarize themselves with these updates to avoid complications during their application process.
3. RuPay Credit Card Lounge Access Policy
The National Payments Corporation of India (NPCI) has revised its policy for RuPay credit cardholders, effective January 1, 2025. Access to airport lounges will now be based on a tiered spending system, impacting the benefits available to cardholders.
4. Changes in Derivative Expiry Dates
Starting January 2025, the Bombay Stock Exchange (BSE) will modify the expiry days for derivatives contracts. Sensex, Bankex, and Sensex 50 index contracts will now expire on Tuesdays instead of Fridays. This update, announced on November 28, aims to align with evolving market dynamics.
5. Employees' Provident Fund (EPF) Modernization
The EPFO’s IT modernization initiative, known as CITES 2.01, will launch a new feature called CPPS from January 1, 2025. This update is expected to enhance the efficiency of EPF operations and provide better services to contributors.
6. UPI Payments for Full-KYC Wallets
From January 1, 2025, the Reserve Bank of India will allow UPI transactions using full-KYC Prepaid Payment Instruments (PPIs) through third-party UPI apps. This change aims to improve customer convenience by broadening payment options.
