10 Big UPI Rule Changes by NPCI Starting 1st April 2025
New UPI Rules From 1st April 2025: From 1 April 2025, many rules are going to change from UPI, and banking to GST, LPG price, and income tax. It is important for you to know these rules because they will directly affect your pocket.
New Rules from 1 April 2025:
With the start of the new financial year, many rules are going to change, which can directly affect your pocket. From April 1, 2025, changes will be implemented in many sectors, like banking, GST, income tax, and digital payment, which will affect the pocket of every common citizen and business person.
In such a situation, if you are prepared in advance, then you can avoid any problem. Let’s know about the 10 major changes to be implemented from April 1, 2025, in UPI rules
1. Changes in UPI rules:
The National Payment Corporation of India (NPCI) is going to stop UPI transactions of such mobile banks from April 1, 2025, which have been inactive for a long time. That is, if an old number is linked to your bank account, which has been closed for a long time, then to continue UPI transactions, you should link a New number to the bank account before 1 April 2025. If you do not complete this work before April 1, 2025, then you may face problems in transacting with UPI.
2. Dormant accounts will be closed:
On April 1, 2025, NPCI (National Payments Corporation of India) will disable UPI IDs that have not been used in the last 12 months to prevent fraud and phishing scams. Users who do not reactivate their dormant UPI IDs may lose them completely. Therefore, to make digital payments without any interruption, you will have to reactivate the dormant UPI ID.
3. Now, FD will be more beneficial:
If you invest in fixed deposits, there is good news for you. From April 1, banks will not deduct TDS on interest up to Rs 1 lakh on FDs, RDs, and other such savings schemes. Note that this limit has been fixed for senior citizens; earlier, this limit for them was Rs 50,000, which has now been increased to Rs 1 lakh.
At the same time, other investors have also been given relief, and for them, this limit has been increased from Rs 40 thousand to Rs 50 thousand. That is, if a senior citizen gets interest of up to Rs 1 lakh in a year on FD, then no TDS will be deducted from it. The limit of senior citizens has been directly doubled, which will benefit them a lot.
4. Change in a savings account and FD interest rate:
Many banks are going to change the interest rates of savings accounts and FD from April 1. Many banks like SBI Bank, HDFC Bank, Indian Bank, Punjab and Sindh Bank, and IDBI Bank have changed the interest rates of their FD and special FD. You can check the interest rates applicable from April 1 by visiting the bank’s website.
5. PAN-Aadhaar will have to be linked to get the dividend:
If your PAN-Aadhaar link is not there, then from April 1, you will not get dividends on stocks. Along with this, the deduction of TDS on capital gains will also increase, and you will not get any credit in Form 26AS.
6. Rules for Demat-Mutual Fund Account will be stricter:
SEBI has made the rules for opening mutual funds and demat accounts more strict. According to the new rules, all investors are required to update their KYC and nominee details again. If this is not done, your demat account can be frozen. However, you can reactivate the frozen account.
7. It is necessary to keep a minimum balance in a savings account:
From April 1, if you do not have a minimum balance in your savings account (Savings Account Minimum Balance), then banks can impose a penalty on you. The minimum balance limits of different banks may be different, so it is important to understand the policies of your bank to avoid penalties.
8. Changes in GST rules:
The Government of India is going to make a big change in the rules of GST (Goods and services tax) in the new financial year. Under this, the Input Service Distributor (ISD) system is going to be implemented from April 1, 2025. The purpose of this change is to guarantee the correct distribution of tax revenue among the states. This change is a big step towards further streamlining the GST system. The ISD system will not only distribute tax revenue among the states but will also help businesses to manage their tax liability better.
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9. LPG gas cylinder prices will change:
As you know, at the beginning of every month, LPG gas cylinder prices are first reviewed and then revised. From April 1, oil companies can change the prices of domestic and commercial gas cylinders, which will have a direct impact on your pocket. Let us tell you that the price of a gas cylinder is fixed every month on the basis of international oil prices and the dollar-rupee exchange rate.
10. New tax rules will be implemented:
Finance Minister Nirmala Sitharaman gave a big relief in income tax to the middle class in 2025-26. From April 1, 2025, income up to Rs 12 lakh per annum will be tax-free, but this relief will be available only to those employees who choose the new tax regime.
Assessment year 2025-26 will officially start on April 1. That is, from now on, the new tax system will be the default. If a taxpayer applies for the benefit of 80C, if one wants to file taxes under the old tax regime, he will have to choose this option separately.
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