- By Chetna Shree
- Sun, 27 Jul 2025 04:14 PM (IST)
- Source:JND
New Rules From August 1: Starting August 1, six significant financial changes will come into effect, impacting the pockets of taxpayers and customers. From changes in UPI usage rules to possible price hikes in fuel and LPG, these regulatory changes announced by banks and other government agencies may disrupt your budget.
UPI Users To Face Daily Usage Limits
The National Payments Corporation of India (NPCI) is set to introduce new usage limits on UPI apps, like Paytm, PhonePe and Google Pay, to enhance customer experience and decrease load on apps. According to the new rule, customers will be able to check their bank balance 50 times per day, and UPI-linked account information checks will be limited to 25 per day. Additionally, AutoPay transactions will be approved only in three fixed time slots in a day, and failed transaction status can be viewed only three times a day.
LPG Prices Likely To Be Revised
The Oil Marketing Companies (OMCs) review the price of LPG cylinders, both domestic and commercial, every month. Last month, commercial LPG cylinders saw a Rs 60 price cut, raising hopes that domestic cylinders will also get cheaper. Over the past few months, there has been a constant fluctuation in the rates of LPG cylinders. The government is expected to review the price of LPG cylinders on August 1, which can impact your pocket.
CNG And PNG Prices May Increase
Interestingly, CNG and PNG prices have remained constant since April 9, but a revision in their prices is likely to come into effect from August 1. If the prices of CNG and PNG increase, it could increase commuting and cooking costs in many households as these fuels are used in autos, cabs and gas pipelines.
ALSO READ: UPI To Get Major Updates From August 1, 2025: New Rules For Balance Checks, AutoPay, And More
Air Travel To Get Costlier From August 1
The price of Aviation Turbine Fuel (ATF), the fuel that powers aeroplanes, is likely to undergo revision on August 1, Zee Business reported. If the price of ATF increases, airlines may pass the increased cost to passengers, making flight tickets expensive. So, if you are planning to book your flight tickets in August, keep an eye on fares and try to book early to avoid last-minute fare spikes.
August Bank Holiday Alert
The Reserve Bank of India (RBI) issues a list of bank holidays every month, and August is packed with state-wise festivals and regional celebrations. Banks will be closed on different days in different regions due to these celebrations. So, if you have any important banking work in August, try to complete it early in the month to avoid delays or failures.
SBI To End Free Credit Card Insurance
Starting August 11, the SBI Bank will withdraw free air accident insurance cover, which was earlier provided with select co-branded credit cards. The free air accident insurance cover, which ranged between Rs 50 lakh to Rs 1 crore, was provided by SBI Bank on ELITE and PRIME cards in partnership with several banks, like UCO Bank, Central Bank, Karur Vysya Bank, and Allahabad Bank. From August 11, flyers will have to pay extra for travel insurance.