New Rules: From UPI to LPG gas prices... what will change from today; Know the answer to every question here

UPI related rules will change from 1 August: Many rules change from the first of every month. Today, from the first of August, many such rules will be implemented. These include UPI balance check, timing of autopay transactions, banking amendment law, implementation of US tariffs, and many other rules, which are being implemented from today. Let's know about such changes that will affect your pocket...

Every month brings new changes. In this sequence, today i.e. from August 1, some such rules are being changed which can have a direct impact on you. These changes include many important changes in UPI, LPG gas prices and many important rules related to banking. These changes are such that will directly affect your daily tasks and your pocket. In such a situation, you should know about these important changes in time and plan your plans accordingly.

UPI: Now you will be able to check balance only 50 times in a day.

Many big changes are happening in UPI from August 1. The biggest change is that now you will be able to check balance only 50 times in a day. You will be able to see the list of bank accounts only 25 times.

Autopay - Photo: AI

Change in timing of autopay transactions:

Recurring UPI autopay transactions like EMI, mutual fund SIP and OTT subscription will now be completed only during non-peak hours. The timing of autopay transactions will be before 10 am, between 1 pm to 5 pm and after 9:30 pm. This means that if your Netflix bill used to be deducted at 11 am, now it can be deducted before or after. Similarly, if your UPI payment fails, you will get only three chances to check its status. You will have to wait for 90 seconds between each attempt.

UPI payment – Photo : Amar Ujala

Now you will always see the name of the recipient when you

send money. This will help in avoiding wrong payments.

Symbolic picture – Photo: ANI

Banking Amendment Act comes into force from today

The major provisions of the Banking Laws (Amendment) Act, 2025 will come into force from August 1. The amended law aims to improve bank administration and ensure the protection of depositors and investors. The aim is to improve auditing in public sector banks and increase the tenure of directors in cooperative banks. Now public sector banks will be allowed to transfer unclaimed shares, interest and bond amounts to the Investor Education and Protection Fund.

Bank - Photo: freepik

New trading hours for market repo and tri-party repo operations

Trading hours for market repo and tri-party repo operations will be extended by one hour till 4 pm. The new timing will be from 9 am to 4 pm.

UPI – Photo : AdobeStock

There is no GST on UPI transactions of more than Rs 2,000 There

is also good news for UPI users and that is that there is no proposal to impose GST on UPI transactions of more than Rs 2,000. Recently some such news came to the fore, after which on 22 July in the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary said that the GST Council has not made any recommendation to impose GST on UPI transactions.

US tariff – Photo : amarujala.com

25% US tariff will now come into effect from August 7.

US President Donald Trump's order to impose a 25% tariff on imports from India will now come into effect from August 7. President Trump issued this order late last night. Earlier, the US tariff was to come into effect from today (August 1). With this, most of the products exported from India to America are bound to get expensive there. It is believed that Indian exporters may get a shock because America is a big buyer of Indian products and if the US tariff increases on goods sent from India, then the citizens there may give preference to goods coming from other countries at a lower tariff rate instead of Indian products.

Gas cylinder – Photo : Istock

Commercial LPG gas cylinder price cut

Oil marketing companies have cut the prices of commercial LPG gas cylinders. The price of 19 kg commercial LPG cylinder has been reduced by Rs 33.50, which will be effective from August 1, 2025. After the new prices come into effect, the price of 19 kg commercial LPG cylinder in Delhi will be Rs 1631.50 from August 1, which is currently priced at Rs 1665.00.

However, common consumers have not got any relief. There has been no change in the prices of 14.2 kg domestic LPG cylinders. The prices of LPG cylinders are reviewed on the first of every month. This time the change has been limited only to commercial cylinders.

PC:AmarUjala