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Major Financial Updates In The Year 2025
Updated: 02-01-2025 at 3:31 PM
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We all have officially entered a new year wherein the government of India introduced some major changes and updates in the financial aspect of the country which would impact the people of India to a great extent. Such updates are necessary for the growth and progress of the nation and the people as incorporating and embracing change with time is one of the most crucial elements of success.
It is significant for the citizens of India to know everything about the announced financial changes and updates in various components such as the UPI 123Pay transaction limit, extended service to RuPay credit cardholders, rules for FD withdrawal, and others so that they can manage the financial aspects of their lives smoothly and efficiently.
Major financial updates announced in 2025 are detailed below for better understanding and reference.
Transaction Limit Of UPI 123Pay
The transaction limit of UPI 123Pay has been increased from Rs. 5000 to Rs. 10,000 by the National Payments Corporation of India (NPCI). This extension of the transaction limit would benefit people and ease their lives when making a transaction.
Airport Lounge Facilities To RuPay Credit Cardholders
The National Payments Corporation of India (NPCI) has provided access to airport lounge facilities to individuals with RuPay credit cards based on the amount they spend.
Withdrawal Rules For Employees’ Provident Fund (EPF)
Individuals with Employees’ Provident Fund would soon be able to withdraw money from their Employees’ Provident Fund accounts from ATMs as announced by the Labour Secretary of the Ministry of Labour and Employment. This new update aligns with the nation’s mission of going digital and making everyone’s life easier and more efficient.
Conclusion
A government must keep modifying the existing financial aspects of a country to keep up with time by embracing the changing world with a flexible system. Hence, the government of India introduced some financial updates and changes for the growth of the country and the people so that the nation and its people can manage their respective funds efficiently and mindfully.
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