Some new rules apply with the onset of every month, and March 2025 is also no different. Since March 1, 2025, there have been many significant changes in India, which will affect the pockets and lifestyle of the general public. These include LPG gas cylinder prices, UPI payment rules, mutual fund nominations, and fixed deposits (FD) interest rates. Let us understand these changes in detail.
Major rules change from March 1, 2025
These new rules, which were implemented in March 2025, aims to simplify the lives of citizens and make financial processes more effective. Below is a quick observation of these changes:
| Type of rule | Main change |
| LPG cylinder prices | Commercial cylinder prices increased by ₹ 6; Domestic cylinder price stable. |
| Upi payment | New BIMA -SBA feature starts for insurance premium payment. |
| Mutual fund nomination | Permission to add maximum 10 nominees to an account. |
| Fd interest rates | Some banks amended interest rates. |
| Tax slabs and tds boundaries | The TDS limit for senior citizens was increased from ₹ 50,000 to ₹ 1 lakh. |
| Air turbine fuel (ATF) prices | ATF rates modified; Air travel can be expensive. |
New prices of LPG cylinder
The prices of commercial LPG cylinders of 19 kg from 1 March 2025 to 19 kg have been seen. These changes have been implemented in major cities like Delhi, Mumbai, Kolkata and Chennai. However, the prices of domestic LPG cylinders remain stable.
New price of commercial LPG cylinder (₹):
| City | February 2025 Price | March 2025 Price | increase |
| Delhi | ₹ 1797 | ₹ 1803 | ₹ 6 |
| Mumbai | ₹ 1749.50 | ₹ 1755.50 | ₹ 6 |
| Kolkata | ₹ 1907 | ₹ 1913 | ₹ 6 |
| Chennai | ₹ 1959.50 | ₹ 1965.50 | ₹ 6 |
Domestic LPG cylinder prices:
14.2 kg LPG cylinder prices for domestic use remain stable since August 2024:
- Delhi: ₹ 803
- Mumbai: 0 802.50
- Kolkata: ₹ 829
- Chennai: ₹ 818.50
- Lucknow: ₹ 840.50
Effect: Commercial gas cylinders are expensive, it will directly affect hotels, restaurants and small businesses.
New feature in UPI payment
IRDAI has launched a new feature for UPI payments, which is called BIMA-Asba (Application Supported by Blocked Amount). This system makes insurance premium pay easy and safe.
Benefits of Bima-SASBA feature:
- Customers can block funds in their bank account.
- The amount will be deducted only after the insurance policy is released.
- If the policy is rejected, the funds will be unblock.
This facility will apply to life and health insurance policies, making the payment process more transparent.
Changes in mutual fund nomination
SEBI has implemented new rules to simplify the nomination process for mutual funds and demat accounts.
Main changes:
- A maximum of 10 nominees can now be added to an account.
- The percentage of the allocated amount to each nominee can be decided in advance.
- It will be mandatory to add nominee to single holder accounts.
This step will be helpful in cases where investors become ill or detailed, which will make the property transfer easier.
FD interest rates change
Some banks have amended their fixed deposit (FD) interest rates. This change can be beneficial especially for senior citizens.
Benefits for senior citizens:
- The TDS limit has now been increased from ₹ 50,000 to ₹ 1 lakh.
- Some banks have raised interest rates on long -term FDs.
Air turbine fuel (ATF) prices
Air turbine fuel (ATF) prices have been revised since 1 March 2025.
Effect:
- ATF is expensive, air travel fare may increase.
- Airline companies can increase fares, which will put additional burden on passengers.
Tax slab and other financial changes
Since March 2025, changes have also been made in the rules related to tax slabs and TDS:
- The TDS limit for senior citizens has now been increased to ₹ 1 lakh.
- Tax slabs have been made more flexible to provide relief to taxpayers.
conclusion
All these changes, which came into force from 1 March 2025, will affect both the general public and the business. While the rising prices of LPG cylinders will affect people’s monthly budget, on the other hand, improvement will simplify the improvement financial processes like UPI payments and mutual fund nominations.
Disclaimer:
This article is written only for the purpose of providing information. Please consult the concerned expert or concerned department before taking any financial decision.
