As 2025 begins, several key financial changes in 2025 have come into effect, impacting everyday life, personal finances, and business operations. While some of these changes promise added convenience, others may affect your budget. Here’s a detailed look at the most important updates:
Car Prices to Rise by Up to 4%
Leading automakers like Maruti and Hyundai have announced price hikes of up to 4%, effective January 1, 2025. Rising input costs are driving this decision, passing the burden onto consumers. Companies such as Tata Motors, Mahindra, Toyota, and Kia have also confirmed price increases. Luxury car brands including BMW, Audi, and Mercedes will also see price hikes.
UPI123Pay Transaction Limit Doubled for Feature Phones
The RBI has increased the UPI123Pay transaction limit for feature phones from ₹5,000 to ₹10,000, effective January 1, 2025. This update will particularly benefit small businesses and areas with limited internet connectivity.
Mandatory Multi-Factor Authentication for GST Portal
To enhance digital security, GST filers must now comply with multi-factor authentication when using the GST portal. This regulation, introduced as part of the key financial changes in 2025, aims to simplify tax filing and protect sensitive data.
Farmers to Get Unsecured Loans Up to ₹2 Lakh
Under the key financial changes in 2025, the RBI has raised the limit for unsecured agricultural loans from ₹1.6 lakh to ₹2 lakh. This move is designed to support small and marginal farmers with affordable credit amid rising costs. Banks have been directed to implement these changes immediately.
PF Withdrawals Now Available via ATMs
In a major reform, PF account holders can now withdraw funds directly from ATMs. The key financial changes in 2025 also include provisions for EPFO and ESIC subscribers to receive claim amounts directly into e-wallets. The Ministry of Labor is upgrading IT systems to implement these features.
Changes in PF Contribution Limits
Employers and employees may face revised PF contribution limits in 2025. At present, employees contribute 12% of their basic salary to EPF, but this percentage might be increased. A final decision on this change is expected later this year.
Stock Market Expiry Dates Revised
Starting January 1, 2025, monthly expiry dates for Sensex, Bankex, and Sensex-50 contracts will shift from Fridays to the last Tuesday of each month. Quarterly and semi-annual contract expiry dates have also been updated under the key financial changes in 2025.
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